2013 Registration document and annual financial report - page 280

Registration Document 2013
278
Financial Statemements
5
Consolidated Financial Statements And Notes
NOTE
42 ADDITIONAL INFORMATION ABOUT JOINTLY-CONTROLLED ENTITIES
(in millions of euros)
Current
assets
Non-current
assets
Current
liabilities
Non-current
liabilities
(excluding
shareholders’
equity and
minority
interests)
Revenue for the
Group
Costs for the
Group
Reef Casinos
7
25
(10)
42
22
(19)
Adagio
17
12
27
2
28
(27)
Société d’Exploitation des
Résidences Hôtelières Rail
10
0
5
5
43
(39)
Société Immobilière d’Exploitation
Hôtelière Algérienne
8
16
4
20
12
(11)
ibis Colombie
1
7
1
7
4
(4)
The above figures correspond to Group share. Accor has not incurred any material contingent liabilities or entered into any binding capital
commitments in relation to these investments.
NOTE
43 RELATED PARTYTRANSACTIONS
For the purpose of applying IAS 24, the Group has identified the
following related parties:
ƒƒ
all fully and proportionately consolidated companies and all
associated companies accounted for by the equity method;
ƒƒ
all members of the Executive Committee and the Board of
Directors and the members of their direct families;
ƒƒ
all companies in which a member of the Executive Committee
or the Board of Directors holds material voting rights;
ƒƒ
companies that exercises significant influence over Accor;
ƒƒ
fully or proportionately consolidated companies by a company
that exercise significant influence over Accor.
Fully and proportionately consolidated
companies and all associated companies
accounted for by the equity method.
Relationships between the parent company and its subsidiaries,
joint ventures and associates are presented in Note 41.Transactions
between the parent company and its subsidiaries – which constitute
related party transactions – are eliminated in consolidation and are
therefore not disclosed in these notes. Transactions between the
parent company and its joint ventures and associates were not
material in 2012 and 2013.
Members of the Executive Committee
and the Board of Directors
Transactions with members of the Executive Committee and
Board of Directors are disclosed in full in Note 44. Commitments
towards members of the Executive Committee and the Board of
Directors, and direct or indirect agreements with one or several
Board members are described in the Auditors’ special report
on related party agreements included in Section III of the 2013
Registration Document.
Companies in which a member of the Executive
Committee or the Board of Directors holds
material voting rights.
All transactions with companies in which a member of the Executive
Committee or the Board of Directors holds material voting rights
are conducted in the course of business on arm’s length terms
and are not material.
Companies that exercises significant influence
over Accor
Colony Capital and Eurazeo, acting in concert, together exercise
significant influence over Accor through their shareholders’ pact
(see Note 2.C). Transactions between the parent company and
Eurazeo and Colony Capital were not material in 2012 and 2013.
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