2013 Registration document and annual financial report - page 307

Registration Document 2013
305
FINANCIAL STATEMENTS
Parent Company Financial Statements and Notes
5
Statutory training entitlement (DIF)
In accordance with Recommendation 2004F issued by the Urgent Issues Task Force of the French National Accounting Board, Accor did
not set aside any provisions relating to employees’ statutory training entitlement in its 2013 financial statements.
At December 31, 2013 Accor employees had accumulated a total of 83,368 training hours under this entitlement.
NOTE
21 FINANCIAL INCOME AND EXPENSES
(in millions of euros)
2012
2013
Dividends received from subsidiaries
202
145
Interest received on intragroup loans and receivables
15
9
INCOME FROM INVESTMENTS IN SUBSIDIARIES AND AFFILIATES
217
154
INCOME FROM INVESTMENT SECURITIES AND LONG-TERM LOANS
-
-
Interest on current accounts
10
7
Interest on marketable securities
12
11
Interest on bank deposits
5
3
Interest on interest rate swaps
-
-
Interest on currency swaps
1
1
Other
1
1
OTHER INTEREST INCOME
29
23
Reversals of provisions for shares in subsidiaries and affiliates
42
59
Reversals of provisions for loans and advances to subsidiaries and affiliates
8
16
Reversals of provisions for other receivables
9
26
Reversals of provisions for contingencies and charges
3
13
Expense transfers
3
-
REVERSALS OF PROVISIONS FOR FINANCIAL ITEMS
65
114
FOREIGN EXCHANGE GAINS
42
9
Financial income
353
300
Interest on bonds
(81)
(86)
Interest on bank borrowings
(9)
(5)
Interest on other borrowings
(54)
(38)
Interest on interest rate swaps
(8)
(6)
Interest on currency swaps
(2)
(1)
Other
(11)
(9)
INTEREST EXPENSE
(165)
(145)
Additions to provisions for shares in subsidiaries and affiliates
(697)
(70)
Additions to provisions for loans
(46)
(6)
Additions to provisions for current assets
(10)
(12)
Amortization of bond issue premiums
(1)
(1)
Additions to provisions for contingencies and charges
(31)
(10)
AMORTIZATION AND PROVISIONS – FINANCIAL ASSETS
(785)
(99)
FOREIGN EXCHANGE LOSSES
(43)
(10)
Financial expenses
(993)
(254)
NET FINANCIAL INCOME (EXPENSE)
(640)
46
1...,297,298,299,300,301,302,303,304,305,306 308,309,310,311,312,313,314,315,316,317,...344
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