Louis PLC

CONSOLIDATED PROFIT AND LOSS ACCOUNT

	31/03/2014 31/03/2013 €'000 €'000
Income	19.718____19.827
Operating, administrative and selling expenses Staff cost	(14.290) (9.045)	(12.989) (9.185)
	(23.335)	(22.174)
Operating loss before interests, taxes, depreciations and hotel
rents	(3.617)	(2.347)
Hotel rents	(2.359)	(2.030)
Depreciations	(7.131)	(5.950)
Other depreciations and amortizations	(95)	(95)
Loss from operations	(13.202)	(10.422)
Finance income	337	433
Finance cost	(6.440)	(6.281)
Net finance cost	(6.103)	(5.848)
Loss from operations before net finance cost	(19.305)	(16.270)
Loss from write off of assets		(2.223)
Share of (loss)/profit from investments recognized
with the equity method	(2.753)	10 843
Net exchange (loss)/profit	(216)
Loss before taxation	(22.274)	(17.640)
Taxation	271	(4.672)
Loss for the period	(22.003)	(22.312)
Loss for the period attributable to:		(22.286)
	(21.988)
Owners of the Company Minority interest	(15)	(26)
Loss for the period

	Unaudited	Audited
	31/03/2014	31/12/2013
	€'000	€'000
Assets
Ships, property, plant and equipment Hotel leases	479.460 22.085	443.362 22.259
Amounts due from related companies Other assets	48.031 684	47.803 692
Investments recognized with the equity method Non current assets	12.410 562.670	15.164 529.280
Stock	10.600	8.656
Trade and other debtors	44.835	48.702
Amounts due from related companies	18.356	12.001
Pledged bank deposits	8.170	8.178
Cash and cash equivalent	15.781	10.449
Non current assets held for sale	- 97.742	34.600 122.586
Current assets	660.412	651.866
Total assets
Equity
Share capital	78.293	78.293
Reserves	(28.564)	(6.829)
Equity attributable to owners of the Company	49.729	71.464
Minority interest	50	65
Total equity	49.779	71.529
Liabilities
Borrowing	99.090	98.751
Liabilities of finance lease	196.343	196.152
Amounts due to related companies	8.159	7.778
Other liabilities	2.778	2.783
Deferred income Deferred taxation	9.529 28.667	6.082 24.681
Non current liabilities	344.566	336.227
Bank overdrafts	33.940	36.048

Borrowing	87.953	86.556
Liabilities of finance lease Trade and other liabilities	30.407 62.404	26.470 55.899

Derivative hedging instruments	2.310	2.562
Amounts due to related companies	11.576	12.072
Other liabilities Deferred income	1.450 27.587	1.450 10.344
Taxation due	8.440	8.447
Liabilities held for sale	-	4.262
Current liabilities	266.067	244.110

Total liabilities	610.633	580.337
Total equity and liabilities	660.412	651.866