SOL MELIA ANNUAL REPORT 00 COMP

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7 Negative Consolidation Differences The negative consolidation differences are listed below: 7.1 Companies consolidated by full consolidation method (Thousands of pesetas) BALANCE AMORTISATION ADDITIONS DISPOSALS BALANCE 31/12/99 2000 31/12/00 Bear S.A. De C.V. 2,282,816 2,282,815 C.Tunissienne de G.H. 396 396 396 Controladora Turística Cozumel, S.A. De C.V. 1,201,903 1,201,903 Gesmesol, S.A. 154,466 154,466 154,466 Grupo Sol Services 31,913 31,913 31,913 Impulse Hotel Development 16 16 Inversiones Jacuey 1,919 1,919 Irton Company, S.A. 4 5 Meliá Brasil Adminitraçao, S.A. 27,782 27,782 27,782 Meliá Mérida S.L. 11 (11) 0 Meliá Venezuela S.A. 12,409 12,409 12,409 Melsol Portugal, S.A. 1,611 1,611 1,611 Sol Group Co. 974 974 974 Sol Holding Co. 7,583 7,583 (7.583) 0 Sol Holding Management Co. 958 958 (958) 0 Sol Meliá Benelux, S.A. 18 18 TOTAL 238,091 2,520,938 1,203,839 (8,552) 3,716,226 Additions and disposals arise mainly from the changes introduced in the Group’s consolidation scope, as explained in Note 2. 7.2 Companies consolidated by the equity method (Thousands of pesetas) BALANCE 31/12/99 ADDITIONS DISPOSALS BALANCE 31/12/00 Sofía Hoteles S.L. 32,633 32,633 TOTAL 32,633 32,633 The share in the managing company of Hotel Sofía Parque Sol is incorporated as a result of the acquisition of the Tryp Hotel Chain. S OL M ELIÁ A NNUAL R EPORT 2000 100
8 Participations by the Equity Method The investments corresponding to participations in associated companies have been valued in accordance with the equity method of consolidation. The amounts obtained by the equity method are as follows: (Thousands of pesetas) BALANCE BALANCE RESULT ADDITIONS DISPOSALS EXCHANGE BALANCE 31/12/98 31/12/99 2000 DIFFERENCE 31/12/00 Agotel Gmbh (269.567) (69.025) 706.096 (269.566) 97.938 Aparthotel Bosque, S.A. 166.854 179.092 14.367 (16.064) 177.395 C.P. Meliá Castilla 311.248 252.734 5.052 (233.729) 335.306 C.P.Meliá Costa del Sol 237.306 238.948 91.948 (70.556) 260.343 Casino Tamaindos, S.A. 1.665.178 Hellenic Hotel Management 28.669 15.131 (18.167) (274) (3.309) Hotel Campus S.L. (25.028) 82.400 57.372 Hotel Las Américas, S.A. 406.523 383.318 (383.318) I.Turísticas Casas Bellas, S.L. 1.499.790 (2) 461 (1.617) 1.498.632 Meliá Inversiones Americanas, N.V. 10.678.746 Meliá Mérida, S.L. (2.361) 204.986 202.625 Nexprom/Promedro 346.680 57.088 1.162 404.931 Sofía Hoteles S.L. (11.027) 140.431 129.404 Sol Hoti Portugal Hoteis 6.877 17.916 (1.520) 16.396 Sol Meliá Travel, S.A. (65.218) 329.504 264.287 Touroperador Viva Tours, S.A. 220.574 (65.251) (9.945) 145.378 TOTAL 13.190.153 2.943.132 158.539 1.470.092 (984.795) (274) 3.586.697 Additions and disposals arise mainly from the changes introduced in the Group’s consolidation scope, as explained in Note 2, and from the adjustments arising from the write-off of provisions and dividends made in the consolidation process. The value of the participations includes tacit surplus relating to buildings not recorded by the subsidiaries. This surplus is amortised over the useful life of the different buildings it relates to. (See Note 6). S OL M ELIÁ A NNUAL R EPORT 2000 101
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ANNUAL REPORT 2000 www.solmelia.com
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ANNUAL REPORT 2000
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COMPANY PROFILE CURRENT SOL MELIÁ
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COMPANY PROFILE FINANCIAL PROFILE
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LETTER FROM THE CHAIRMAN dDear shar
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LETTER FROM THE CHAIRMAN And it is
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COMPANY HISTORY Meliá De Mar Meli
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COMPANY HISTORY Just six months lat
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ORGANISATIONAL STRUCTURE CHAIRMAN G
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MILESTONES 2000· FINANCIAL RESULTS
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MILESTONES 2000· FINANCIAL RESULTS
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MILESTONES 2000· HOTEL GROWTH Year
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MILESTONES 2000· HOTEL GROWTH Meli
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MILESTONES 2000· HOTEL GROWTH In S
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MILESTONES 2000 · RESEARCH & DEVEL
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MILESTONES 2000 · EVERYTHING IS PO
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MILESTONES 2000 · QUALITY & ENVIRO
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MILESTONES 2000 · COMPANY AND SOCI
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Page 72: OFFICIAL COMMUNIQUÉS 25th. July Wi
Page 77 and 78: CONSOLIDATED LIABILITIES In thousan
Page 79 and 80: CONSOLIDATED PROFIT AND LOSS ACCOUN
Page 81 and 82: 2 Consolidation Scope 2.1 Subsidiar
Page 83 and 84: CONSOLIDATION SCOPE COMPANY ADDRESS
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Page 87 and 88: CONSOLIDATION SCOPE ADDITIONS INCRE
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Page 91 and 92: ACCOUNTING PRINCIPLES Credits and d
Page 93 and 94: ACCOUNTING PRINCIPLES 5.9 Investmen
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Page 97 and 98: 6 Goodwill on Consolidation Goodwil
Page 99: GOODWILL ON CONSOLIDATION 6.2 Compa
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Page 105 and 106: 11 Tangible Fixed Assets The moveme
Page 107 and 108: TANGIBLE FIXED ASSETS The net capit
Page 109 and 110: INVESTMENTS 12.2 Long-term securiti
Page 111 and 112: INVESTMENTS Disposals for the year
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Page 115 and 116: 13 Deferred Expenses (Thousands of
Page 117 and 118: 15 Debtors The breakdown of the sho
Page 119 and 120: 18 Equity The breakdown and movemen
Page 121 and 122: EQUITY The breakdown of the balance
Page 123 and 124: EQUITY (Thousands of pesetas) BALAN
Page 125 and 126: EQUITY The balances of the above ta
Page 127 and 128: 19 Minority Interest Some consolida
Page 129 and 130: 21 Provisions for Liabilities and C
Page 131 and 132: NON-TRADE DEBTS On December 7, 2000
Page 133 and 134: NON-TRADE DEBTS (Thousands of peset
Page 135 and 136: NON-TRADE DEBTS As indicated in Not
Page 137 and 138: 23 Fiscal Situation 23.1 Taxable in
Page 139 and 140: FISCAL SITUATION As a result of the
Page 141 and 142: FISCAL SITUATION 2000 Consolidated
Page 143 and 144: GUARANTEES, COMMITMENTS AND CONTING
Page 145 and 146: INCOME AND EXPENSES 25.3 Consolidat
Page 147 and 148: INCOME AND EXPENSES (Thousands of p
Page 149 and 150: 26 Retribution and other Benefits t
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This report analyses trends in the
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BUSINESS TRENDS Statistics for the
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3 Post-balance Sheet Events. On Feb
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5 Research and Development Sol Meli
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SOL MELIA ANNUAL REPORT 00 COMP

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