27.
INCOME AND EXPENSES
27.1
Income
The breakdown of this heading in the consolidated comprehensive profit and loss statements for 2012 and 2011 is as follows:
€ Thousand
2012
2011
Hotel occupancy
850,296
870,216
Catering
314,460
337,327
Meeting rooms and others
68,628
78,012
Real estate
20,577
14,454
Golf and sports clubs
3,221
3,553
Rents and other services
28,851
42,444
Net turnover
1,286,033
1,346,006
Operating subsidies
26
126
Other operating income
1,727
23,723
Other operating income
1,753
23,849
Net gain (loss) on disposal of assets
(2,357)
33,905
The “Rents and other services” item reflects income from the fees invoiced to hotels operated under a management arrangement and services
provided by the Group to third parties.
The breakdown of net turnover by geographical markets in 2012 and 2011 is as follows:
€ Thousand
2012
2011
Spain - Hotels
307,119
348,876
Spain - Real Estate
20,491
14,454
Benelux
283,846
296,804
Italy
214,031
229,770
Germany
281,233
267,162
Latin America
85,942
81,331
Rest of Europe
93,371
107,609
1,286,033
1,346,006
The heading “Net gain (loss) on disposal of non-current assets” for the year 2012 includes the de-recognition of furnishings, facilities and equipment
as a result of the withdrawal of NH Praha Radlicka in the Czech Republic, NH Trier in Germany, and the hotels NH Mercader, NH Condor and NH Villa
de Coslada in Spain (see Note 8).
The result of the disposal of assets in 2011 corresponds to the sale of five hotels to the INVESCO investment fund, through the Artos transaction,
the sale of the NH Molenvijver Genk in Genk (Belgium), the sale of the NH Ligure in Turin (Italy) and the sale of shops in the hotel NH Krasnapolsky
in Amsterdam (Netherlands).
27.2
Financial income and changes in the fair value of financial instruments
The breakdown of this item’s balance in the consolidated profit and loss statement is as follows:
€ Thousand
2012
2011
Income from negotiable securities
612
818
Interest income
2,901
4,464
Other financial income
266
438
3,779
5,720
102
REPORT ON THE CONSOLIDATED
FINANCIAL STATEMENTS
