SOL MELIA ANNUAL REPORT 00 COMP

CONSOLIDATED LIABILITIES
In thousands of Pesetas
31/12/1998 31/12/1999 31/12/2000
A. EQUITY
I. SHARE CAPITAL 3,100,000 5,708,859 6,148,854
II. SHARE PREMIUM 33,095,450 100,418,656 132,298,900
III. REVALUATION RESERVE R.D.L. 7/96 8,032,947 8,032,947
IV. RESERVES
1. Distributable reserves 1,693 709,003 5,092,764
2. Reserve investments Canary Islands Law 19/94 951,121 2,033,319 3,265,127
3. Reserves in Cies. consolidated under full consolidation 4,623,663 26,064,671 38,184,435
4. Reserves in Cies. consolidated by equity method 339,506 392,171 364,978
5.Non-distributable reserves 1,101,089 1,837,935 2,953,870
6.Results from prior years 16,577 16,577
VII. FOREIGN CURRENCY GAINS/(LOSSES)
1. From Cies. consolidated under full consolidation (290,189) 6,378,310 9,865,367
2. From Cies. consolidated by equity method (610,117) (18,963) (3,475)
VIII. PROFIT AND LOSSES FROM PARENT COMPANY 6,915,775 14,643,755 18,745,790
1.Consolidated profit and losses 6,986,150 15,667,956 19,738,432
2.Profit and losses attributed to minority interests (70,375) (1,024,201) (992,642)
IX. INTERIM DIVIDEND PAID IN PREVIOUS YEAR (1,240,000)
TOTAL EQUITY 48,004,568 166,217,239 224,949,555
B. MINORITY SHAREHOLDERS 123,935 7,250,035 9,799,570
C. NEGATIVE CONSOLIDATION DIFFERENCE
1. From companies consolidated under full consolidation 238,091 2,520,938 3,716,226
2. From companies consolidated by equity method 32,633
TOTAL NEGATIVE CONSOLIDATION DIFFERENCE 238,091 2,520,938 3,748,859
D. DEFERRED INCOME
1.Capital grants 3,000 580,767 605,237
2. Other deferred income 252,775 2,653,662 3,083,803
TOTAL DEFERRED INCOME 255,775 3,234,429 3,689,040
E. PROVISIONS FOR LIABILITIES AND CHARGES 58,506 8,845,618 9,437,013
F. LONG-TERM LIABILITIES
I. Issue of debentures and other marketable securities 33,511,454 68,588,250
II. Debts with credit institutions 45,261 67,398,408 101,142,984
III. Debts with subsidiaries 115,996 66,284
IV. Other liabilities 335,251 12,798,810 13,498,739
TOTAL LONG-TERM LIABILITIES 496,508 113,774,956 183,229,973
G. SHORT-TERM LIABILITIES
I. Issue of debentures and other marketable securities 97,552 98,464
II. Debts with credit institutions 2,423,780 25,562,513 24,805,414
III. Debts with subsidiaries 571,969 7,432 779,993
IV.Trade creditors 867,735 11,797,816 19,473,781
V. Other non-trade debts 1,532,685 7,746,211 8,242,457
VI.Trade provisions 19,556 4,074 695,596
VII. Accrued expenses 761,938 1,077,958
TOTAL SHORT-TERM LIABILITIES 5,415,725 45,977,538 55,173,664
TOTAL LIABILITIES 54,593,109 347,820,752 490,027,675
S OL
M ELIÁ
A NNUAL R EPORT 2000
77