Consolidated Financial Statements and Consolidated Management ...
Consolidated Financial Statements and Consolidated Management ...
Consolidated Financial Statements and Consolidated Management ...
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4.21. <strong>Consolidated</strong> cash flow statements<br />
The following terms with their corresponding explanation are used in the consolidated cash flow statements prepared using the indirect method:<br />
- Cash flows: Inflows or outflows of cash or cash equivalents. The latter are construed as highly liquid short-term investments with a little risk of change in<br />
their value.<br />
- Operating activities: The typical activities of the entities comprising the consolidated group, along with other activities that cannot be classified as<br />
investment or financing activities.<br />
- Investment activities: Activities involving the acquisition, disposal or drawing down by other means of long-term assets <strong>and</strong> other investments not<br />
included under cash <strong>and</strong> cash equivalents.<br />
- Financing activities: Activities resulting in changes in the amount <strong>and</strong> composition of equity <strong>and</strong> liabilities <strong>and</strong> which do not form part of the operating<br />
activities.<br />
5. PROFIT (LOSS) PER SHARE<br />
The basic profit per share is determined by dividing the net profit or loss attributed to the Group (after taxes <strong>and</strong> minority interests) by the weighted average<br />
number of shares in circulation during the financial year, as shown below:<br />
Euros<br />
2011 2010<br />
Change<br />
Profit (Loss) for the year (thous<strong>and</strong> euros) 6,231 (41,296) 115.09%<br />
Weighted average number of shares issued (thous<strong>and</strong> shares) 246,617 246,617 0.00%<br />
Weighted average number of shares in treasury shares (thous<strong>and</strong> shares) 1,595 142 1023.24%<br />
Weighted average number of shares in circulation (thous<strong>and</strong> shares) 245,022 246,475 (0.59%)<br />
Profit / (Loss) per share 0.03 (0.17) 115.18%<br />
6. GOODWILL<br />
The balance included under this item corresponds to the net goodwill arising from the acquisition of certain companies, <strong>and</strong> is broken down as follows<br />
(thous<strong>and</strong>s of euros):<br />
Companies 2011 2010<br />
NH Hoteles Deustchl<strong>and</strong> GmbH <strong>and</strong> NH Hoteles Austria, GmbH 108,068 108,068<br />
Polis Corporation, S.A. 7,628 8,019<br />
Others 4,272 4,321<br />
Total 119,968 120,408<br />
The movements in this heading of the consolidated balance sheet in 2011 <strong>and</strong> 2010 were as follows (thous<strong>and</strong>s of euros):<br />
Company<br />
Goodwill at<br />
31/12/09<br />
Exit from<br />
consolidation<br />
boundary<br />
(Write<br />
offs)<br />
Currency<br />
translation<br />
difference<br />
Goodwill at<br />
31/12/10<br />
NH Hoteles Deutschl<strong>and</strong> GmbH <strong>and</strong> NH Hoteles Austria, GmbH 108,674 - (606) - 108,068<br />
Polis Corporation, S.A. 7,775 - - 244 8,019<br />
Others 4,685 (471) - 107 4,321<br />
Total 121,134 (471) (606) 351 120,408<br />
Company Goodwill at 31/12/10<br />
Currency translation<br />
difference<br />
Goodwill at 31/12/11<br />
NH Hoteles Deutschl<strong>and</strong> GmbH <strong>and</strong> NH Hoteles Austria GmbH 108,068 - 108,068<br />
Polis Corporation, S.A. 8,019 (391) 7,628<br />
Others 4,321 (49) 4,272<br />
Total 120,408 (440) 119,968<br />
Recoverable goodwill values have been allocated to each cash generating unit, mainly rental agreements, by using five year projections on results, investments<br />
<strong>and</strong> working capital.<br />
76<br />
REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
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