Danubius Hotel and Spa Rt - Danubius Hotels Group
Danubius Hotel and Spa Rt - Danubius Hotels Group
Danubius Hotel and Spa Rt - Danubius Hotels Group
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<strong>Danubius</strong> <strong>Hotel</strong> <strong>and</strong> <strong>Spa</strong> <strong>Rt</strong>. <strong>and</strong> Subsidiaries<br />
Consolidated Statement of Income<br />
(All amounts in million HUF)<br />
Year ended December 31,<br />
Notes 2004 2003<br />
Revenue<br />
Rooms 18,591 17,355<br />
Food <strong>and</strong> beverage 12,502 11,165<br />
<strong>Spa</strong> 5,050 6,027<br />
Other departmental revenues 2,398 1,987<br />
Interest income 256 110<br />
Other revenue 16 306 243<br />
Total revenue 28 39,103 36,887<br />
Costs <strong>and</strong> expenses<br />
Rooms 3,904 3,446<br />
Food <strong>and</strong> beverage 9,183 8,203<br />
<strong>Spa</strong> 2,168 1,994<br />
Other departmental expenses 2,679 2,665<br />
Administrative <strong>and</strong> general 17 14,166 12,986<br />
Interest expense 838 806<br />
Foreign currency loss / (gain) (989) 1,325<br />
Depreciation <strong>and</strong> amortisation 4,179 3,983<br />
Other expenses 18 1,421 1,605<br />
Total costs <strong>and</strong> expenses 37,549 37,013<br />
Profit / (loss) before tax 1,554 (126)<br />
Income tax (expense) / benefit 19 13 473<br />
Net profit after tax 1,567 347<br />
Minority interests 13 23 94<br />
Net profit for the year 1,590 441<br />
Earnings per share (expressed in HUF per share): 20 201 56<br />
The notes set out on pages 8 to 36 are an integral part of the consolidated financial statements. 5
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