SOL MELIA ANNUAL REPORT 00 COMP

20 Deferred Income
20.1 Capital grants
The breakdown of the grants reflected in the balance sheet for each company and their accrual in the profit and loss account
of the current year are as follows:
(Thousands of pesetas)
BALANCE 31/12/98 BALANCE 31/12/99 BALANCE 31/12/00 ADDITIONS
B/S. P/L. B/S. P/L. B/S. P/L. 2000
AZAFATA, S.A. 4,180 849 5,028
DOCK TELEMARKETING, S.A. 3,000 500 2,500 500 2,000 500
HOTELES TURISTICOS, S.A. 18,436 2,179 16,257 2,179
INDUSTRIAS TURISTICAS, S.A. 7,261 443 6,818 443
INV. y EXPLOTACIONES TURISTICAS, S.A. 58,440 2,962 62,515 3,423 7,498
MOT. GRANDES RUTAS DE ESPAÑA, S.A. 1,059 41 1,019 41
SOL MELIA, S.A. 493,071 16,168 512,449 16,794 36,172
TOTAL 3,000 500 580,767 22,293 605,237 24,228 48,699
These grants were used mainly to finance purchases of tangible fixed assets.
20.2 Other deferred income
The breakdown of other deferred income reflected in the balance sheet for each company is as follows:
(miles de Pesetas)
BALANCE BALANCE BALANCE
30/12/98 31/12/99 31/12/00
BEAR, S.A. De C.V. 91,491 91,491
CALA FORMENTOR, S.A. De C.V. 341,954
M.I.H. U.K. Ltd. 5,449
MARKSOL TURIZM 11,360
MELIÁ INVERSIONES AMERICANAS, B.V. 561,451 302,175
SOL MELIÁ CROATIA, S.A. 969 33,274
SOL MELIÁ, S.A. 252,775 554,679 677,379
Unrealised foreign currency gains 252,775 1,567,352 1,104,319
Deferred interest 16,847 11,830
Deferred time sharing income 1,069,463 1,967,654
TOTAL 252,775 2,653,662 3,083,803
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M ELIÁ
A NNUAL R EPORT 2000
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