7.-
INTANGIBLE ASSETS
The breakdown and movements under this heading during 2013 and 2012 were as follows (in thousands of euros):
Balance
at
31.12.11
Inclusions/
Allowances Retirements
Balance
at
31.12.12
Change in
consolidation
boundary
Inclusions/
Allowances Retirements Assignments Balance at
31.12.13
COST
Rights of use
30,200
98
-
30,298
-
251
-
-
30,549
Rental agreement premiums
70,020
-
-
70,020
-
-
(1,590)
-
68,430
Concessions, patents and trademarks 34,964
630
(984)
34,610
-
-
(12)
64
34,662
Software applications
50,295 11,809
-
62,104
(9)
10,389
(76)
(2,535)
69,873
185,479 12,537
(984)
197,032
(9)
10,640 (1,678)
(2,471)
203,514
CUMULATIVE DEPRECIATION
Rights of use
(16,068)
(320)
-
(16,388)
-
(1,298)
-
-
(17,686)
Rental agreement premiums
(9,840)
(2,923)
-
(12,763)
-
(1,690)
636
(202)
(14,019)
Concessions, patents and trademarks (10,146)
(1,982)
972
(11,156)
-
929
12
-
(10,215)
Software applications
(41,948) (10,219)
-
(52,167)
9
(14,520)
46
636
(65,996)
(78,002) (15,444)
972
(92,474)
9
(16,579)
694
434
(107,916)
Impairment
(29)
(12,561)
-
(12,590)
-
(1,195)
1,163
(10,360)
(22,982)
NET BOOK VALUE
107,448
91,968
72,616
7.1
Rights of use
On 28 July 1994, NH Hoteles, S.A. was granted a right of use on Hotel NH Plaza de Armas in Seville, which is owned by Red Nacional de los Ferrocarriles Españoles
(
RENFE), for a thirty-year period commencing on the date the agreement was executed. NH Hoteles, S.A. will pay RENFE the amount of 30.20 million euros in
accordance with a payment schedule which concludes in 2014.
The Group has reflected the entire amount agreed upon as the transaction’s price in the “Rights of use” item. In order to correctly accrue this price, the result of spreading
outthecostoverthethirtyyeartermoftheagreementisassignedtotheconsolidatedcomprehensiveprofitandlossstatementinaccordancewithanincreasinginstalment
with a percentage annual growth of 4%. “Sundry Accounts Payable” and “Other Non-Current Liabilities” (Notes 25 and 18) in the accompanying consolidated statement
of financial position includes the amounts outstanding, including a short-term balance of EUR 1.49 million at 31 December 2013 (31 December 2012: EUR 1.49 million
short-term and EUR 1.49 million long-term).
7.2
Rental agreement premiums
There were no significant movements in 2013.
7.3
Software applications
The most significant inclusions in 2013 came about in Spain as a result of investments made to develop computer applications.
REPORT ONTHE CONSOLIDATED FINANCIAL STATEMENTS
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