INVESTMENTS Sol Meliá, S.A. has subscribed and paid up the capital increase (Ptas. 518 million ) carried out in Hotel Net B2B. COM, S.A., a company engaged in marketing hotel services. Sol Meliá, S.A. has subscribed and paid up the share capital increase (Ptas. 249 million.) carried out in Lanzarote 6, S.A., owner of land for the construction of a hotel. Sol Meliá, S.A. has subscribed and paid up the share capital increase (Ptas. 48 million ) carried out in Port Cambrils Inversions, S.A., a hotel operating company. Sol Meliá, S.A. has subscribed and paid up the share capital increase (Ptas. 3,129 million) carried out in Prodigios Interactivos, S.A., a company engaged in developing business through internet. The increment in Desarrollos Hoteleros Guanacaste is the result of its last share capital increase. No provision is booked for the participation in P.T.S.A.I., because it maintains its level of activity since most of its income is earned in dollars. The directors therefore consider that no loss will be incurred. No provision is booked either for the companies, which present underlying capital gains due to the favourable forecast of results and to the value of their buildings. S OL M ELIÁ A NNUAL R EPORT 2<strong>00</strong>0 112
INVESTMENTS 12.3 Other long-term receivables (Thousands of pesetas) 1998 1999 2<strong>00</strong>0 AGOTEL 217,246 BANCA DI ROMA 1,031,176 BANCA NAZIONALE DEL LAVORO 1,031,176 CLIENTES TIEMPO <strong>COMP</strong>ARTIDO 1,213,353 1,968,7<strong>00</strong> GOLDEN ASSET <strong>COMP</strong>ANY LTD. 356,650 414,275 441,755 HOTELES CIBELES S.A. 36,9<strong>00</strong> 45,259 SAUCISSE 546,824 URINCASA S.A. 245,575 245,575 AURELIA CENTRO 267,417 MUNA TURIZM 153,497 HOTELES REX, S.L. 105,838 DAELLOS, S.A. 77,421 I. CAUNEL,GOLF Y H. ARENA GORDA 195,935 OTROS 1,458 39,098 2,375 LONG-TERM LOANS 575,354 2,496,025 5,566,125 <strong>SOL</strong> <strong>MELIA</strong> S.A. 2,788,790 HOTELES TURISTICOS S.A. 3,089 MOTELES ANDALUCES S.A. 1,317 TENERIFE <strong>SOL</strong> S.A. 102,838 DEFERRED TAX ASSETS 2,896,034 <strong>SOL</strong> <strong>MELIA</strong> S.A. 1<strong>00</strong>,631 59,847 DESARROLLOS TURISTICOS DEL CARIBE S.A. 165,710 DOCK TELEMARKETING S.A. 1<strong>00</strong> 1<strong>00</strong> INDUSTRIAS TURISTICAS S.A. 167 167 INVERSIONES Y EXPLOTACIONES TURISTICAS S.A. 210 483 LAV. INDUST.GUADALAJARA 326 ME<strong>SOL</strong> MANAGEMENT S.L. 10,<strong>00</strong>0 MOTELES ANDALUCES S.A. 205 205 TENERIFE <strong>SOL</strong> S.A. 60 TRYP S.A. 81,542 INMOBILIARIA BULMES S.A. 16,997 AZAFATA S.A. 351 PARKING INTERNACIONAL S.A. 52 H.BOULOGNE ADAGIO 1,954 LONG-TERM GUARANTEE DEPOSITS 277,409 161,699 <strong>SOL</strong> <strong>MELIA</strong> S.A. 1,4<strong>00</strong>,460 10,594 C.T.G.H. 597 1,319 HOTELES TURISTICOS S.A. 437 437 LOMONDO LTD. 177,068 174,354 MARKTUR TURIZM 67 TENERIFE <strong>SOL</strong> S.A. 6<strong>00</strong> 6<strong>00</strong> GRUPO <strong>SOL</strong> MELIÁ EN FRANCIA 50,087 IHLA BELA 1,590 TRYP MEDITERRANEE 265,185 INMOTEL INV. ITALIA S.L. 860 MOTELES GRANDES RUTAS ESP. S.A. 41 LONG-TERM DEPOSITS 1,579,229 505,067 BILLS RECEIVABLE 1,205,387 TOTAL OTHER LONG-TERM RECEIVABLES 575,354 7,248,697 7,438,278 S OL M ELIÁ A NNUAL R EPORT 2<strong>00</strong>0 113