SOL MELIA ANNUAL REPORT 00 COMP
SOL MELIA ANNUAL REPORT 00 COMP SOL MELIA ANNUAL REPORT 00 COMP
EQUITY The balances of the above table are broken down by each Group subsidiary in which the parent company owns a direct or indirect share (See Note 2). Nevertheless, the companies (1), which have the same business line, given the shareholding structure of the subsidiaries, are presented jointly to faciliate comprehension of their contribution to the consolidated Group. The additions in the companies residing in Mexico (Bear. S.A. de C.V., Bisol Vallarta, S.A. de C.V., Corporación Hotelera Hispano Mexicana, S.A. de C.V.,Controladora Turística Cozumel S.A. de C.V., Caribotels de México, S.A. de C.V., Cala Formentor, S.A. de C.V., and Operadora Mesol, S.A. de C.V.) and Venezuela (Inversiones Inmobiliarias IAR), countries with high inflation rates, are due mainly to these companies’ obligation to restate their financial statements. Additions included for the D.T.C./Marmer group of companies relate mainly to a dividend collected for the sale of Hotel Meliá Bavaro. The other movements relate mainly to the changes introduced in the consolidation scope as described in Note 2.3. and to the adjustments for write-off of provisions and dividends made in the consolidation process. 18.4 Reserves of companies consolidated by the equity method The movements in this heading of the liabilities side of the consolidated balance sheet relate to the distribution of the 1999 results. The breakdown of this heading of the consolidated balance sheet, by companies, is as follows: (Thousands of pesetas) BALANCE AT BALANCE AT 1999 ADDITIONS TRANSFERS DISPOSALS BALANCE AT 31/12/1998 31/12/1999 RESULTS 31/12/2000 Agotel Gmbh (195,357) (131,644) (269,693) (596,694) Aparthotel Bosque, S.A. 43,789 35,893 17,182 (24,293) (6,064) 22,718 C.P. Meliá Castilla 256,870 234,900 5,052 (180,522) (4,064) 312,236 C.P.Meliá Costa del Sol 154,616 219,368 82,661 (63,081) (594) 238,357 Casino Tamarindos, S.A. 205,271 Hellenic Hotel Management (8,685) (13,664) 25,592 3,243 Hotel Campus, S.L. Hotel Las Américas, S.A. 26,940 (72,025) (26,039) 98,065 I.Turísticas Casas Bellas, S.L. 6 245 (1,617) (1,366) Meliá Inversiones Americanas, N.V. (91,367) Meliá Mérida, S.L. Nexprom, S.A. 153,911 34,147 1,162 (73,052) 116,168 Promedro, S.A. (2,813) 5,887 (3,074) Sofía Hoteles, S.L. Sol Hoti Portugal Hoteis 257 5,009 11,029 16,038 Sol Meliá Travel, S.A. Touroperador Viva Tours, S.A. (53,216) 317,440 (9,945) 254,279 TOTAL 339,506 392,171 161,249 6,459 (990) (193,913) 364,978 S OL M ELIÁ A NNUAL R EPORT 2000 124
EQUITY The balances of the above table are broken down by each Group subsidiary with direct or indirect participation of the parent company (See Note 2). The additions and disposals mainly relate to the changes introduced in the consolidation scope as described in Note 2 and to the adjustments for write-off of provisions and dividends made in the consolidation process. 18.5 Exchange differences of companies consolidated by full consolidation method (Thousands of pesetas) BALANCE BALANCE BALANCE BALANCE BALANCE BALANCE 31/12/1998 31/12/1999 31/12/2000 31/12/1998 31/12/1999 31/12/2000 Bear S.A. de C.V. 326,638 815,431 Markserv, B.V. 4,180 947 2,767 Bisol Vallarta S.A. de C.V. (85,975) (93,125) Marksol Turizm (40,452) (60,018) (48,803) C.H.H.M. S.A. de C.V. 983,065 1,617,262 Marktur Turizm 14,002 17,725 C.T. Cozumel/Caribotels de Mésxico (1) 140,673 Meliá Brasil Administraçao (14,533) (30,120) (40,789) C.Tunissienne de G.H. (541) (2,256) 218 Melia International Hotels, S.A 195,676 917,783 1,255,861 Cala Formentor S.A. de C.V. 3,251,821 4,873,370 Melia Inversiones Americanas NV 191,068 191,894 Casino Paradisus (26,887) (50,347) Melia Management Co. (35,625) (50,915) (87,014) D.H. San Juan 87 90 Meliá Venezuela S.A. 15,823 13,950 13,539 D.Mk.Services/Inversiones Coro (161,676) (59,645) Melsol Management B.V. (388) (121) (122) D,T.C./Marmer (56,201) (1,209,189) Melsol Portugal 29 (14,271) (14,270) D.T.Caribe N.V. 525,835 995,415 Neale/Inversiones Agara 281,389 647,910 Desarrollos Sol S.A. 4,492 19,948 Operadora Costarisol (17,566) (6,765) (31,821) Dominican Investment NV 13,276 26,926 Operadora Mesol, S.A. De C.V. (217,579) 67,061 218,267 Farandole B.V. (156) (180) O. Paseo de la Reforma S.A. de C.V. 21 170,054 Gesmesol, S.A. 8,505 401,678 603,209 Randlestop 119,060 220,353 Grupo Sol Asia Ltd. (6,476) 23,763 40,042 San Juan Investment 87 90 Grupo Sol Services (2,564) 3,484 2,015 Servicios Corp. Mesol, S.A. de C.V. (8,825) 13,334 H.Meliá Intnal de Colombia (968) (1,053) (2,296) Sol Finance (5,314) (7,863) Hoteles Sol Internacional 1,071 1,030 Sol Group B.V. (37) (22) (22) Ihla Bela de Gestao e Turismo 0 (742) Sol Group Co. 9,113 24,291 35,540 Impulse Development Inc. 0 397 Sol Holding Co. 899 2,200 Impulse H. Development (15) (17) Sol Hotel Management Co. 1,059 1,128 Inmotel I. Italia (0) (37.327) Sol Hotel Miami Beach (541) (1,607) Inmotel Internacional 123 731 Sol Hotel U.K. Ltd (24,941) (53,274) (289,154) Inversiones Inmobiliarias IAR (141,186) (223,622) Sol Maninvest, B.V. 4,966 2,999 2,998 Inversiones Jacuey 0 (6,470) Sol Meliá Croacia (826) 1,100 1,096 Inversiones Turísticas del Caribe 342 (2,249) (2,995) Sol Melia Guatemala (2,668) (1,334) 3,639 Irton Co./Inversiones Guamá (1,860) 101,799 Sol Meliá Investment NV (142,093) (182,782) (182,817) Latin America Logistics Co. (1,138) (3,045) Sol Meliá Perú S.A. 0 (231) Lirax 184 272 Sol Meliá Sevice 17,021 14,916 105,195 Lomondo Ltd. 96,543 161,513 Tryp Meditérranée 0 (7,394) M.I.H. U.K. LTD (225) (830) (935) Marina International Holding (30,954) (31,062) (21,668) TOTAL (290,189) 6,378,310 9,865,367 S OL M ELIÁ A NNUAL R EPORT 2000 125
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EQUITY<br />
The balances of the above table are broken down by each Group subsidiary in which the parent company owns a direct or<br />
indirect share (See Note 2). Nevertheless, the companies (1), which have the same business line, given the shareholding<br />
structure of the subsidiaries, are presented jointly to faciliate comprehension of their contribution to the consolidated<br />
Group.<br />
The additions in the companies residing in Mexico (Bear. S.A. de C.V., Bisol Vallarta, S.A. de C.V., Corporación Hotelera<br />
Hispano Mexicana, S.A. de C.V.,Controladora Turística Cozumel S.A. de C.V., Caribotels de México, S.A. de C.V., Cala<br />
Formentor, S.A. de C.V., and Operadora Mesol, S.A. de C.V.) and Venezuela (Inversiones Inmobiliarias IAR), countries<br />
with high inflation rates, are due mainly to these companies’ obligation to restate their financial statements.<br />
Additions included for the D.T.C./Marmer group of companies relate mainly to a dividend collected for the sale of Hotel<br />
Meliá Bavaro.<br />
The other movements relate mainly to the changes introduced in the consolidation scope as described in Note 2.3. and to<br />
the adjustments for write-off of provisions and dividends made in the consolidation process.<br />
18.4 Reserves of companies consolidated by the equity method<br />
The movements in this heading of the liabilities side of the consolidated balance sheet relate to the distribution of the 1999<br />
results.<br />
The breakdown of this heading of the consolidated balance sheet, by companies, is as follows:<br />
(Thousands of pesetas)<br />
BALANCE AT BALANCE AT 1999 ADDITIONS TRANSFERS DISPOSALS BALANCE AT<br />
31/12/1998 31/12/1999 RESULTS 31/12/2<strong>00</strong>0<br />
Agotel Gmbh (195,357) (131,644) (269,693) (596,694)<br />
Aparthotel Bosque, S.A. 43,789 35,893 17,182 (24,293) (6,064) 22,718<br />
C.P. Meliá Castilla 256,870 234,9<strong>00</strong> 5,052 (180,522) (4,064) 312,236<br />
C.P.Meliá Costa del Sol 154,616 219,368 82,661 (63,081) (594) 238,357<br />
Casino Tamarindos, S.A. 205,271<br />
Hellenic Hotel Management (8,685) (13,664) 25,592 3,243<br />
Hotel Campus, S.L.<br />
Hotel Las Américas, S.A. 26,940 (72,025) (26,039) 98,065<br />
I.Turísticas Casas Bellas, S.L. 6 245 (1,617) (1,366)<br />
Meliá Inversiones Americanas, N.V. (91,367)<br />
Meliá Mérida, S.L.<br />
Nexprom, S.A. 153,911 34,147 1,162 (73,052) 116,168<br />
Promedro, S.A. (2,813) 5,887 (3,074)<br />
Sofía Hoteles, S.L.<br />
Sol Hoti Portugal Hoteis 257 5,<strong>00</strong>9 11,029 16,038<br />
Sol Meliá Travel, S.A.<br />
Touroperador Viva Tours, S.A. (53,216) 317,440 (9,945) 254,279<br />
TOTAL 339,506 392,171 161,249 6,459 (990) (193,913) 364,978<br />
S OL<br />
M ELIÁ<br />
A NNUAL R EPORT 2<strong>00</strong>0<br />
124
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