2014 Registration Document and Annual Financial Report - page 297

5
Financial Statemements
Parent Company Financial Statements and Notes
(inmillions of euros)
Dec. 31, 2013
Dec. 31, 2014
COMMITMENTS RECEIVED (ASSETS)
Non-cancelable commitments received for the purchase of financial assets
-
-
PURCHASE COMMITMENTS RECEIVED
-
-
Commitments given for refurbishment works - Pullman Paris Tour Eiffel
(8)
10
1
WORKS COMMITMENTS RECEIVED
10
1
Guarantees for confirmed credit lines
-
-
Guarantees received
-
-
Other commitments received
-
-
OTHER FINANCIAL GUARANTEES FOR BORROWINGS
-
-
TOTAL COMMITMENTS RECEIVED
10
1
(8) As part of the refinancing operation launched in 2012 concerning the Pullman ParisTour Eiffel, Accor undertook to carry out refurbishment works at the hotel
in the capacity of property developer and the investor undertook to purchase the resulting fixed assets for €47 million. At December 31, 2014, the outstanding amount
of the investor’s commitments stood at €1.4 million.
NOTE 27
SUBSEQUENT EVENTS
As part of the process to reorganize its Central and Eastern European
operations, Accor submitted an offer to Orbis that would deepen their
existing partnership by making the Polish company its management
platform for Central and Eastern Europe.
In this offer Accor proposed that Orbis acquire its operating
subsidiaries in the region.
The offer was approved by Orbis’ Supervisory Board in November 2014
and the deal closed on January 7, 2015.
Registration Document 2014
295
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