2013 Registration document and annual financial report - page 235

Registration Document 2013
233
Financial Statemements
5
Consolidated Financial Statements And Notes
(in millions of euros)
Dec. 2012
Dec. 2013
Buildings
(538)
(535)
Fixtures
(836)
(846)
Equipment and furniture
(953)
(989)
Constructions in progress
(4)
(3)
TOTAL OF DEPRECIATION
(2,331)
(2,373)
Land
(7)
(10)
Buildings
(104)
(116)
Fixtures
(49)
(61)
Equipment and furniture
(29)
(36)
Constructions in progress
(7)
(9)
TOTAL OF IMPAIRMENT LOSSES
(196)
(232)
ACCUMULATED DEPRECIATIONAND IMPAIRMENT LOSSES
(2,527)
(2,605)
(in millions of euros)
Dec. 2012
Dec. 2013
Land
192
167
Buildings
1,057
974
Fixtures
707
664
Equipment and furniture
457
408
Constructions in progress
179
235
PROPERTY, PLANT AND EQUIPMENT, NET
2,592
2,448
Changes in the carrying amount of property, plant and equipment during the period were as follows:
(in millions of euros)
Dec. 2012
Dec. 2013
NET CARRYINGAMOUNT AT BEGINNING OF PERIOD
3,257
2,592
Economy Hotels US business (see note 2.A.1.1)
(605)
-
Other disposals
(89)
(118)
DISPOSALS FOR THE PERIOD
(694)
(118)
Property, plant and equipment of newly acquired companies
(1)
93
59
Capital expenditure
(2)
468
371
Depreciation for the period
(345)
(297)
Impairment losses for the period recognized in impairment losses or in net loss from discontinued
operations (see note 13.2 and note 17)
(123)
(80)
Translation adjustment
17
(94)
Reclassification of assets held for sale (see note 32)
(79)
13
Other reclassifications
(2)
2
NET CARRYINGAMOUNT AT END OF PERIOD
2,592
2,448
(1) In 2012, property, plant and equipment of newly acquired companies correspond mainly to the hotels owned by the Mirvac Group, for €51 million (see note 2.B.3)
and Grupo Posadas’ South American hotel network, for €23 million (see note 2.B.4).
In 2013, the €59 million in property, plant and equipment of newly acquired companies corresponds to the allocation of the purchase price of Grupo Posadas’ hotel
network in South America acquired in 2012 for €54 million (see note 2.B.4) and to the purchase of additional ibis Colombia shares for €5 million.
(2) Capital expenditure in 2012 includes refurbishment work for €256 million, for the most part in France, Germany and the United Kingdom, as well as €212 million for new
buildings, of which €25 million for the exercise of call options in Poland.
Capital expenditure in 2013 includes refurbishment work for €234 million, for the most part in France, Germany and the United Kingdom, as well as new buildings for
€137 million including the acquisition of a €28 million plot of land in the Canary Wharf district of London, United Kingdom, for the construction of a Novotel unit.
At December 31, 2013, contracts totaling €91 million have been signed for the purchase of property, plant and equipment (see note 40).
They are not recognized in the statement of financial position. At December 31, 2012, contracts totalized €101 million.
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