SOL MELIA ANNUAL REPORT 00 COMP

INTANGIBLE FIXED ASSETS
There are 1,622 financial leasing contracts pending maturity at December 31, 2000, of which 791 expire between 1 and 2
years, 42 in 3 years, 785 up to 5 years and 4 between 6 and 10 years. The instalments pending payment at December 31,
2000 amount to a total of Ptas. 18,591 million, of which Ptas. 7,245 are short-term and the rest long-term. The total residual
value of the contracts in force amounts to Ptas. 1,086 million (See Note 22).
The main additions recorded during the year relate to sundry repairs and refurbishments carried out by the Group in
various hotels operated by Group companies as well as to the incorporation of software applications for several areas of
the Company, which will permit the integration of the different management areas of the hotels and provide support to
the Group’s growth and globalisation processes. Among them are the front office, selling points, SAP and Internet
applications.
The amount recorded for reclassified transfer rights relates to the leasehold contract of Lomondo Ltd.
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A NNUAL R EPORT 2000
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