The subordinated loan granted by the Group to Harrington Hall Hotel Ltd. for the amount of €2,250 thousand to refinance the entity’s financial debt prior to its
acquisition is entered under the “Loans to associated companies- Harrington Hall Hotel Ltd.” heading. This heading also includes the interest accrued during the
financial year by the above-mentioned loan to Harrington Hall Hotel, Ltd. and a current account held with this company in the amount of €3,712 thousand.
Other operations
By virtue of the contractual relationship entered into with Grupo Inversor Hesperia, S.A., at 31 December 2013 EUR 1.88 million had not yet been received for various
reasons, of which EUR 0.86 million were due on said date. The net balance recorded in relation to Grupo Inversor Hesperia, S.A. at 31 December 2013 stood at €1.52
million (€1.57 million as at 31 December 2012).
Thousand euros
31/12/2012
Expenses and Income
Major
Shareholders
Directors and Senior
Management
Group Persons,
Companies or Entities
Other Related
Parties
Total
Expenses:
Financial expenses
13,566
-
-
-
13,566
Management or cooperation agreements
-
-
-
-
-
R&D transfers and licence agreements
-
-
-
-
-
Rents
10,341
-
-
-
10,341
Reception of services
-
-
-
-
-
Purchase of goods (finished or in-progress)
-
-
-
-
-
Write downs for bad debts and doubtful accounts
-
-
-
-
-
Losses due to retirement or disposal of assets
-
-
-
-
-
Other expenses
1,548
-
-
-
1,548
25,455
-
-
-
25,455
Income:
Financial income
183
105
-
288
Management or cooperation agreements
2,765
-
-
-
2,765
R&D transfers and licence agreements
-
-
-
-
-
Dividends received
-
-
-
-
-
Rents
-
-
-
-
-
Rendering of services
-
-
55
-
55
Sale of goods (finished or in-progress)
-
-
-
-
-
Gains on retirement or disposal of assets
-
-
-
-
-
Other income
-
-
-
-
-
2,765
183
160
-
3,108
29.-
INFORMATION BY SEGMENTS
The information by segments is primarily structured around the Group’s different business lines and then according to geographic distribution.
Main segments – Business
The business lines described below have been established on the basis of the organisational structure of Grupo NH Hoteles’ existing at the end of 2013, taking into
account both the nature of the products and services offered and the target customer segments.
In 2013, Grupo NH Hoteles focused its operations on two main business lines: hotels and real estate. These constitute the basis upon which the Group presents the
information on its main segments.
The Group does not include its catering operations as amain segment because it cannot be separated from the accommodation activity; both constitute a single business,
the hotel business.
Secondary segments – Geographic
The Group’s operations are located in Spain, the Benelux, Germany, Italy, the rest of Europe, South America and the rest of the world.
The information by segments set out below is based on the reports drawn up by Grupo NHHoteles and is generated through a computer application which categorises
transactions by business lines and geography.
Ordinary income corresponds to income directly attributable to the segment plus a relevant proportion of the Group’s general income that can be distributed to it using
fair rules of distribution. The ordinary income of each segment does not include interest income and dividends, gains on the disposal of investments or proceeds from
debt redemption or extinguishment, or share of results of associates.
The assets and liabilities of the segments are those which are directly connected with the segments’ operations.
REPORT ONTHE CONSOLIDATED FINANCIAL STATEMENTS
106
