Company
Net balance at
31.12.12
Assignments
(
Note 11.2)
Profit (Loss)
2013
Currency
translation
diferences
Net balance at
31.12.13
Sotocaribe, S.L.
43,809
-
(538)
(1,330)
41,941
Capredo Investments GmbH
13,897
-
(5,741)
(1,808)
6,348
Varallo Comercial, S.A.
7,058
-
1,918
717
9,693
Inmobiliaria 3 Poniente, S.A. de C.V.
1,918
-
15
(391)
1,542
Palacio de la Merced, S.A.
1,338
-
58
-
1,396
Mil Novecientos Doce, S.A. de C.V.
2,003
-
277
(493)
1,787
Consorcio Grupo Hotelero T2, S.A. de C.V.
196
-
355
(177)
374
Hotelera del Mar, S.A.
-
2,730
131
(2,647)
214
Fonfir1, S.L.
20
-
-
-
20
Residencial Marlin, S.L.
21,190
-
(1,862)
-
19,328
Borokay Beach, S.L.
4,245
-
(2,709)
-
1,536
Los Alcornoques de Sotogrande, S.L.
-
-
-
-
-
Losan Investment Ltd.
-
-
-
-
-
Harrington Hall, Ltd.
-
-
-
-
-
Total
95,674
2,730
(8,095)
(6,130)
84,179
After commencing its activity, the NHGroup consolidated Hotelera del Mar, S.A., reclassifying its balance to “Other non-current financial investments” since 1 January
2013 (
Note 11.2).
Although the NH Group has an ownership interest of 22.33%, it exercises significant influence therein, since it participates in the determination of the distribution/
allocation of its profit/loss.
Grupo NHHoteles’ policy on interests in associate companies consists of the Group ceasing to recognise losses in these companies if the associate’s consolidated losses
attributable to the Group are equivalent to or exceed the cost of its interest in them, provided there are no additional contingencies or guarantees connected with already
incurred losses. This is the case of the ownership interests in Los Alcornoques de Sotogrande, S.L., Harrington Hall Hotel, Ltd. and Losan Investment, Ltd.
The most relevant financial information related to the main ownership interests in joint ventures is detailed in Appendix II to this consolidated annual report.
11.-
NON-CURRENT FINANCIAL INVESTMENTS
11.1
Loans and accounts receivable not available for trading
The breakdown of this item at 31 December 2013 and 2012 is as follows:
Thousand euros
2013
2012
Subordinated loans to companies owning hotels operated by the Group through leases (*)
45,885
44,373
Other collection rights
10,116
11,574
Other loans
16,722
-
Lease advance payments
3,660
22,124
Accounts receivable from joint ventures (Note 28)
5,576
4,921
Loans to associated companies (Note 28) (*)
2,250
2,250
Long-term deposits and surety
15,172
12,052
Others
4,486
4,245
Total
103,867
101,539
*
These loansaccrueanaveragerateof interestofbetween3%and4.89%
REPORT ONTHE CONSOLIDATED FINANCIAL STATEMENTS
79
