Download Complete PDF - Informe Anual 2012
Download Complete PDF - Informe Anual 2012 Download Complete PDF - Informe Anual 2012
27. INCOME AND EXPENSES 27.1 Income The breakdown of this heading in the consolidated comprehensive profit and loss statements for 2012 and 2011 is as follows: € Thousand 2012 2011 Hotel occupancy 850,296 870,216 Catering 314,460 337,327 Meeting rooms and others 68,628 78,012 Real estate 20,577 14,454 Golf and sports clubs 3,221 3,553 Rents and other services 28,851 42,444 Net turnover 1,286,033 1,346,006 Operating subsidies 26 126 Other operating income 1,727 23,723 Other operating income 1,753 23,849 Net gain (loss) on disposal of assets (2,357) 33,905 The “Rents and other services” item reflects income from the fees invoiced to hotels operated under a management arrangement and services provided by the Group to third parties. The breakdown of net turnover by geographical markets in 2012 and 2011 is as follows: € Thousand 2012 2011 Spain - Hotels 307,119 348,876 Spain - Real Estate 20,491 14,454 Benelux 283,846 296,804 Italy 214,031 229,770 Germany 281,233 267,162 Latin America 85,942 81,331 Rest of Europe 93,371 107,609 1,286,033 1,346,006 The heading “Net gain (loss) on disposal of non-current assets” for the year 2012 includes the de-recognition of furnishings, facilities and equipment as a result of the withdrawal of NH Praha Radlicka in the Czech Republic, NH Trier in Germany, and the hotels NH Mercader, NH Condor and NH Villa de Coslada in Spain (see Note 8). The result of the disposal of assets in 2011 corresponds to the sale of five hotels to the INVESCO investment fund, through the Artos transaction, the sale of the NH Molenvijver Genk in Genk (Belgium), the sale of the NH Ligure in Turin (Italy) and the sale of shops in the hotel NH Krasnapolsky in Amsterdam (Netherlands). 27.2 Financial income and changes in the fair value of financial instruments The breakdown of this item’s balance in the consolidated profit and loss statement is as follows: € Thousand 2012 2011 Income from negotiable securities 612 818 Interest income 2,901 4,464 Other financial income 266 438 3,779 5,720 102 REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
27.3 Personnel expenses This item in the consolidated comprehensive profit and loss statement is broken down as follows: € Thousand 2012 2011 Wages, salaries and similar 291,845 300,926 Social security contributions 72,445 72,572 Indemnities 25,266 18,263 Contributions to pension plans and similar 9,313 7,486 Other social expenses 34,845 42,205 433,714 441,452 The average number of workers employed by the Parent Company and fully consolidated companies in 2012 and 2011, broken down by professional categories, is as follows: 2012 2011 Group general management 9 9 Managers and heads of department 1,378 1,426 Technical staff 1,000 990 Sales representatives 552 559 Administrative staff 478 575 Rest of personnel 10,378 11,130 Average number of employees 13,795 14,689 The breakdown of the personnel at 31 December 2012 and 2011, by gender and professional category, is as follows: 31-12-2012 31-12-2011 Males Females Males Females Group general management 9 - 9 - Managers and heads of department 742 617 750 630 Technical staff 761 244 763 194 Sales representatives 146 393 129 414 Administrative staff 144 314 229 335 Rest of personnel 5,837 3,997 5,814 4,317 Average number of employees 7,639 5,565 7,694 5,890 The reduction in the average number of employees is due to a larger volume of services being outsourced with the aim of adapting the personnel to the Group activity level, essentially in Spain and Italy. The average number of people with a disability equivalent to or greater than 33%, directly employed by the Parent Company and fully consolidated companies in 2012, broken down by professional categories, is as follows: 2012 2011 Managers and heads of department 2 2 Technical staff 3 3 Rest of personnel 33 32 Average number of employees 38 37 No people with a disability equivalent to or greater than 33% were employed in 2012 by multi-group proportionally consolidated companies. The average age of the Group personnel is approximately 37, and average seniority in the Group amounts to 7.2 years. 27.4 Other operating expenses This heading of the consolidated comprehensive profit and loss statement for 2011 and 2012 is as follows: € Thousand 2012 2011 Leases 297,990 291,410 External services 390,295 394,148 Allowances for contingency and expense provisions 9,176 5,137 697,461 690,695 In 2012 and 2011, the fees for auditing of accounts and other services provided by the Group auditors, Deloitte, S.L. and other companies linked REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS 103
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27. INCOME AND EXPENSES<br />
27.1 Income<br />
The breakdown of this heading in the consolidated comprehensive profit and loss statements for <strong>2012</strong> and 2011 is as follows:<br />
€ Thousand<br />
<strong>2012</strong> 2011<br />
Hotel occupancy 850,296 870,216<br />
Catering 314,460 337,327<br />
Meeting rooms and others 68,628 78,012<br />
Real estate 20,577 14,454<br />
Golf and sports clubs 3,221 3,553<br />
Rents and other services 28,851 42,444<br />
Net turnover 1,286,033 1,346,006<br />
Operating subsidies 26 126<br />
Other operating income 1,727 23,723<br />
Other operating income 1,753 23,849<br />
Net gain (loss) on disposal of assets (2,357) 33,905<br />
The “Rents and other services” item reflects income from the fees invoiced to hotels operated under a management arrangement and services<br />
provided by the Group to third parties.<br />
The breakdown of net turnover by geographical markets in <strong>2012</strong> and 2011 is as follows:<br />
€ Thousand<br />
<strong>2012</strong> 2011<br />
Spain - Hotels 307,119 348,876<br />
Spain - Real Estate 20,491 14,454<br />
Benelux 283,846 296,804<br />
Italy 214,031 229,770<br />
Germany 281,233 267,162<br />
Latin America 85,942 81,331<br />
Rest of Europe 93,371 107,609<br />
1,286,033 1,346,006<br />
The heading “Net gain (loss) on disposal of non-current assets” for the year <strong>2012</strong> includes the de-recognition of furnishings, facilities and equipment<br />
as a result of the withdrawal of NH Praha Radlicka in the Czech Republic, NH Trier in Germany, and the hotels NH Mercader, NH Condor and NH Villa<br />
de Coslada in Spain (see Note 8).<br />
The result of the disposal of assets in 2011 corresponds to the sale of five hotels to the INVESCO investment fund, through the Artos transaction,<br />
the sale of the NH Molenvijver Genk in Genk (Belgium), the sale of the NH Ligure in Turin (Italy) and the sale of shops in the hotel NH Krasnapolsky<br />
in Amsterdam (Netherlands).<br />
27.2 Financial income and changes in the fair value of financial instruments<br />
The breakdown of this item’s balance in the consolidated profit and loss statement is as follows:<br />
€ Thousand<br />
<strong>2012</strong> 2011<br />
Income from negotiable securities 612 818<br />
Interest income 2,901 4,464<br />
Other financial income 266 438<br />
3,779 5,720<br />
102 REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
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