2013 Registration document and annual financial report - page 173

Registration Document 2013
171
2013 Review of the Year
4
Financial review
Business volume in the hotel operations corresponds to the
aggregate of:
ƒƒ
total revenue generated by owned and leased hotels;
ƒƒ
total revenue generated by managed hotels;
ƒƒ
total accommodation revenue generated by franchised hotels.
As Accor does not receive all of the above revenues, the business
volume indicator cannot be reconciled with the indicators presented
in the consolidated financial statements.
However, it does provide a yardstick to measure growth in the
Accor network, making it a key indicator for management.
P&L Performance for 2013 was as follows:
2012 2013
2012 2013
2012 2013
2012 2013
2012 2013
Gross Revenue
11,095 11,423
N/A N/A 4,943 4,761
152 127 11,247 11,550
o/w Revenue
(1)
665 670
339 399 4,943 4,761 (298)
(295)
5,649 5,535
EBITDAR
Contributive margin
350
52.6%
358
53.4%
1
0.4%
9
2.4%
1,437
29.1%
1,374
28.9%
0
N/A
18
N/A
1,788
31.7%
1,759
31.8%
EBIT
EBIT margin
350
52.6%
341
50.9%
1
0.4%
(3)
(0.7)%
229
4.6%
219
4.6%
(54)
N/A
(21)
N/A
526
9.3%
536
9.7%
(1) Including fees from owned and leased hotels.
Manager
& franchisor
(1)
Sales
& Marketing
Funds
(1)
Owned
& Leased
Not allocated
platform
& intercos
Total
1...,163,164,165,166,167,168,169,170,171,172 174,175,176,177,178,179,180,181,182,183,...344
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