SOL MELIA ANNUAL REPORT 00 COMP

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NON-TRADE DEBTS (Thousands of pesetas) LOANS AND CREDIT LINES DETAILS OF CREDIT LINES S/T L/T TOTAL LAST LIMIT BALANCE BALANCE CURRENCY MATURITY MATURITY MATUR. MATUR. BALANCE AVAILABLE USED B.S.C.H. 970,540 970,540 7/5/2001 1,000,000 29,460 970,540 PTA. B.S.C.H. 783,906 783,906 26/11/2002 1,000,000 216,094 783,906 PTA. BANCA DI ROMA 178,024 178,024 20/5/2002 187,500 9,476 178,024 PTA. BANCAJA 367,649 367,649 22/10/2002 400,000 32,351 367,649 PTA. BANESTO 3,468,716 3,468,716 29/6/2001 3,500,000 31,284 3,468,716 PTA. BANKINTER 507,477 507,477 19/2/2011 500,000 (7,477) 507,477 PTA. BANKINTER 971,732 971,732 21/4/2011 1,000,000 28,268 971,732 PTA. BARCLAYS 910,827 910,827 28/7/2002 1,000,000 89,173 910,827 PTA. C.A.M. 1,897,173 1,897,173 16/12/2001 1,000,000 (897,173) 1,897,173 PTA. CAIXA CATALUNYA 296,902 296,902 31/7/2001 500,000 203,098 296,902 PTA. CAJA MADRID 1,464,928 1,464,928 1/1/2002 1,500,000 35,072 1,464,928 PTA. CREDITO BALEAR 66,143 66,143 3/10/2001 100,000 33,857 66,143 PTA. CHASE MANHATTAN 1,482,094 1,482,094 2/3/2003 1,500,000 17,906 1,482,094 PTA. DEUTSCHE BANK 279,350 279,350 8/9/2002 1,000,000 720,650 279,350 PTA. DRESDNER 1.003,205 1,003,205 30/1/2002 1,000,000 (3,205) 1,003,205 PTA. HERRERO 304,310 304,310 20/2/2001 400,000 95,690 304,310 PTA. LA CAIXA 3,011,996 3,011,996 30/4/2003 3,000,000 (11,996) 3,011,996 PTA. MARCH 228,026 228,026 15/10/2006 250,000 21,974 228,026 PTA. MARCH 251,708 251,708 15/10/2006 300,000 48,292 251,708 PTA. POPULAR 243,382 243,382 13/4/2001 250,000 6,618 243,382 PTA. SA NOSTRA 541,116 541,116 30/9/2002 750,000 208,884 541,116 PTA. SOLBANK 987,515 987,515 4/9/2003 1,000,000 12,485 987,515 PTA. LEASINGS 6,972,701 10,860,206 17,832,907 PTA. INTEREST PAYABLE 297,326 297,326 PTA. SUB-TOTAL 16,485,648 50,732,162 67,217,810 27,437,500 1,343,884 26,093,616 SOL MELIA CROACIA LEASING 666 666 KUNA TENERIFE SOL, S.A. LEASING 16,557 2,316 18,873 PTA. TRYP, S.A. B.B.V.A. 17,663 17,663 14/9/2001 300,000 282,337 17,663 PTA. BANC SABADELL 26,730 26,730 22/6/2001 100,000 73,270 26,730 PTA. BANCO DE VALENCIA 2,016 2,016 8/7/2001 50,000 47,984 2,016 PTA. BANCO GALLEGO 59,474 59,474 17/3/2001 100,000 40,526 59,474 PTA. BANCO ZARAGOZANO 2/11/2001 100,000 100,000 PTA. BANESTO 21/2/2001 150,000 150,000 PTA. BANESTO 1,696 1,696 17/3/2001 100,000 98,304 1,696 PTA. BANKINTER 164,850 164,850 23/2/2001 300,000 135,150 164,850 PTA. BCO. POPULAR ESPAÑOL 12/4/2001 125,000 125,000 PTA. CAJA MADRID 214,917 214,917 27/10/2001 300,000 85,083 214,917 PTA. DEUTSCHE BANK 302,721 302,721 14/10/2001 150,000 (152,721) 302,721 PTA. LA CAIXA 47,588 47,588 25/2/2001 100,000 52,412 47,588 PTA. LEASING 36,031 36,031 PTA. BILLS DISCOUNTED 82,000 82.000 PTA. INTEREST PAYABLE 3,822 3,822 PTA. SUB-TOTAL 923,477 36,031 959,508 1,875,000 1,037,345 837,655 TRYP MEDITERRANEE, S.A. CREDITS 44,223 3,771 47,994 DINAR INTEREST PAYABLE 21,238 21,238 USD SUB-TOTAL 21,238 21,238 TOTAL 24,805,414 101,142,984 125,948,398 29,812,500 2,649,327 27,163,173 (1) On December 29, 1995 an agreement was reached with Caja Madrid guaranteeing the payments of principal and interest in pesetas. Most of the loans and credit lines detailed above are backed by mortgage guarantee. S OL M ELIÁ A NNUAL R EPORT 2000 134
NON-TRADE DEBTS As indicated in Note 27, on February 9, 2001 bonds with five-year maturities were issued for Euros 340 million to finance the operations carried out during the current year, which were applied to repay the balances used of nearly all the shortterm credit lines. Therefore, all the balances of the credit lines maturing in less than one year used to finance these operations have been reclassified to long-term in order to give a true and fair view of the Group’s net financial position in the presentation of the financial statements. On the formulation date of these annual accounts, the loan of Inmobiliaria Bulmes, S.A. with B.B.V.A. for Ptas. 1,314 million was cancelled and a new loan was granted by EURO HYPO for Ptas. 8,240 million which matures in 2018. For this reason, this balance was reclassified to long-term to better reflect the Group’s net financial position in the notes to the consolidated annual accounts. The breakdown of maturities in millions of pesetas is as follows: (Thousands of pesetas) YEAR AMOUNT 2001 24.805 2002 14.540 2003 12.344 2004 9.580 2005 and following 64.679 TOTAL 125.948 The average interest rate accrued by the aforementioned loans plus the issue of bonds during the current year is 5.67%. S OL M ELIÁ A NNUAL R EPORT 2000 135
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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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GOOD GOVERNANCE CODE This recommend
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OFFICIAL COMMUNIQUÉS 25th. July Wi
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CONSOLIDATED LIABILITIES In thousan
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CONSOLIDATED PROFIT AND LOSS ACCOUN
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2 Consolidation Scope 2.1 Subsidiar
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Page 91 and 92: ACCOUNTING PRINCIPLES Credits and d
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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
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Page 117 and 118: 15 Debtors The breakdown of the sho
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Page 121 and 122: EQUITY The breakdown of the balance
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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
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Page 137 and 138: 23 Fiscal Situation 23.1 Taxable in
Page 139 and 140: FISCAL SITUATION As a result of the
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Page 143 and 144: GUARANTEES, COMMITMENTS AND CONTING
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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
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