SOL MELIA ANNUAL REPORT 00 COMP

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EQUITY share premium of Euros 14.8 per share. This share capital increase, arising from the purchase of the shares of Tryp, S.A. (See Note 1), was subscribed and paid up by the non-monetary contribution of shares that represent 55 per cent of the shares of Tribenol, S.L. and 38.4 per cent of the shares of Tryp, S.A. At December 31, 2000 the main shareholders with direct or indirect participation in SOL MELIA, S.A. are as follows: SHAREHOLDERS PARTICIPATION % Hoteles Mallorquines Consolidados, S.A. 27.90% Hoteles Mallorquines Asociados S.A. 16.30% Hoteles Mallorquines Agrupados S.A. 6.20% Other control shareholders 10.50% Others 39.10% TOTAL 100% 18.2 Reserves from parent company 18.2.1 Share premium The increase in share premium during the year arises from the purchase of the shares of the Tryp Hotel Chain explained in Note 1. 18.2.2 Legal reserves SOL MELIA, S.A. has the obligation of transferring 10% of the profits for the year to constitute the legal reserve until this equals at least 20% of the share capital. This reserve is not distributable to the shareholders and may only be used to offset losses, should no other reserves be available. 18.2.3 Reserves for own shares This reserve was set up for the acquisition of own shares (1,034,937 shares) and is unavailable until the disposal of said shares at acquisition cost, less the provision charge recorded at year-end. These shares are recorded in assets in the balance sheet of these annual accounts (See Note 17). 18.2.4 Reserve Law 19/94 Reinvestment in the Canary Islands This reserve is unavailable since it was created based on SOL MELIA, S.A.’s commitment to invest in new fixed assets located in the Canary Islands, with a 3 years investment term, an amount equal to the abovementioned reserve for investments in the Canary Islands Law 19/94. 18.2.5 Revaluation reserve R.D.L. 7/1996 of June 7 This reserve, incorporated as a result of the merger in the balance sheet included in the balance sheet of the 1996 annual accounts of Inmotel Inversiones, S.A., is the consequence of the revaluations of the intangible and tangible fixed assets carried out according to the relevant rulings, less 3% of the revaluations amount for taxation. S OL M ELIÁ A NNUAL R EPORT 2000 120
EQUITY The breakdown of the balance of the Revaluation reserve is as follows: (Thousands of pesetas) Revaluation of intangible fixed assets 242,271 Revaluation of tangible fixed assets 8,099,422 Taxation - 3% of revaluation (308,746) TOTAL REVALUATION RESERVE 8,032,947 This reserve may be applied to offset losses, to increase the Company’s share capital and, after December 31, 2006 (10 years starting from the date of the balance sheet including the revaluation), this reserve will be freely distributable. The balance of the reserve cannot be distributed, directly or indirectly, unless the revaluation value has materialized by the sale or full depreciation of the revalued items. 18.2.6 Results from prior years Results from prior years relate to retained earnings and are freely distributable. S OL M ELIÁ A NNUAL R EPORT 2000 121
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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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SOL MELIÁ IN THE 21 ST. CENTURY Lo
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SOL MELIÁ IN THE 21 ST. CENTURY ·
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SOL MELIÁ IN THE 21ST. CENTURY ·
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GOOD GOVERNANCE CODE The Board of D
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GOOD GOVERNANCE CODE that the relat
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GOOD GOVERNANCE CODE 11 Selection a
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GOOD GOVERNANCE CODE fees or other
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GOOD GOVERNANCE CODE Amongst the nu
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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
Page 85 and 86: CONSOLIDATION SCOPE 2.3 Companies e
Page 87 and 88: CONSOLIDATION SCOPE ADDITIONS INCRE
Page 89 and 90: 4 Appropriation of Results The Boar
Page 91 and 92: ACCOUNTING PRINCIPLES Credits and d
Page 93 and 94: ACCOUNTING PRINCIPLES 5.9 Investmen
Page 95 and 96: ACCOUNTING PRINCIPLES 5.20 Corporat
Page 97 and 98: 6 Goodwill on Consolidation Goodwil
Page 99 and 100: GOODWILL ON CONSOLIDATION 6.2 Compa
Page 101 and 102: 8 Participations by the Equity Meth
Page 103 and 104: 10 Intangible Fixed Assets The brea
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
Page 113 and 114: INVESTMENTS 12.3 Other long-term re
Page 115 and 116: 13 Deferred Expenses (Thousands of
Page 117 and 118: 15 Debtors The breakdown of the sho
Page 119: 18 Equity The breakdown and movemen
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
Page 151 and 152: This report analyses trends in the
Page 153 and 154: BUSINESS TRENDS Statistics for the
Page 155 and 156: 3 Post-balance Sheet Events. On Feb
Page 157 and 158: 5 Research and Development Sol Meli
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SOL MELIA ANNUAL REPORT 00 COMP

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