80
Consolidated comprehensive profit and loss statement
The profit and loss of the discontinued operations shown in the accompanying consolidated profit and loss statement is broken down by company
as follows:
Sotogrande,
S.A.
Capredo
Investments,
GmbH
Sotocaribe,
S.L.
Donnafugata
Resort, S.R.L.
Total
2014
Net turnover and other operating income
22,015
-
-
8,022
30,037
Operating expenses
(14,031)
-
-
(10,382)
(24,413)
Operating profit (loss)
7,984
-
-
(2,360)
5,624
Profit (loss) before tax
(8,117)
(444)
(1,836)
(4,120)
(14,517)
Income tax
1,156
-
-
(242)
914
Profit (loss) for the year from discontinued operations net of tax
(6,961)
(444)
(1,836)
(4,362)
(13,603)
Profit (loss) from the sale of Sotogrande, S.A. (see Note 9)
45,112
-
-
-
45,112
Profit attributed to non-controlling interests
-
-
-
267
267
2013
Net turnover and other operating income
22,825
-
-
5,831
28,656
Operating expenses
(14,171)
-
-
(8,898)
(23,069)
Operating profit (loss)
8,654
-
-
(3,067)
(5,587)
Profit (loss) before tax
1,891
(5,741)
(538)
(5,937)
(10,325)
Income tax
3,695
-
-
(39)
3,656
Profit (loss) for the year from discontinued operations net of tax
5,586
(5,741)
(538)
(5,976)
(6,669)
Profit attributed to non-controlling interests
(115)
-
-
341
226
Cash Flow Statement
The cash flow statement of Donnafugata Resort, S.R.L. is detailed below:
2014
Sotogrande,
S.A.
Donnafugata
Resort, S.R.L.
Operating activities:
Profit (loss) before tax
36,995
(4,120)
Adjustments
(42,701)
2,081
Net variation in assets and liabilities
7,295
4,210
Total net cash flow from operating activities I
1,589
2,171
Finance income
-
495
Disinvestment
176,412
-
Total net cash flow from investment activities II
176,412
495
Financing activities
Interest paid on debts
(429)
(900)
Variation in:
Bank borrowings
(2,054)
-
Total net cash flow from financing activities III
(2,483)
(900)
GROSS INCREASE/DECREASE IN CASH AND CASH EQUIVALENTS (I+II+III)
175,518
1,766
Cash and cash equivalents at the start of the financial year
894
4,256
Cash and cash equivalents at end of year
176,412
6,022
REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
