Provisions for likely or certain liabilities, ongoing litigation and outstanding indemnities or obligations of an indeterminate amount connected with the environment and
not covered by the insurance policies taken out are incorporated at the moment the liability or obligation linked to the indemnities or payment arises.
4.23
Consolidated cash flow statements
The following terms with their corresponding explanation are used in the consolidated cash flow statements prepared using the indirect method:
-
Cash flows: Inflows or outflows of cash or cash equivalents. The latter are construed as highly liquid short-term investments with a little risk of change in their
value.
-
Operating activities: The typical activities of the entities comprising the consolidated group, along with other activities that cannot be classified as investment or
financing activities.
-
Investment activities: Activities involving the acquisition, disposal or drawing down by other means of long-term assets and other investments not included under
cash and cash equivalents.
-
Financing activities: Activities resulting in changes in the amount and composition of equity and liabilities and which do not form part of the operating activities
5.-
PROFIT (LOSS) PER SHARE
The basic profit per share is calculated by dividing the net profit or loss attributable to the Group in a period by the weighted average number of shares in circulation
during the period, excluding the average number of treasury shares held during the same period.
In accordance with this:
31/12/2013
31/12/2012
Net Profit/(Loss) for the year (thousands of euros)
(39,818)
(293,737)
Weighted average number of shares in circulation (thousands)
295,228
244,644
Profit/(Loss) per share (in euros)
(0.13)
(1.20)
The diluted earnings per share is established on a similar basis as basic earnings per share; however, the weighted average number of shares outstanding has increased
with the options on shares, warrants and convertible debt.
31/12/2013
Net Profit/(Loss) for the year (thousands of euros)
(39,818)
Dilutive average weighted number of shares (thousands).
337,975
Diluted Profit/(Loss) per share (in euros)
(0.12)
6.-
GOODWILL
The balance included under this item corresponds to the net goodwill arising from the acquisition of certain companies, and is broken down as follows (thousands of
euros):
2013
2012
NHHoteles Deustchland, GmbH and NHHoteles Austria, GmbH
94,710
97,467
Others
2,511
4,347
Total
97,221
101,814
The movements in this heading of the consolidated balance sheet in 2013 and 2012 were as follows (thousands of euros):
Company
Goodwill 31.12.11
Currency
Translation
difference
Impairment
Goodwill 31.12.12
NHHoteles Deustchland, GmbH and NHHoteles Austria, GmbH
108,068
-
(10,601)
97,467
Others
11,900
(1,295)
(6,258)
4,347
Total
119,968
(1,295)
(16,859)
101,814
REPORT ONTHE CONSOLIDATED FINANCIAL STATEMENTS
73
