82 REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
8.- PROPERTY, PLANT & EQUIPMENT
The breakdown and movements under this heading during 2015 and 2014 were as follows (in thousands of euros):
Balance at
31/12/2013
Chage in
scope of
consolidation
Currency
translation
differences
Additions Retirements Transfers Balance at
31/12/2014
Chage in
scope of
consolidation
(see Note
2.5.4)
Currency
translation
differences
Additions Retirements Transfers Balance at
31/12/2015
COST
Land and buildings
1,819,639 (50,333)
(3,749) 14,206 (2,913) (118,175) 1,658,675 49,415 (20,215) 23,817 (11,755) 1,627 1,701,564
Plant and machinery 763,540 (4,116)
776 38,136 (24,707) (15,221) 758,408
383
(1,818)
62,925 (35,630) 1,619 785,887
Other fixtures, tools
and furniture
484,786
(214)
595
41,156 (28,742) (27,061) 470,520 3,657
2,069 48,187 (56,270) 1,585 469,748
Other fixed assets
1,258
-
3
268
(44)
(1,143)
342
363
(75)
189
(96)
12
735
Assets under
construction
31,672
-
(129)
11,618 (133) (25,016) 18,012
699
(1,242) 25,805 (191)
(4,843) 38,240
3,100,895 (54,663)
(2,504) 105,384 (56,539) (186,616) 2,905,957 54,517 (21,281) 160,923 (103,942)
-
2,996,174
CUMULATIVE DEPRECIATION
Buildings
(306,330)
7,668
(3,146) (22,354)
848 24,362 (298,952)
(3,852)
1,938 (21,744)
6,731
-
(315,879)
Plant and machinery (509,015)
3,623
1,162 (39,342) 19,806 12,755 (511,011)
39
909 (40,427) 29,733
-
(520,757)
Other fixtures, tools
and funiture
(398,896)
196
101
(25,960) 23,293 15,588 (385,678)
(2,841)
(2,900) (29,054) 54,195
-
(366,278)
Other fixed assets
(1,014)
-
(3)
(126)
42
761
(340)
(370)
58
(142)
128
-
(666)
(1,215,255)
11,487
(1,886) (87,782) 43,989 53,466 (1,195,981)
(7,024)
5 (91,367) 90,787
-
(1,203,580)
Impairment
(170,660)
-
(13)
(7,939) 25,978 49,019 (103,616)
-
(130)
(14,418) 49,735
-
(68,428)
NET BOOK VALUE 1,714,980
1,606,360
1,724,166
Net additions to the year in the column “Changes in the scope of consolidation” comes from the purchase of Hoteles Royal, depreciated due to the
departure of NH Parque de la 93, S.A. (see Note 2.5.4).
The main additions and reductions in 2015 are due to the repositioning plan carried out by the Group, with refurbishments in all Business Units.
The main refurbishments were carried out in hotels such as NH Collection Eurobuilding, NH Collection Abascal, NH Alonso Martínez, NH Collection
Aránzazu, NH Turcosa, NH Collection Gran Hotel and Sanvy (Spain), NH Berlin Mitte, NH München Messe, NH München-Dornach and NH Danube City
(Germany), NH Collection Palazzo Barocci and NH Firenze (Italy), Doelen and City Centre (Benelux) and Mexico City (Latin America).
At 31 December 2015, there were tangible fixed asset elements with a net book value of 697 million euros (686 million euros in 2014) to guarantee
several mortgage loans (see Note 15).
At 31 December 2015 the breakdown of impairment by country is as follows:
Provision
Additions
Spain
21,440
7,699
Italy
42,756
5,634
Germany
2,614
899
Others
1,618
186
Impairment 31/12/2015
68,428
14,418
Additionally it has taken of assets amortizations for the works realized in the hotels by repositioning for amount of 9,415 thousand euros, which have
registered in the epigraph “ Net gains on disposal of assets” of the Condensed consolidated comprehensive profit and loss statement for the year
The Group has taken out insurance policies to cover any possible risks to which the different elements of its tangible fixed assets are subject, and
to cover any possible claims that may be filed against it in the course of its activities. It is understood that such policies sufficiently cover the risks
to which the Group is exposed.
Firm purchase undertakings amounted to 23.54 million euros at 31 December 2015. These investments will be made between 2016 and 2019.
