2014 Registration Document and Annual Financial Report - page 243

5
Financial Statemements
Consolidated Financial Statements and Notes
NOTE 33
ASSETS AND LIABILITIES HELD FOR SALE
Assets and liabilities held for sale break down as follows:
(inmillions of euros)
2013 Adjusted
2014
Onboard Train Services business
24
14
Disposal groups classified as held for sale
21
49
Non-current assets classified as held for sale
16
284
TOTAL ASSETS CLASSIFIEDAS ASSETS HELD FOR SALE
61
347
Onboard Train Services business
(16)
(9)
Liabilities related to Disposal groups classified as held for sale
(10)
(11)
TOTAL LIABILITIES CLASSIFIEDAS LIABILITIES ASSOCIATEDWITHASSETS CLASSIFIED
AS HELD FOR SALE
(26)
(20)
A. OnboardTrain Services
In 2010 and 2012, Accor sold Onboard rail catering businesses
in France, Austria and Portugal and part of the Italian business to
Newrest.
Following the end of the contract with the grantor of the concession
which took place in October 2013 and the ongoing liquidation process
of the Company, the related assets and liabilities remained classified
under “Assets held for sale” and “Liabilities associated with assets
held for sale” at December 31,2014
B. Other assets held for sale
(inmillions of euros)
2013 Adjusted
2014
Disposal group to be sold in China
(1)
21
49
TOTAL DISPOSAL GROUPS CLASSIFIEDAS HELD FOR SALE
21
49
Hotels to be sold in Canada
(2)
9
10
Hotels to be sold in the United Kingdom
(3)
-
29
Land to be sold in Poland
1
2
Hotels to be sold in the Netherlands
(4)
2
81
Hotels to be sold in France
3
1
Hotels to be sold in China
-
7
Hotels to be sold in Germany
(4)
-
125
Hotels to be sold in Swiss
(5)
-
25
Other
1
4
NON-CURRENT ASSETS CLASSIFIEDAS HELD FOR SALE
16
284
In accordance with IFRS 5, these assets are reclassified in the statement of financial position under “Assets held for sale” and measured at the lower of their carrying
amount and fair value less costs to sell.
(1) At December 31, 2014, 15 hotels had been reclassified as “Assets held for sale” for an aggregate carrying amount of €49 million, including 12 hotels held in partnership
with Huazhu (see Note 3.A.2).
(2) In 2012, the Group agreed to sell the Mississauga Novotel in Canada.This hotel is classified in “Assets held for sale” for a carrying amount of €10 million at
December 31, 2014 (€9 million at December 31, 2013).
(3) At December 31, 2014, eight hotels included in theTritax portfolio were reclassified as “Assets held for sale” for an aggregate carrying amount of €29 million.
(4) At December 31, 2014, 29 hotels included in the Moor Park portfolio were reclassified as “Assets held for sale”.They included hotels in the Netherlands and Germany
for aggregate carrying amounts of €81 million and €125 million respectively.
(5) At December 31, 2014, one hotel included in the Axa Real Estate portfolio was reclassified as “Assets held for sale” for a carrying amount of €25 million.
Registration Document 2014
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