SOL MELIA ANNUAL REPORT 00 COMP
SOL MELIA ANNUAL REPORT 00 COMP
SOL MELIA ANNUAL REPORT 00 COMP
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13 Deferred Expenses<br />
(Thousands of pesetas)<br />
BALANCE AT ADDITIONS DISPOSALS BALANCE AT<br />
31/12/99 31/12/<strong>00</strong><br />
Arrangement of loans 168,255 118,376 (38,237) 248,395<br />
Issue of Convertible bonds 781,564 (168,416) 613,148<br />
Interest on purchase of fixed assets 1,6<strong>00</strong>,536 1,801,709 (632,524) 2,769,721<br />
TOTAL 2,550,355 1,920,085 (839,177) 3,631,264<br />
The interest for purchase of fixed assets relates mainly to leasings for renovation of hotels and for the construction of the<br />
Hotel Meliá Milano.<br />
S OL<br />
M ELIÁ<br />
A NNUAL R EPORT 2<strong>00</strong>0<br />
115
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