SOL MELIA ANNUAL REPORT 00 COMP

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NON-TRADE DEBTS 22.3 Balances with subsidiaries The short-term Group companies’ balances with subsidiares are detailed below: (Thousands of pesetas) BALANCE 31/12/98 BALANCE 31/12/99 BALANCE 31/12/00 DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT Apartotel Bosque, S.A. 3,203 57,249 61,310 59,857 Agotel, Gmbh 551,528 Bisol Investment, N.V. 11,630 C.P. Meliá Castilla 338,487 21 C.P. Meliá Costa del Sol 72,849 Caribotels de Mexico, S.A. de C.V. 10,430 Casino Tamarindos, S.A. 510,384 Corporación H. Metor 191,183 Deserrolladora H. Del Norte 310,613 Detur Panama 2,788 30,424 F.S.P.Tourizm 25,507 Gupe-Inmobiliária, S.A. 177,540 Helenic Hotel Management 12,978 9,282 33,990 Hotel las Américas S.A. 69,457 Melia Inversiones Americanas 63,518 Melia Mérida, S.L. 127.662 Mogan Promociones, S.A. De C.V. Nexprom, S.A. 651 99,282 Santo Domingo Logistics 17,323 Sofía Hoteles, S.L. 26,478 Sol Hoti Portugal Hotels 415 4,336 478 7,432 78 7,992 Sol Melia France, S.A. 270 Sol Melia Marruecos, S.A. 159 Sol Melia Travel, S.A. 1,537 193,975 TOTAL 80,114 571,969 110,716 7,432 1,542,070 779,993 22.4 Other non-trade debts The breakdown of this heading by concepts is as follows: (Thousands of pesetas) SHORT-TERM LONG-TERM DEFERRED TAXES ON PROFIT 401,565 12,216,954 GUARANTEE DEPOSITS RECEIVED 93,351 491,431 REMUNERATION PENDING PAYMENT 2,379,561 PUBLIC TREASURY 2,989,321 84,886 SOCIAL SECURITY 869,941 PUBLIC TREASURY VAT PAYABLE 401,158 FIXED ASSETS SUPPLIERS 763,194 OTHERS 344,367 705,468 TOTAL OTHER CREDITORS 8,242,457 13,498,739 S OL M ELIÁ A NNUAL R EPORT 2000 136
23 Fiscal Situation 23.1 Taxable income In accordance with the prevailing legal regulations, tax returns cannot be considered final until they have been inspected by the tax authorities or the 4-year inspection period has elapsed, which may be extended due to tax inspection proceedings. In this regard the Group companies are open to tax inspection for the following taxes and years: CORPORATION TAX YEARS 1996 to 1999 SALARY WITHHOLDINGS FOR INCOME TAX YEARS 1997 to 2000 V.A.T. YEARS 1997 to 2000 CANARY ISLANDS GENERAL TAX YEARS 1997 to 2000 Inmotel Inversiones, S.A. (company absorbed in 1999) has been inspected for individual and consolidated corporation tax for 1994 to 1997, V.A.T. and withholdings on interest for 1995 to 1997 and for salary income tax withholdings for 1995 to 1998. For this reason, the statute of limitations for inspection of Inmotel Inversiones, S.A. (absorbed company) is only 1998 for corporation tax, V.A.T. and withholdings on interest and 1997 and 1998 for the Canary Islands general tax. The tax credits derived from tax losses pending set-off are recorded for the amount of the deferred taxes existing at year-end. 23.2 Deferred tax assets and liabilities The breakdown of deferred tax assets and liabilities, in thousands of pesetas, is as follows: (Thousands of pesetas) CREDITORS SHORT-TERM LONG-TERM DEFERRED TAX ON PROFIT 401,565 12,216,954 TOTAL 401,565 12,216,954 S OL M ELIÁ A NNUAL R EPORT 2000 137
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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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CONSOLIDATION SCOPE COMPANY ADDRESS
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Page 91 and 92: ACCOUNTING PRINCIPLES Credits and d
Page 93 and 94: ACCOUNTING PRINCIPLES 5.9 Investmen
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Page 97 and 98: 6 Goodwill on Consolidation Goodwil
Page 99 and 100: GOODWILL ON CONSOLIDATION 6.2 Compa
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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 115 and 116: 13 Deferred Expenses (Thousands of
Page 117 and 118: 15 Debtors The breakdown of the sho
Page 119 and 120: 18 Equity The breakdown and movemen
Page 121 and 122: EQUITY The breakdown of the balance
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: NON-TRADE DEBTS As indicated in Not
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
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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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SOL MELIA ANNUAL REPORT 00 COMP

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