Louis PLC

CONSOLIDATED PROFIT AND LOSS ACCOUNT

For the nine months ended September 30, 2013

30/09/2013 30/09/2012

€'000 €'000

Income	172.770	165.344
Operating, administrative and selling expenses	(79.596)	(83.989)
Staff cost	(42.017)	(44.895)
	(121.613)	(128.884)

Operating profit before interests, taxes, depreciations and		36.460
hotel rents	51.157	(7.299)
Hotel rents payable		(17.994)
Depreciations	(6.405)	(337)
Amortizations
	(18.282)
	(286)
Profit from operations	26.184	10.830
Finance income	858	910
Finance cost	(18.352)	(19.670)

Net finance cost	(17.494)	(18.760)
Profit/(loss) from operations after net finance cost	8.690	(7.930)
Net exchange profit/(loss)
Profit/(loss) from sale of ships, property, plant and equipment	1.097
Share of profit of associated company	17	(358)
Loss from write off of assets
	51
		(9)
	(2.215)
		177


		-
Profit/(loss) before taxation	7.640	(8.120)
Taxation	(4.715)	(352)
Profit/(loss) for the period	2.925	(8.472)

Profit/(loss) for the period attributable to:	2.911	(8.489)
Owners of the Company	14	17
Minority interest

Profit/(loss) for the period	2.925	(8.472)
Basic and fully diluted profit/(loss) per share (cent)	0,63 __	(1,84)

	Unaudited	Audited
	30/09/2013 €'000	31/12/2012 €'000
Assets
Ship, property, plant and equipment	460.295	457.361
Hotel leases	22.430	22.947
Amounts due from related companies	45.512	44.898
Other assets	768	2.025
Investment in associated company	16.192	16.160
Non current assets	545.197	543.391
Stock	10.332	8.112
Trade and other debtors	72.651	46.695
Amounts due from related companies	13.492	13.412
Blocked bank deposits	9.775	6.838
Cash and equivalent to cash	18.786	13.497
Non current assets held for sale	34.658	36.084
Current assets	159.694	124.638
Total assets	704.891	668.029
Equity
Share capital	78.293	78.293
Reserves	25.357	22.076
Equity attributable to owners of the Company	103.650	100.369

Minority interest	83	71
Total equity	103.733	100.440
Liabilities
Borrowing	100.198	110.622
Liabilities from finance lease	198.336	198.053
Amounts due to related companies	7.946	7.636
Other liabilities	3.200	4.766
Deferred income	4.766	5.988
Deferred taxation	24.039	19.388
Non current liabilities	338.485	346.453
Bank overdrafts	34.405	30.838
Borrowing	88.526	75.296
Liabilities from finance lease	23.418	18.747
Trade and other liabilities	72.077	60.922
Hedge funds	2.562	3.909
Amounts due to related companies	11.906	13.113
Other liabilities	1.481	1.895
Deferred income	20.497	9.190
Taxation due	3.559	3.282
Liabilities held to maturity	4.242	3.944
Current liabilities	262.673	221.136

Total liabilities	601.158	567.589
Total equity and liabilities	704.891	668.029