Square metres
2013
2012
Offices
219
219
Sports centre
11,215
11,215
Terrazas del Marlin
2,778
2,778
Educational centre
-
5,445
14,212
19,657
The fair value of the Group’s property investments at 31 December 2013, calculated on the basis of appraisals made by American Appraisal España, S.L. on 18 October
2013
using comparative market analysis amounted to EUR 2,958 thousand (31 December 2012: EUR 10,495 thousand), approximately. The valuer’s report does not
include any warning or limitation that could affect the appraisal.
In 2013 the rental income from the Group’s property investments amounted to EUR 479 thousand (2012: EUR 390 thousand). Moreover, the direct operating expenses
arising on the investment property amounted to EUR 39 thousand (2012: EUR 37 thousand).
At 2013 year-end there were no restrictions on making new investment property investments, on the collection of rental income therefrom or in connection with the
proceeds to be obtained from the potential disposal thereof.
The Group has taken out insurance policies to cover any possible risks to which the different elements of its real estate investments are subject, as well as to cover any
possible claims that may be filed against it in the course of its activities. It is understood that such policies sufficiently cover the risks to which the Group is exposed.
10.-
INVESTMENTS VALUED USING THE EQUITYMETHOD
The movements under this heading of the consolidated balance sheet during 2013 and 2012 were as follows:
Company
Net balance at
31.12.11
Additions
Assignments
Profit (Loss)
2012
Currency
translation
diference
Net balance at
31.12.12
Sotocaribe, S.L.
43,513
-
-
(480)
776
43,809
Capredo Investments GmbH
17,031
-
-
(3,039)
(95)
13,897
Varallo Comercial, S.A.
8,099
376
-
(947)
(470)
7,058
Inmobiliaria 3 Poniente, S.A. de C.V.
1,879
-
(171)
138
72
1,918
Palacio de la Merced, S.A.
1,322
-
-
16
-
1,338
Mil Novecientos Doce, S.A. de C.V.
1,708
-
171
46
78
2,003
Consorcio Grupo Hotelero T2, S.A. de C.V.
155
-
-
34
7
196
Fonfir1, S.L.
20
-
-
-
-
20
Residencial Marlin, S.L.
22,860
-
-
(1,670)
-
21,190
Borokay Beach, S.L.
4,405
-
-
(160)
-
4,245
Los Alcornoques de Sotogrande, S.L.
9
-
-
(9)
-
-
Losan Investment Ltd.
-
-
-
-
-
-
Harrington Hall, Ltd.
-
-
-
-
-
-
Total
73,727
376
-
(6,071)
368
95,674
REPORT ONTHE CONSOLIDATED FINANCIAL STATEMENTS
78
