2014 Registration Document and Annual Financial Report - page 217

5
Financial Statemements
Consolidated Financial Statements and Notes
(inmillions of euros)
HotelServices HotelInvest
Corporate/
Intercos
Dec. 2014
Dec. 2013
Adjusted
Buildings
(9)
(567)
-
(576)
(527)
Fixtures
(28)
(862)
(5)
(895)
(833)
Equipment and furniture
(36)
(949)
(7)
(992)
(985)
Constructions in progress
-
(4)
-
(4)
(3)
TOTAL OF DEPRECIATION
(73)
(2,382)
(12)
(2,467)
(2,348)
Land
(1)
(10)
-
(11)
(10)
Buildings
-
(117)
-
(117)
(116)
Fixtures
-
(59)
-
(59)
(62)
Equipment and furniture
-
(32)
-
(32)
(36)
Constructions in progress
-
(10)
-
(10)
(9)
TOTAL OF IMPAIRMENT LOSSES
(1)
(228)
-
(229)
(233)
ACCUMULATED DEPRECIATION
AND IMPAIRMENT LOSSES
(74)
(2,610)
(12)
(2,696)
(2,581)
(inmillions of euros)
HotelServices HotelInvest
Corporate/
Intercos
Dec. 2014
Dec. 2013
Adjusted
Land
4
271
-
275
167
Buildings
33
1,570
-
1,603
946
Fixtures
15
630
5
650
650
Equipment and furniture
11
350
8
369
402
Constructions in progress
15
241
4
260
231
PROPERTY, PLANT AND EQUIPMENT, NET
78
3,062
17
3,157
2,396
Changes in the carrying amount of property, plant and equipment during the period were as follows:
(inmillions of euros)
HotelServices HotelInvest
Corporate/
Intercos
Dec. 2014
Dec. 2013
Adjusted
NET CARRYINGAMOUNT
AT BEGINNING OF PERIOD
64
2,317
15
2,396
2,542
Property, plant and equipment acquired
(1)
-
1,000
-
1,000
54
Capital expenditure
(2)
24
378
4
406
366
Depreciation for the period
(12)
(270)
(2)
(284)
(293)
Impairment losses for the period recognized
in impairment losses or in net loss from discontinued
operations (see Note 14.2 and Note 18)
-
(52)
-
(52)
(80)
Translation adjustment
3
12
-
15
(89)
Disposals for the period
(1)
(86)
-
(87)
(118)
Reclassification of assets held for sale (see Note 33)
-
(294)
-
(294)
13
Other reclassifications
(3)
-
57
-
57
1
NET CARRYINGAMOUNT AT END OF PERIOD
78
3,062
17
3,157
2,396
(1) At December 31, 2014, property, plant and equipment acquired correspond mainly to Moor Park portfolio for €704 million, Axa Real Estate portfolio for €180 million
and Tritax portfolio for €89 million (see Note 3.B.1 to 3.B.3).
In 2013, the €54 million in property, plant and equipment acquired corresponded to the allocation of the purchase price of Grupo Posadas.
(2) At December 31, 2014, capital expenditure included refurbishment work for €233 million, for the most part in France, Germany and the United Kingdom, as well as new
buildings for €173 million for the most part in Germany and in the United Kingdom.
Capital expenditure in 2013 included refurbishment work for €232 million, for the most part in France, Germany and the United Kingdom, as well as new buildings
for €134 million including the acquisition of a €28 million plot of land in the Canary Wharf district of London, United Kingdom, for the construction of a Novotel unit.
(3) Other reclassifications at December 31, 2014 mainly concern the reclassification of the deposit paid in 2011 for the exercise of Accor’s pre-emptive right to acquire
the building housing the Sofitel Rio de Janeiro Copacabana.The deposit was reclassified to property and equipment following a May 2014 court ruling that Accor was
the rightful owner of the property.
At December 31, 2014, contracts totaling €54 million have been signed for the purchase of property, plant and equipment.They are not recognized in the statement
of financial position. At December 31, 2013, contracts totalized €83 million.
Registration Document 2014
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