2014 Registration Document and Annual Financial Report - page 224

Financial Statemements
Consolidated Financial Statements and Notes
5
NOTE 24
OTHER FINANCIAL INVESTMENTS
(inmillions of euros)
2013 Adjusted
2014
Investments in non-consolidated companies (Available for sale financial assets)
118
93
Deposits (Loans and Receivables)
120
70
OTHER FINANCIAL INVESTMENTS, AT COST
238
163
Accumulated impairment losses
(64)
(34)
OTHER FINANCIAL INVESTMENTS, NET
174
129
Accumulated impairment losses relate almost entirely to investments in non-consolidated companies.
Other financial investments break down as follows:
(inmillions of euros)
2013 Adjusted
2014
Pullman Tour Eiffel receivable
20
21
A-HTrust (Singapore investment fund)
19
20
Deposit paid following the claim under the loan guarantee issued to the owner of
the Los Angeles Sofitel
19
19
Stone (French property company)
11
11
Deposit for hotels in France sold in 2008
10
10
Deposit for the purchase of the Sofitel Rio de Janeiro
(1)
47
-
Other investments and deposits
48
48
OTHER FINANCIAL INVESTMENTS, NET
174
129
(1) The decrease between December 31, 2013 and December 31, 2014 is due to the reclassification to property, plant and equipment of the deposit paid in 2011 in
preparation for Accor’s exercise of its pre-emptive right to purchase the building occupied by the Sofitel Rio de Janeiro Copacabana following the court decision of
May 2014 that gives ownership of the hotel to Accor.
At December 31, 2014, the fair value reserve for assets classified as available-for-sale amounts to €(5) million (see Note 27), and amounted
to €(4) million at December 31, 2013.
NOTE 25
RECEIVABLES AND PAYABLES
Note 25.1 Trade receivables and related provision
(inmillions of euros)
2013 Adjusted
2014
Gross value
413
455
Provisions
(34)
(38)
NET
379
417
Provisions for impairment in value of trade receivables correspond to numerous separate provisions, none of which are material. Past-due
receivables are tracked individually and regular estimates are made of potential losses in order to increase the related provisions if and
when required. Past-due receivables not covered by provisions are not material.
Registration Document 2014
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