110 REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
Financial expenses accrued from financing agreements with credit institutions that are major shareholders of the Parent Company amounted to 1,167
thousand euros in 2015 (8,137 thousand euros in 2014).
The heading “Management or cooperation agreements” includes the amounts that have accrued in the form of management fees payable to the
NH Hoteles Group during the period of 2015 by virtue of the hotel management agreement signed with Grupo Inversor Hesperia, S.A. It also states
earned income reflected in contracts with partners.
Other Financing agreements:
Thousands of euros
2015
"
2014
Loans to associates
Consorcio Grupo Hotelero T2, S.A. de C.V.
672
-
Sotocaribe, S.L.
4,820
3,445
Total
5,492
3,445
Other operations
By virtue of the contractual relationship entered into with Grupo Inversor Hesperia, S.A., at 31 December 2015, 3.81 million euros had not yet been
received for various reasons, of which 2.62 million euros were due on said date. At 31 December 2015 the net balance recognised in relation to Grupo
Inversor Hesperia, S.A. came to 2 million euros (2.96 million euros at 31 December 2014).
26.- INFORMATION BY SEGMENTS
The information by segments is primarily structured around the Group different business lines, and secondarily according to geographical distribution.
Main segments – Business
On 14 November 2014, the NH Group sold the main share of its property business and reclassified as “Non-current assets held for sale and discontinued
operations” the non-strategic assets involved in a divestment process with firm sale plans (see Note 11).
At 31 December 2015, the NH Group focuses its operations on the hotel business, which constitutes the basis upon which the Group presents the
information on its main segment.
The Group does not include its catering operations as a main segment because it cannot be separated from the accommodation activity; both
together constitute a single business, the hotel business.
Secondary segments – Geographical
The Group’s operations are located in Spain, the Benelux, Germany, Italy, the rest of Europe, South America and the rest of the world.
The information by segments set out below is based on the reports drawn up by NH Group and is generated through a computer application which
categorises transactions by business lines and geography.
Ordinary revenues of the segment correspond to revenue directly attributable to the segment plus the relevant proportion of the Group’s general
income that can be distributed to it using fair rules of distribution. The ordinary revenues of each segment do not include interest income and
dividends, gains on the disposal of investments or proceeds from debt redemption or extinguishment, or share of results of associates.
The assets and liabilities of the segments are those which are directly connected with the segments’ operations.
The information by segments of these operations is presented below.
26.1 Information on main segments
This section breaks down information on main segments relating only to the Group’s consolidated balance, given the reclassification of property
business balances in the comprehensive consolidated income statement under “Profit (Loss) for the Year from Discontinued Operations Net of Tax”,
applying International Financial Reporting Standard 5 “Non-current Assets held for sale and discontinued operations”, detailed in Note 11.
