This document was published on recycled paper and is also available in electronic format on our web page
where detailed information on the different sections of the Annual Report 2015 can be found.
ANNUAL REPORT 2015
CONSOLIDATED FINANCIAL STATEMENTS AND MANAGEMENT REPORT
Translation of Consolidated Financial Statements and Consolidated Management Report originally issued in Spanish and prepared in accordance
with IFRS’s as adopted by the European Union. In the event of a discrepancy, the Spanish-language version prevails.
NH Collection Mexico City Reforma
Mexico City, Mexico