2014 Registration Document and Annual Financial Report - page 205

5
Financial Statemements
Consolidated Financial Statements and Notes
First-half 2013 EBITDA by strategic business and by region was as follows:
(inmillions of euros)
France
Europe
(excl. France/
Mediterranean)
Mediterranean,
Middle East,
Africa
Asia
Pacific
Americas
Worldwide
Structures
(1)
2013
Adjusted
HOTELSERVICES
118
118
23
65
36
52
412
HOTELINVEST
159
223
2
26
37
39 486
CORPORATE & INTERCOS
-
-
-
-
-
(52)
(52)
TOTAL 2013 ADJUSTED
277
341
25
91
73
39
846
(1) “Worldwide Structures” corresponds to revenue (royalties) and costs that are not specific to a single geographic region.
NOTE 9
DEPRECIATION, AMORTIZATION AND PROVISION EXPENSE
Depreciation, amortization and provision expense can be analyzed as follows:
(inmillions of euros)
2013 Adjusted
2014
Depreciation and amortization
(324)
(318)
Provision
(1)
(3)
TOTAL
(325)
(321)
NOTE 10
EBIT BY STRATEGIC BUSINESS AND REGION
(inmillions of euros)
France
Europe
(excl. France/
Mediterranean)
Mediterranean,
Middle East,
Africa
Asia
Pacific Americas
Worldwide
Structures
(1)
2014
2013
Adjusted
HOTELSERVICES
122
110
36 59
32
17
376 380
HOTELINVEST
64
169
(6)
6
19
40 292
197
CORPORATE & INTERCOS
-
-
-
-
-
(66)
(66)
(56)
TOTAL 2014
186
279
30
65
51
(9)
602
TOTAL 2013 ADJUSTED
192
209
(5)
56
51
18
521
(1) “Worldwide Structures” corresponds to revenue (royalties) and costs that are not specific to a single geographic region.
Consolidated EBIT at December 31, 2014 totalled €602 million compared with €521 million at December 31, 2013.
The period on-period increase breaks down as follows:
ƒƒ
Like-for-like growth
+61 m€
+11.7%
ƒƒ
Business expansion (owned and leased hotels only)
+14 m€
+2.8%
ƒƒ
Currency effects
(2) m€
(0.4)%
ƒƒ
Disposals
+8 m€
+1.5%
INCREASE IN 2014 EBIT
+81 m€
+15.6%
Registration Document 2014
203
1...,195,196,197,198,199,200,201,202,203,204 206,207,208,209,210,211,212,213,214,215,...332
Powered by FlippingBook