8.-
TANGIBLE FIXED ASSETS
The breakdown and movements under this heading during 2013 and 2012 were as follows (in thousands of euros):
Balance at
31.12.11
Currency
translation
diferences
Additions Retirements
Assignments
(
Note 7)
Balance at
31.12.12
Change in
the scope of
consolidation
Currency
translation
diferences
Additions Retirements
Assignments
(
Note 7)
Balance at
31.12.13
COST
Land and buildings
1,943,598 (4,494)
7,807 (1,131)
1,499 1,947,279 (109,072)
(23,137)
5,479 (907)
(3)
1,819,639
Plant and machinery
788,565 (1,731)
13,884 (6,462)
2,603 796,859 (12,072)
(9,288)
3,313 (15,269)
(3)
763,540
Other fixtures, toolsand furniture 521,842 (1,791)
12,169 (10,688)
1,421
522,953 (26,982)
(4,362)
15,704 (25,004)
2,477 484,786
Other fixed assets
2,685
(5)
42
(1,071)
-
1,651
-
(41)
246
(598)
-
1,258
Fixed assets in progress
32,853 (334)
865 (1,363)
(5,523)
26,498
(234)
(161)
5,657
(88)
-
31,672
3,289,543 (8,355)
34,767 (20,715)
-
3,295,240 (148,360)
(36,989)
30,399 (41,866)
2,471
3,100,895
CUMULATIVEDEPRECIATION
Buildings
(269,702)
1,577 (27,385)
325
(344)
(295,529)
9,791
4,109 (25,139)
438
-
(306,330)
Plantand machinery
(464,441)
1,153 (36,850)
5,159
5
(494,974)
5,160
4,808 (39,232) 15,221
2
(509,015)
Other fixtures, tools and furniture (403,761)
925 (30,767)
8,581
(5)
(425,027)
24,417
3,201
(25,109) 24,418
(436)
(398,536)
Other fixed assets
(3,147)
-
(168)
949
344
(2,008)
-
39
(59)
654
-
(1,374)
(1,141,051) 3,670 (95,169) 15,012
-
(1,217,538) 39,368
12,157 (89,539) 40,731
(434) (1,215,255)
Impairment
(51,498)
(107)
(169,722) 1,260
-
(220,067)
-
237
(2,261)
41,071
10,360 (170,660)
NET VALUE VALUE
2,096,994
1,857,635
1,714,980
The “Translation differences” column reflects the effect of changes in the exchange rate used in the conversion of the different tangible fixed asset items.
The most significant movements in this heading during the 2013 and 2012 were as follows
i) The exclusion from the scope of consolidation is due to the sale of the NHGrand Hotel Krasnapolsky (EUR 108.99 million) at the Netherlands business unit.
ii) The most significant additions to this heading during 2013 and 2012 broken down by business units were as follows:
Thousand euros
2013
2012
Spain
5,349
7,375
Italy
7,095
13,010
Germany
9,199
9,447
Benelux
4,359
2,717
Latin America
3,341
1,214
Rest of Europe
1,056
1,004
30,399
34,767
In Spain, themost significant additions in 2013were related to the renovation of theNHEurobuilding (€2.89million), NHEmbajada (€0.70million), NHPríncipe
de Vergara (€0.60 million), NH Amistad de Córdoba (€0.23 million), NH Plaza de Armas (€0.22 million), NH Suites Prisma (€0.20 million) and NH Canciller
Ayala (€0.18 million), among others.
In Germany, they were related to the renovation of the NH Fürth Nürnberg (€2.23 million), NH Muenchen Dornach (€2.01 million), NH Berlin Mitte (€1.06
million), NHMuenchen amRing (€0.57 million) and NHDusseldorf City (€0.49 million).
In Italy, the renovation of the NH President (€1.06 million), Nhow Milan (€0.64 million), NH Milanofiori (€0.57 million), NH Trieste (€0.44 million), NH
Laguna Palace (€0.36 million), NH Firenze (€0.36 million), NH Vittorio Veneto (€0.25 million), NH Leonardo Da Vinci (€0.21 million), NH Palermo (€0.19
million), NH Ambasciatori (€0.16 million), NH La Spezia (€0.15 million), NH Villa San Mauro (€0.13 million), NH Cavalieri (€0.13 million), NH Plaza (€0.12
million), NHMilano Touring (€0.11 million), in addition to the Valdagno head office (€0.17 million), among others.
REPORT ONTHE CONSOLIDATED FINANCIAL STATEMENTS
76
