2014 Registration Document and Annual Financial Report - page 223

5
Financial Statemements
Consolidated Financial Statements and Notes
Note 23.2 Information about material joint ventures
The following joint ventures have a material impact on the consolidated financial statements:
(8) Société Immobilière d’Exploitation Hôtelière Algérienne (SIEHA), which operates a hotel network in Algeria, mainly under the ibis
brand. Key figures for SIEHA are as follows:
Société Immobilière d’Exploitation Hôtelière Algérienne
(inmillions of euros)
Dec. 2013
Dec. 2014
Revenue
24
24
Net profit (loss)
3
4
Total current Assets
38
45
Total non-current Assets
68
73
Equity (including currency translation reserve)
38
42
Total current Liabilities
27
32
Total non-current Liabilities
41
44
Net cash/(Net debt)
(26)
(28)
Market capitalization
N/A
N/A
Dividends paid by the company to Accor during the period
-
-
% interest held
50.00% 50.00%
(9) Reef Casinos is a resort in Australia comprising a hotel and a casino.
Reef Casinos in Australia
(inmillions of euros)
Dec. 2013
Dec. 2014
Revenue
28
23
Net profit (loss)
3
6
Total current Assets
21
14
Total non-current Assets
25
88
Equity (including currency translation reserve)
40
85
Total current Liabilities
4
11
Total non-current Liabilities
2
7
Net cash/(Net debt)
2
7
Market capitalization
N/A
N/A
Dividends paid by the compagny to Accor during the period
-
3
% interest held
50.00% 50.00%
Note 23.3 Other information about associates and joint ventures
To the best of the Group’s knowledge, there are no material restrictions on the ability of any associate or joint venture to transfer funds to
Accor in the form of cash dividends or to repay any loans or other liabilities.
Adequate provisions have been recorded in the consolidated financial statements for the Group’s liability for part of the losses of associates
or joint ventures where applicable.
Irrevocable purchase commitments received by Accor that relate to associates and joint ventures are described in the note on off-balance
sheet commitments (see Note 41.2).
Registration Document 2014
221
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