2013 Registration document and annual financial report - page 232

Registration Document 2013
230
Financial Statemements
5
Consolidated Financial Statements And Notes
(in millions of euros)
Notes
Dec. 2012
Dec. 2013
Australia
2.B.3
212
152
Germany
13.2.A
170
165
Hotels, Latin America – Grupo Posadas’ hotel network in South America
2.B.4
160
100
Upscale and Midscale France
13.2.A
121
115
Economy (France)
67
66
Asia
45
43
Egypt
19
20
Poland
11
11
Switzerland
11
11
The Netherlands
8
7
Ivory Coast
7
6
Other hotels (< €6 million)
9
11
TOTAL HOTELS
840
707
OTHER BUSINESSES
-
-
GOODWILL, NET
840
707
Changes in the carrying amount of goodwill over the period were as follows:
(in millions of euros)
Notes
Dec. 2012
Dec. 2013
CARRYING AMOUNT AT BEGINNING OF PERIOD
712
840
Hotels, Asia Pacific
(a)
20
2
Hotels, Latin America (Grupo Posadas)
(b)
160
-
Hotels, Latin America (Others)
(c)
-
1
Hotels, Germany
(d)
3
-
Goodwill recognized on acquisitions for the period and other increases
183
3
Disposals
(e)
(9)
(30)
Impairment losses
Note 13
(11)
(7)
Translation adjustment
(f)
1
(40)
Reclassifications to Property, Plant and Equipment
(b)
(6)
(60)
Reclassifications to Assets held for sale
Note 32
(3)
3
Other reclassifications and movements
(27)
(2)
CARRYINGAMOUNT AT END OF PERIOD
840
707
(a) In 2012, acquisition of Mirvac by Accor, generating goodwill of €19.7 million in the Accor Group’s accounts at December 31, 2012 (see note 2.B.3). An additional
€1.5 million in goodwill was recorded in 2013, after Accor took over the SeaTemple management contract.
(b) In 2012, the difference between the cost of Grupo Posadas’ hotel network in South America and the book value of the net assets acquired amounted to €160 million.
In 2013, part of the difference (€50 million) was allocated to the assets and liabilities acquired (see note 2.B.4) and €10 million in price adjustments were obtained.
(c) In 2013, acquisition of an additional 21.43% stake in ibis Colombia (50%-owned at December 31, 2012), leading to the recognition of €1 million in goodwill
in the statement of financial position at December 31, 2013.
(d) In 2012, goodwill of €3 million was recognized on a project in Munich for the construction of a Novotel unit and an ibis unit.
(e) In 2013, disposals include the Group’s interest inTAHL, Australia (see note 2.A.1.3), leading to the write-off of net goodwill in the amount of €24.1 million.
(f) In 2013, this amount is due to the fall in the Australian dollar.
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