Download Complete PDF - Informe Anual 2012

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Significant shareholders Directors and executives € Thousand 31/12/2012 Group entities, companies and individuals Other transactions Purchases of tangible, intangible and other assets - - - - - Funding agreements: loans and capital contributions (lender) - - (27,320) (2,497) (29,817) Financial leasing agreements (lessor) - - - - - Repayment or cancellation of loans and lease agreements (lessor) - - - - - Sales of tangible, intangible and other assets - - - - - Funding agreements: loans and capital contributions (borrower) 31,159 - - 31,159 Financial leasing agreements (lessee) - - - - - Repayment or cancellation of loans and lease agreements (lessee) - - - - - Guarantees and sureties given - - - - - Guarantees and sureties received - - - - - Commitments undertaken - - - - - Commitments/guarantees cancelled - - - - - Dividends and other profits distributed - - - - - Other transactions - - - - - Other related parties Total 29. INFORMATION BY SEGMENTS The information by segments is primarily structured around the Group different business lines, and secondarily according to geographical distribution. Main segments – Business The business lines described below have been established on the basis of the organizational structure of NH Hoteles Group at the end of 2012, considering both the nature of the products and services offered and the target customer segments. In 2012, NH Hoteles Group focused its operations on two main business lines: hotels and real estate. These constitute the basis upon which the Group presents the information on its main segment. The Group does not include its catering operations as a main segment because it cannot be separated from the accommodation activity; both constitute a single business, the hotel business. Secondary segments – Geographical The Group operations are located in Spain, the Benelux, Germany, Italy, the rest of Europe, South America and the rest of the world. The information by segments set out below is based on the reports drawn up by NH Hoteles Group and is generated through a computer application which categorizes transactions by business lines and geography. This segment ordinary income corresponds to income directly attributable to the segment plus a relevant proportion of the Group general income that can be distributed to it using fair rules of distribution. The ordinary income of each segment does not include interest or dividend income or the gains arising from the sale of investments or transactions aimed at redeeming or discharging debt. Ordinary income by segments interests includes the share of the profit or loss of associated entities and joint ventures consolidated under the equity method. The corresponding proportion of the income from joint ventures consolidated using the proportional consolidation method is also included. The profit or loss of the segment is presented before any adjustments corresponding to minority interests are made. The assets and liabilities of the segments are those which are directly connected with the segments’ operations. The information by segments of these operations is presented below. 108 REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
29.1 Information on main segments € Thousand Hotel Business Real Estate Total 2012 2011 2012 2011 2012 2011 INCOME- Sales and other operating income 1,267,295 1,345,764 20,491 24,091 1,287,786 1,369,855 Net gain on disposal of non-current assets (2,357) 33,905 - - (2,357) 33,905 Total income 1,264,938 1,379,669 20,491 24,091 1,285,429 1,403,760 PROFIT (LOSS)- Inventory impairments - - (5,457) - (5,457) - Net losses from asset impairment (199,060) (6,649) - (720) (199,060) (7,369) Profit (loss) from entities valued through the equity method (713) (2,748) (3,519) (1,237) (4,232) (3,985) Financial income 3,257 5,143 522 577 3,779 5,720 Change in fair value of financial instruments (1,548) (6,825) - - (1,548) (6,825) Financial expenses (84,395) (66,613) (624) (2,033) (85,019) (68,646) Net exchange-rate differences (7,469) 12 - - (7,469) 12 Profit (Loss) on disposal of financial investments (3,549) 19,913 - - (3,549) 19,913 Profit (Loss) before tax (375,891) 15,970 (15,705) (11,669) (391,596) 4,301 Tax 50,175 2,301 5,326 3,899 55,501 6,200 Profit (Loss) for the year (325,716) 18,271 (10,379) (7,770) (336,095) 10,501 Minority interests (43,985) 4,270 - - (43,985) 4,270 Profit (Loss) attributable to the Parent Company (281,731) 14,001 (10,379) (7,770) (292,110) 6,231 € Thousand Hotel Business Real Estate Total 2012 2011 2012 2011 2012 2011 OTHER INFORMATION Additions of fixed assets 47,229 298,216 86 115 47,315 298,331 Depreciation (112,135) (120,706) 784 819 (111,351) (119,887) Net losses from asset impairment (199,060) (7,369) - - (199,060) (7,369) BALANCE SHEET ASSETS Assets by segments 2,630,219 2,840,911 124,877 162,851 2,755,096 3,003,762 Shareholdings in associated companies 12,533 13,183 57,706 60,544 70,239 73,727 Total consolidated assets 2,642,752 2,854,094 182,583 223,395 2,825,335 3,077,489 LIABILITIES Liabilities and equity by segments 2,642,752 2,854,094 182,583 223,395 2,825,335 3,077,489 Total Consolidated Liabilities and Shareholders' Equity 2,642,752 2,854,094 182,583 223,395 2,825,335 3,077,489 29.2 Information on secondary segments The following table shows the breakdown of certain Group consolidated balances in accordance with the geographical distribution of the entities giving rise to them: € Thousand Net turnover Total assets Additions of tangible fixed assets and intangible assets 2012 2011 2012 2011 2012 2011 Spain 327,614 363,330 854,793 982,498 19,924 18,321 Benelux 283,846 296,804 722,831 733,602 2,717 14,649 Germany 281,233 267,162 302,728 308,572 9,447 243,756 Italy 214,031 229,770 618,544 685,514 13,010 12,284 Rest of Europe 93,367 107,609 35,232 51,970 1,003 1,379 Latin America 85,942 81,331 291,207 315,333 1,214 7,942 Total 1,286,033 1,346,006 2,825,335 3,077,489 47,315 298,331 REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS 109
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ANNUAL REPORT 2012 CONSOLIDATED FIN
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ANNUAL REPORT 2012 CONSOLIDATED FIN
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8. TANGIBLE FIXED ASSETS 80 9. REAL
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INDEPENDENT AUDITORS’ REPORT ON C
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The consolidation of the Spanish ho
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Benelux is different, given that it
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OVERVIEW OF NH RISK POLICY NH’s o
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EVOLUTION NH HOTELES - IBEX DECEMBE
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ANNUAL CORPORATE GOVERNANCE REPORT
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In the event of any modification or
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Total number of executive directors
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Name or trade name of director Trad
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B.1.13 Indicate, on an aggregate ba
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The proposals to appoint directors
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) When they are removed from the ex
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B.1.30 State the number of meetings
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MR JOSÉ ANTONIO CASTRO SOUSA HOTEL
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EXECUTIVE OR DELEGATE COMMITTEE Nam
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) Competencies The primary function
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C - RELATED-PARTY TRANSACTIONS C.1
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Mechanisms for resolving possible c
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Description of functions The Audit
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The documents in which such delegat
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II.4. Ratification and renewal of t
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a) The transformation of listed com
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See sections: B.1.2, B.1.27 and B.2
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When the Board adopts significant o
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45. Supervision of compliance with
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Page 89 and 90: Mortgage guarantee loans, whether s
Page 91 and 92: On 26 October 2012, the Court of Ar
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Page 95 and 96: Provisions for pensions and similar
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Page 103 and 104: 27.3 Personnel expenses This item i
Page 105 and 106: 27.6 Financial expenses and changes
Page 107: FUNDING AGREEMENTS € Thousand 201
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Page 113 and 114: After the capital increase, the sha
Page 115 and 116: Similarly, the owners’ associatio
Page 117 and 118: ANNEX I: SUBSIDIARIES Data on the C
Page 119 and 120: Investee company Registered address
Page 121 and 122: ANNUAL REPORT OF THE AUDIT COMMITTE
Page 124: websites OF INTEREST: ITP INTERNATI
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