81
2013
Sotogrande,
S.A.
Donnafugata
Resort, S.R.L.
Operating activities:
Profit (loss) before tax
1,891
(5,937)
Adjustments
7,065
2,636
Net variation in assets and liabilities
(5,450)
8,198
Total net cash flow from operating activities I
3,506
4,897
Finance income
72
5
Investment
(2,464)
-
Disinvestment
1,253
-
Total net cash flow from investment activities II
(1,139)
5
Financing activities
Interest paid on debts
(1,419)
(891)
Variation in:
Bank borrowings
(294)
-
Total net cash flow from financing activities III
(1,713)
(891)
GROSS INCREASE/DECREASE IN CASH AND CASH EQUIVALENTS (I+II+III)
653
4,011
Cash and cash equivalents at the start of the financial year
241
245
Cash and cash equivalents at end of year
894
4,256
10.- INVESTMENTS VALUED USING THE EQUITY METHOD
The movements under this heading of the consolidated balance sheet during 2014 and 2013 were as follows:
Company
Net
balance at
31/12/12
Transfers Profit (Loss)
2013
Currency
translation
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
REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
