16.3
Equity valuation adjustments
Cash flow hedges
This consolidated balance sheet item reflects the net changes in the value of financial derivatives designated as cash flow hedging instruments (Note 4.7.3).
Movements in the balance of this item during 2013 and 2012 are shown below:
Thousand euros
2013
2012
Opening balance
(5,690)
(376)
Retirements
5,690
376
Additions
-
(5,690)
Ending balance
-
(5,690)
In 2013 a loss amounting to EUR 5,650 thousand attributable to the consolidated statement of changes in equity at 2012 year-end corresponding to an adjustment made
in relation to the cash flow hedging relationships of IRSs and collars.
16.4
Treasury shares
At 2013 year-end, NH Hoteles held 9,062,741 treasury shares (1,937,517 shares at 2012 year-end) representing 2.94% of its share capital amounting to EUR 38,115
thousand (2012 year-end: EUR 11,590 thousand).
Of the total number of treasury shares, on 4 November 2013, the Spanish National Securities Market Commission (CNMV) was notified of the loan of 9,000,000 of
shares to the three financial institutions involved in the placement of the bonds convertible or exchangeable for shares of NH Hoteles, S.A. amounting to EUR 250
million. The purpose of this loan was to allow said financial entities to offer the shares to subscribers to the bonds requesting them (Note 17).
16.5
Minority interests
The movements in this heading in 2013 and 2012 are summarised below:
Thousand euros
2013
2012
Opening balance
159,158
204,650
Comprehensive profit (loss) attributed to minority interests
(289)
(44,568)
Changes in percentage stakes
(3,875)
(58)
Dividends paid to minority interests
(1,466)
-
Other movements
(527)
(1,057)
Ending balance
153,001
159,158
In 2013 the acquisition of 25% of the share capital of Coperama Servicios a la Hostelería, S.L. for EUR 3,875 thousand and the capital increase not subscribed by the
non-controlling interests of Donnafugata Resorts, S.r.l. was recognised under “Change in Proportion of Ownership Interest” (Note 2.5.5).
The “Dividends paid to minority interests” item basically reflects the dividends paid out in 2013 to the following companies: NHMarín, S.A. for EUR 275 thousand and
Latinoamericana de Gestión Hotelera, S.A. for EUR 1,191 thousand.
REPORT ONTHE CONSOLIDATED FINANCIAL STATEMENTS
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