105
Other Financing agreements:
€Thousand
2014
2013
Accounts receivable from joint operations:
Los Alcornoques de Sotogrande, S.L.
-
5,576
Other accounts receivable from joint operations
-
478
Loans to associated companies
Harrington Hall Hotel, Ltd.
-
5,962
Sotocaribe, S.L.
3,445
2,744
Total
3,445
14,760
The balance receivable from Los Alcornoques de Sotogrande, S.L., one of the Group’s joint ventures following the sale of a plot of land in 2008, was
entered under the heading “Accounts receivable from joint ventures: Los Alcornoques de Sotogrande, S.L.”. This account was included in the assets
of Sotogrande, S.A. transferred on 16 October 2014.
The subordinated loan of €2,250 thousand granted by the Group to Harrington Hall Hotel Ltd. to refinance the entity’s financial debt prior to its
acquisition is entered under “Loans to associates- Harrington Hall Hotel Ltd.”. This loan was repaid on 12 August in the context of the sale of the
Group’s stake in Harrington Hall, Ltd.
Other operations
By virtue of the contractual relationship entered into with Grupo Inversor Hesperia, S.A., at 31 December 2014, €3.38 million had not yet been
received for various reasons, of which €2.02 million were due on said date. At 31 December 2014 the net balance recognised in relation to Grupo
Inversor Hesperia, S.A. came to €2.96 million (31 December 2013: €1.52 million).
€Thousand
31/12/13
Income and Expenses
Significant
Shareholders
Directors
and Senior
Management
Group Persons,
Companies or
Entities
Total
Expenses:
Finance costs
13,839
-
-
13,839
Management or cooperation agreements
-
-
-
-
R&D transfers and licence agreements
-
-
-
-
Lease rentals
9,366
-
-
9,366
Reception of services
-
-
-
-
Purchase of goods (finished or in-progress)
-
-
-
-
Write-downs for bad debts and doubtful accounts
-
-
-
-
Losses due to retirement or disposal of assets
-
-
-
-
Other expenses
1,238
-
-
1,238
24,443
-
-
24,443
Income:
Finance income
-
31
-
31
Management or cooperation agreements
5,337
-
-
5,337
R&D transfers and licence agreements
-
-
-
-
Dividends received
-
-
-
-
Lease rentals
-
-
-
-
Provision of services
-
-
(1,536)
(1,536)
Sale of goods (finished or in-progress)
-
-
-
-
Gains on retirement or disposal of assets
-
-
-
-
Other income
-
-
-
-
5,337
31
(1,536)
3,832
REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
