26.- INFORMATION BY SEGMENTS

26.1 Information on main segments

The Group divides its activity into the real estate (see Note 11) and hotel segments. Additionally, within the hotel segment, sub-segments are identified by geographic area, which are included in the breakdowns reflected in the consolidated financial statements for information purposes.

The factors taken into account when defining the segments were as follows:

a) They carry on business activities from which they can earn income from ordinary activities and incur expenses (including income from ordinary activities and expenses for transactions with other components of the Group).

b) They obtain operating results that are regularly reviewed by the entity’s highest decision-making authority to decide on the resources to be allocated to the segment and to evaluate its performance.

c) They have different financial information.

The Management Committee is the body responsible for making decisions regarding the Group’s segments. Accordingly, it analyses the Group’s results distinguishing between the aforementioned subsegments.

The breakdown of the segment information required by IFRS 8 is as follows:

	Thousands of Euros
	Hotel Business
	31/12/17							31/12/16
	Total	Spain	Benelux	Italy	Germany	Latin America	Rest of Europe and others	Total	Spain	Benelux	Italy	Germany	Latin America	Rest of Europe and others
OTHER INFORMATION
Additions of fixed assets	113.811	63.826	13.071	8.649	21.529	6.624	112	138.846	44.674	45.811	24.190	15.220	8.752	199
Depreciation	(123.085)	(39.812)	(20.234)	(33.536)	(18.495)	(8.498)	(2.510)	(114.170)	(36.511)	(19.047)	(24.894)	(23.018)	(8.007)	(2.693)
Net profit (loss) for asset deterioration	10.108	3.319	(783)	9.471	(2.020)	-	121	(2.686)	(952)	665	(3.367)	925	-	43
BALANCE SHEET
ASSETS
Assets by segments	2.353.119	681.765	577.523	454.217	290.223	348.494	897	2.569.906	738.717	646.954	486.445	303.010	387.198	7.582
Shareholdings in associated companies	9.419	1.366	-	-	-	5.913	2.140	10.646	1.407	-	-	-	6.165	3.074
Non-current assets classified as held for sale	66.621	-	66.621	-	-	-	-	-	-	-	-	-	-	-
Total consolidated assets	2.429.159	683.131	644.144	454.217	290.223	354.407	3.037	2.580.552	740.124	646.957	486.445	303.010	393.363	10.656
LIABILITIES
Liabilities and equity by segments	2.429.159	683.131	644.144	454.217	290.223	354.407	3.037	2.580.552	740.124	646.954	486.445	303.010	393.363	10.656
Total consolidated liabilities and equity	2.429.159	683.131	644.144	454.217	290.223	354.407	3.037	2.580.552	740.124	646.954	486.445	303.010	393.363	10.656

	Thousands of Euros
	Real estate
	31/12/17							31/12/16
	Total	Spain	Benelux	Italy	Germany	Latin America	Rest of Europe and others	Total	Spain	Benelux	Italy	Germany	Latin America	Rest of Europe and others
OTHER INFORMATION
Additions of fixed assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net profit (loss) for asset deterioration	-	-	-	-	-	-	-	-	-	-	-	-	-	-
BALANCE SHEET
ASSETS
Assets by segments	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholdings in associated companies	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-current assets classified as held for sale	42.545	-	-	-	-	33.556	8.989	46.685	-	-	-	-	34.556	12.129
Total consolidated assets	42.545	-	-	-	-	33.556	8.989	46.685	-	-	-	-	34.556	12.129
LIABILITIES
Liabilities and equity by segments	42.545	-	-	-	-	33.556	8.989	46.685	-	-	-	-	34.556	12.129
Total consolidated liabilities and equity	42.545	-	-	-	-	33.556	8.989	46.685	-	-	-	-	34.556	12.129

	Thousands of Euros
	Total
	31/12/17							31/12/16
	Total	Spain	Benelux	Italy	Germany	Latin America	Rest of Europe and others	Total	Spain	Benelux	Italy	Germany	Latin America	Rest of Europe and others
OTHER INFORMATION
Additions of fixed assets	113.811	63.826	13.071	8.649	21.529	6.624	112	138.846	44.674	45.811	24.190	15.220	8.752	199
Depreciation	(123.085)	(39.812)	(20.234)	(33.536)	(18.495)	(8.498)	(2.510)	(114.170)	(36.511)	(19.047)	(24.894)	(23.018)	(8.007)	(2.693)
Net profit (loss) for asset deterioration	10.108	3.319	(783)	9.471	(2.020)	-	121	(2.686)	(952)	665	(3.367)	925	-	43
BALANCE SHEET
ASSETS
Assets by segments	2.353.119	681.765	577.523	454.217	290.223	348.494	897	2.569.906	738.717	646.954	486.445	303.010	387.198	7.582
Shareholdings in associated companies	9.419	1.366	-	-	-	5.913	2.140	10.646	1.407	-	-	-	6.165	3.074
Non-current assets classified as held for sale	109.166	-	66.621	-	-	33.556	8.989	46.685	-	-	-	-	34.556	12.129
Total consolidated assets	2.471.704	683.131	644.144	454.217	290.223	387.963	12.026	2.627.237	740.124	646.954	486.445	303.010	427.919	22.785
LIABILITIES
Liabilities and equity by segments	2.471.704	683.131	644.144	454.217	290.223	387.963	12.026	2.627.237	740.124	646.954	486.445	303.010	427.919	22.785
Total consolidated liabilities and equity	2.471.704	683.131	644.144	454.217	290.223	387.963	12.026	2.627.237	740.124	646.954	486.445	303.010	427.919	22.785

26.2 Information on secondary segments

The following table shows the breakdown of certain Group consolidated balances in accordance with the geographical distribution of the entities giving rise to them:

	Thousands of Euros (2017)
Significant information from the Profit and loss Stattement by Geographic Area	Spain	Benelux	Italy	Germany	Latin America	Rest of Europe	Total
Revenues	399.600	319.475	275.534	309.318	142.909	99.250	1.546.086
Depreciation	(39.812)	(20.234)	(33.536)	(18.495)	(8.498)	(2.510)	(123.085)
Financial income	971	374	335	647	591	77	2.995
Financial expenses	(63.931)	3.911	(3.367)	(6.225)	(5.476)	(1.659)	(76.747)
Profit (loss) from entities valued throught the equity method	(42)	-	-	-	454	(761)	(349)
Vatiarion in the provision for onerous contracts	4.496	-	-	439	-	(719)	4.216
Income tax	(13.216)	(10.453)	(4.780)	(331)	(4.676)	(56)	(33.512)
Profit (loss) for the year from discontinued operations net of tax	-	-	-	-	(186)	(92)	(278)

	Thousands of Euros (2017)
Significant information from the Profit and loss Statement by Geographic Area	Spain	Benelux	Italy	Germany	Latin America	Rest of Europe	Total
Revenues	361.747	276.102	266.412	307.668	136.888	99.086	1.447.903
Depreciation	(36.511)	(19.047)	(24.894)	(23.018)	(8.007)	(2.693)	(114.170)
Financial income	1.100	595	72	919	551	73	3.310
Financial expenses	(55.448)	1.044	(4.810)	(6.365)	(5.036)	(1.689)	(72.304)
Profit (loss) from entities valued throught the equity method	208	-	-	-	687	(776)	119
Vatiarion in the provision for onerous contracts	4.862	-	840	477	-	(2.016)	4.163
Income tax	490	(6.433)	1.478	1.649	(4.906)	(213)	(7.935)
Profit (loss) for the year from discontinued operations net of tax	-	-	-	-	(2.115)	(159)	(2.274)