2014 Registration Document and Annual Financial Report - page 210

Financial Statemements
Consolidated Financial Statements and Notes
5
At December 31, 2013, impairment losses on property, plant and
equipment concerned 136 hotels for €80 million. No impairment
losses were reversed.
Impairment losses were recognized on the Novotel Mississauga
in Canada (€1 million), the Mercure Rosmalen Hertogenbosch
in the Netherlands (€2 million), non-operating assets in Portugal
(€0.2 million) and three ibis hotels in China – Dongguan Dongcheng,
Dongguan Qingxi et Guangzhou Huangshi – (€4 million), based on
the prices offered by potential buyers (level 2 valuation technique
under IFRS 13: see Note 2.R).
NOTE 15
GAINS AND LOSSES ON MANAGEMENT OF HOTEL PROPERTIES
(inmillions of euros)
2013 Adjusted
2014
Disposal gains and losses
78
(14)
Provisions for losses on hotel properties
(10)
3
TOTAL
68
(11)
In 2014, gains and losses on the management of hotel properties
included a €13 million provision to cover estimated losses on the
sale of eight hotels in the Tritax portfolio.
At December 31, 2013, the total mainly included a net gain of
€56 million on the “Sale & Management Back” of Sofitel Paris Le
Faubourg.
NOTE 16
GAINS AND LOSSES ON MANAGEMENT OF OTHER ASSETS
(inmillions of euros)
2013 Adjusted
2014
Disposal gains and losses
-
(26)
Provision movements
(6)
36
Gains and losses on non-recurring transactions
(27)
(92)
TOTAL
(33)
(82)
In 2014, the total mainly included €(41) million in costs mostly
related to a non-recurring transaction indemnity and miscellaneous
fees for €(11) million.
In 2013, the total mainly included €(15) million in costs related to
the ibis Megabrand project.
Registration Document 2014
208
1...,200,201,202,203,204,205,206,207,208,209 211,212,213,214,215,216,217,218,219,220,...332
Powered by FlippingBook