2014 Registration Document and Annual Financial Report - page 169

5
Consolidated Financial Statements and Notes
Financial Statemements
5.2. CONSOLIDATED FINANCIAL STATEMENTS
AND NOTES
5.2.1. CONSOLIDATED INCOME STATEMENTS
(inmillions of euros)
Notes 2013 Adjusted*
2014
CONSOLIDATED REVENUE
4
5,425
5,454
Operating expense
5
(3,694)
(3,682)
EBITDAR
6
1,731
1,772
Rental expense
7
(885)
(849)
EBITDA
8
846
923
Depreciation, amortization and provision expense
9
(325)
(321)
EBIT
10
521
602
Net financial expense
11
(90)
(52)
Share of profit of associates after tax
12
11
28
OPERATING PROFIT BEFORE TAX AND NON RECURRING ITEMS
442
578
Restructuring costs
13
(132)
(11)
Impairment losses
14
(89)
(55)
Gains and losses on management of hotel properties
15
68
(11)
Gains and losses on management of other assets
16
(33)
(82)
OPERATING PROFIT BEFORE TAX
256
419
Income tax expense
17
(120)
(175)
PROFIT FROM CONTINUING OPERATIONS
136
244
Net Profit or Loss from discontinued operations
18
1
(4)
NET PROFIT OR LOSS
137
240
Net Profit, Group Share from continuing operations
125
227
Net Profit or Loss, Group Share from discontinued operations
1
(4)
Net Profit or Loss, Group Share
126
223
Net Profit, Minority interests from continuing operations
11
17
Net Profit or Loss, Minority interests from discontinued operations
0
-
Net Profit, Minority interests
11
17
Weighted average number of shares outstanding
(in thousands)
26
227,613
230,232
Earnings per share
(in euro)
0.55
0.97
Diluted earnings per share
(in euro)
26
0.55
0.96
Earnings per share from continuing operations
(in euro)
0.55
0.99
Diluted earnings per share from continuing operations
(in euro)
0.55
0.98
Earnings per share from discontinued operations
(in euro)
0.00
(0.02)
Diluted earnings per share from discontinued operations
(in euro)
0.00
(0.02)
* The financial statements have been restated to exclude the impact of the January 1, 2014 adoption of IFRS 11 – Joint Arrangements, which has been applied
retrospectively to all periods presented (see Note 2 for explanations and impacts).
Income statement indicators are explained in Note 2.S.
Registration Document 2014
167
1...,159,160,161,162,163,164,165,166,167,168 170,171,172,173,174,175,176,177,178,179,...332
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