Consolidated Financial Statements and Consolidated Management ...

28.2. Information on secondary segments
The following table shows the breakdown of certain of the Group’s consolidated balances in accordance with the geographic distribution of the entities
giving rise to them:
Miles de Euros
Net turnover
Total assets
Inclusions of tangible fixed assets
and intangible assets
2011 2010 2011 2010 2011 2010
Spain 365,167 348,021 984,578 1,122,876 18,321 21,223
Benelux 302,750 291,558 678,229 686,857 14,649 11,024
Italy 274,877 281,921 836,368 929,352 12,284 32,819
Germany 253,842 232,168 331,969 296,674 243,756 11,535
Latin America 66,278 62,227 213,250 254,382 7,942 9,896
Rest of Europe 68,072 66,045 30,376 30,756 1,379 1,348
Total 1,330,986 1,281,940 3,074,770 3,320,897 298,331 87,845
29. REMUNERATION AND OTHER STATEMENTS MADE BY THE BOARD
OF DIRECTORS AND SENIOR MANAGEMENT
The amounts due in 2011 and 2010 to the members of the Parent Company’s bodies of governance, Board of Directors (13 members, 15 in 2010), Audit and
Control Committee (4 members) and Appointments and Remuneration Committee (3 members), for the remuneration of the Executive Director, attendance
fees and allowances were as follows:
29.1. Remuneration of the Board of Directors
Thousand euros
Remuneration item
2011 2010
Fixed remuneration 900 775
Variable remuneration 417 250
Parent Company: allowances 113 104
Parent Company: attendance allowances 532 531
Compensation/other 6,340 103
Life insurance premiums 52 45
Consolidated companies: allowances 2 2
Consolidated Companies: attendance allowances 27 15
Total 8,383 1,780
The “Compensation” item includes both the compensation and remuneration for the post contractual no competition agreement received by Mr. Gabriele
Burgio, who left the Group on 28 February 2011.
The Board of Directors had thirteen members at 31 December 2011, two of whom are women and eleven men.
29.2. Remuneration of Senior Management
The remuneration of members of the Management Committee at 31 December 2011 and 2010, excluding any who simultaneously held office as members
of the Board of Directors (whose remuneration has been set out has above), is detailed below:
Thousand euros
2011 2010
Remuneration in cash 3,079 3,124
Remuneration in kind - -
Total 3,079 3,124
Total remuneration for senior management in 2011 includes 457,000 euros in annual bonuses and 333,000 euros in tri annual bonuses. There are nine
members of senior management (five members in 2010).
The amount of remuneration received by all members of senior management in 2010 includes, among other items, the amount due for annual variable
remuneration (696,000 euros) and tri annual variable remuneration (661,000 euros).
The total figure of 2,086,000 euros was booked as due in the Financial Statements for 2010 drawn up on 28 February 2011. This figure does not include
either annual or tri annual variable remuneration as they had not been approved by the competent decision making body on such date.
29.3. Information on conflicts of interest among the Directors
At year-end 2011, the members of the Board of Directors of NH Hoteles, S.A. and certain individuals associated with the Board, as defined in the Revised
Text of the Capital Companies Act, held interests in the capital of the following companies engaged in the same, similar or complementary type of
operations as those comprising the corporate purpose of NH Hoteles, S.A.
104 REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS