Consolidated Financial Statements and Consolidated Management ...

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ANNEX II: ASSOCIATED COMPANIES Company Registered Address Activity % Shareholding % voting right controlled by NH Hoteles Net book value Thousand euros Investee Company Details Assets Liabilities Equity Capredo Investments, GmbH (*) Switzerland Holding 50% 50% 16,621 48,046 (248) (47,802) 4 (Profit) Loss for the Year Consorcio Grupo Hotelero T2, S.A. de C.V. Mexico D.F. Hotel Business 10% 10% 424 22,892 (18,650) (4,161) (81) Fonfir1, S.L. Madrid Real Estate 50% 50% 100 203 (3) (199) - Harrington Hall Hotel, Ltd. (*) London Hotel Business 25% 25% 1,670 44,115 (65,947) 24,095 (2,263) Inmobiliaria 3 Poniente, S.A. de C.V. Mexico Hotel Business 27% 27% 1,670 6,988 (821) (5,596) (571) Losan Investment, Ltd. London Hotel Business 30% 30% 3,248 5,546 - 7,224 (12,771) Mil Novecientos Doce, S.A. de C.V. Mexico Hotel Business 25% 25% 1,887 14,231 (6,683) (7,385) (163) Palacio de la Merced, S.A. Burgos Hotel Business 25% 25% 1,525 16,119 (10,017) (5,880) (221) Fomento Inmobiliario del Caribe, S.A. de C.V. Mexico Real Estate 50% 25% 32,884 66,065 (297) (66,664) 896 Sotocaribe, S.L. Madrid Real Estate 36% 36% 65,483 261,976 (77,515) (185,963) 1,503 (*) Companies audited by Deloitte ANEX III: JOINT VENTURES The data on the three real estate companies with registered addresses in San Roque, Cadiz which are consolidated with the Parent Company using the proportional consolidation method are presented below. At 31 December 2011, the Parent Company’s percentage interest in investee companies and the percentage of voting rights controlled by the Parent Company amounted to 50%, as shown below: Investee Company Net book value at parent company Thousand euros Assets Liabilities Equity (Profit) Loss for the Year Los Alcornoques de Sotogrande, S.L. 934 13,573 (8,949) (4,715) 91 Resco Sotogrande, S.L. 2.157 11,341 (8,975) (2,611) 245 Residencial Marlin, S.L. (*) 26.843 71,474 (17,946) (61,087) 7,559 Borokay Beach, S.L. 2.558 15,833 (10,718) (5,743) 628 (*) Companies audited by Deloitte 112 REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS 113
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Lamps which create a special atmosp
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ANNUAL REPORT 2011 CONSOLIDATED FIN
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10. INVESTMENTS VALUED USING THE EQ
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INDEPENDENT AUDITORS’ REPORT ON C
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End customers, who are even more de
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Revenue from Real Estate Activity,
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The level of consolidated net finan
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SUBSEQUENT DISCLOSURES The process
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A.3. Complete the following tables
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B. STRUCTURE OF THE COMPANY’S COR
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B.1.7. Identify, as applicable, the
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Process for determining the remuner
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For the purposes of this definition
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State and explain, as applicable, w
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Does the Appointments Committee not
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Explain the rules Article 14.2.e) o
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Committee name AUDIT COMMITTEE Shor
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C. RELATED-PARTY TRANSACTIONS C.1.
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D. RISK CONTROL SYSTEMS D.1. Genera
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The Audit Department therefore cont
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In any event, the website shall con
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E.10. State and explain the policie
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) The following decisions: i) The a
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23. All directors must be able to e
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41. The Annual Report shall include
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53. The Board of Directors shall se
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Mr Roberto Cibeira Moreiras - Annua
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APENDIX TO THE 2011 ANNUAL CORPORAT
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- to keep records of transactions r
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- Supervision of internal control a
Page 61 and 62: *Translation of consolidated financ
Page 63 and 64: CONSOLIDATED STATEMENTS OF CHANGES
Page 65 and 66: REPORT ON THE CONSOLIDATED FINANCIA
Page 67 and 68: 2.1.2. Standards and interpretation
Page 69 and 70: 2.5.2. Associate companies (See Ann
Page 71 and 72: 4. VALUATION STANDARDS The main pri
Page 73 and 74: - Outstanding loans and accounts re
Page 75 and 76: Deferred tax liabilities for all ta
Page 77 and 78: A breakdown of the cash generating
Page 79 and 80: • The most significant addition i
Page 81 and 82: NH Hoteles Group’s policy on inte
Page 83 and 84: The analysis of the aging of financ
Page 85 and 86: 15.5. Treasury shares At year-end,
Page 87 and 88: Additionally, two loans for a joint
Page 89 and 90: The details of the sensitivity anal
Page 91 and 92: Onerous agreements The NH Hoteles G
Page 93 and 94: Additionally, NH Hoteles España, S
Page 95 and 96: Negative tax bases At 31 December 2
Page 97 and 98: - Article 9 of the Articles of Asso
Page 99 and 100: 26.3. Personnel expenses The compos
Page 101 and 102: 26.6. Financial expenses and change
Page 103 and 104: Secondary segments - Geographic The
Page 105 and 106: Holder Investee Company Activity Nu
Page 107 and 108: 31. INFORMATION ON ENVIRONMENTAL PO
Page 109 and 110: ANNEX I: SUBSIDIARIES The data on t
Page 111: Investee Company Registered address
Page 115 and 116: 9) To supervise compliance and inte
Page 117: ANNUAL REPORT OF THE AUDIT COMMITTE
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