The breakdown of the “Other non-current liabilities” item in the accompanying consolidated balance sheets, at 31 December 2018 and 2017, is as follows:

At 31 December 2018 and 2017, the line item “Capital subsidies” basically included subsidies received for hotel renovations, broken down by country as follows:

At 31 December 2018, the Directors of the Parent Company considered that all the requirements stipulated for such subsidies had been fulfilled and therefore deemed them as non-reimbursable.