2014 Registration Document and Annual Financial Report - page 216

Financial Statemements
Consolidated Financial Statements and Notes
5
Changes in the carrying amount of intangible assets over the period were as follows
(inmillions of euros)
HotelServices HotelInvest
Corporate/
Intercos
Dec. 2014
Dec. 2013
Adjusted
CARRYINGAMOUNT AT BEGINNING OF PERIOD
134
140
7
281
263
Acquisitions
12
1
-
13
24
Internally-generated assets
(1)
19
3
5
27
32
Intangible assets acquired
(2)
2
12
-
14
23
Amortization for the period
(22)
(8)
(3)
(33)
(32)
Impairment losses for the period
-
-
-
-
(2)
Disposals of the period
(2)
(3)
-
(5)
(8)
Translation adjustment
3
-
-
3
(18)
Reclassifications of Assets held for sale (see Note 33)
-
(16)
-
(16)
(3)
Other reclassifications
4
(8)
3
(1)
2
CARRYINGAMOUNT AT END OF PERIOD
150
121
12
283
281
(1) In 2014 and 2013, mainly acquisitions of licenses and software.
(2) In 2014, intangible assets acquired consisted of hotel entrance fees of €12 million recognized during the year (Graff portfolio).
In 2013, intangible assets acquired corresponded to assets recognized following the 2012 acquisition of Grupo Posadas’ hotel network in South America.
The following intangible assets are considered as having an indefinite useful life
(inmillions of euros)
HotelServices HotelInvest
Corporate/
Intercos
Dec. 2014
Dec. 2013
Adjusted
Sebel brand (Australia)
5
-
-
5
4
Other brands and rights with indefinite useful life
-
-
1
1
1
CARRYINGAMOUNT AT END OF PERIOD
5
-
1
6
5
NOTE 21
PROPERTY, PLANT AND EQUIPMENT
Note 21.1 Property, plant and equipment by nature
(inmillions of euros)
HotelServices HotelInvest
Corporate/
Intercos
Dec. 2014
Dec. 2013
Adjusted
Land
5
281
-
286
177
Buildings
42
2,254
-
2,296
1,589
Fixtures
43
1,551
10
1,604
1,545
Equipment and furniture
47
1,331
15
1,393
1,423
Constructions in progress
15
255
4
274
243
PROPERTY, PLANT AND EQUIPMENT, AT COST
152
5,672
29
5,853
4,977
Registration Document 2014
214
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