SOL MELIA ANNUAL REPORT 00 COMP

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CONSOLIDATION SCOPE 2.4 Changes in the consolidation scope Shares of Meliá Inversiones Americanas were acquired during 2000, so that the participation in the latter at year-end is of 98.21%. This participation increase is also reflected in the increase in the participation in its subsidiaries. At the end of 1999 the Sol Meliá Group in France acquired companies that own (A) eight hotels. These companies were not included in the consolidation scope of the 1999 annual accounts and the investment was recorded at cost. In 2000, after integrating their management, these companies are consolidated under the full consolidation method in the Group’s financial information. Shares of Controladora Turística Cozumel, S.A. de C.V. were acquired and in 2000 a participation of 50.51% is held in this company which, in turn, is the owner of 100% of Caribotels S.A. de C.V., which owns and operates the hotels Paradisus Cozumel and Sol Cabañas del Caribe. As explained in Note 1, the companies (B) forming the Tryp S.A. Hotel Chain were acquired and therefore their financial information is included under the full consolidation method. The participation in Sofía Hoteles S.L., manager of the hotel Sofía Parquesol, was included by the equity method. The Group has increased its participation from 8.7% up to 97.23% in Azafata S.A., which owns and operates the hotel Meliá Confort Azafata, and was consolidated in the current year by the equity method. In May the Group acquired 40% of Hotel Campus S.L., which owns and operates the hotel Meliá Campus. Therefore it will be consolidated by the equity method. Meliá Catering S.A., with a 100% participation of Sol Meliá, was formed to render catering services in view of the company’s experience in the restaurant trade. Sol Meliá has also acquired Sol Meliá Benelux, S.A., which owns and operates the Meliá Avenue Louise Boutique, a hotel in Belgium. The participation is 100% and its financial information is consolidated under the full consolidation method. The changes that took place in the consolidation scope in 2000 are indicated below: S OL M ELIÁ A NNUAL R EPORT 2000 86
CONSOLIDATION SCOPE ADDITIONS INCREASE OF PARTICIPATION % DISPOSALS (B) AKUNTRA s. XXI S.L. AGOTEL GMBH LAVADORAS INDUSTRIALES DE GUADALAJARA (*) AZAFATA S.A. BISOL VALLARTA S.A. SAFIVIC, S.A. (*) (A) CADLO FRANCE S.A. CALA FORMENTOR S.A. SERVICIOS CORPORATIVOS MESOL (**) (A) CADSTAR FRANCE S.A. CASINO PARADISUS S.A. SOL HOLDING CORPORATION (***) CARIBOTELS DE MEXICO S.A COM PROP MELIA CASTILLA SOL HOTEL MANAG COMPANY (***) (B) CONSORCIO EUROPEO, S.A. COM PROP MELIA SOL Y NIEVE SOL HOTEL MIAMI BEACH (***) CONTROLADORA TURISTICA COZUMEL CORP HOT HISPANO MEXICANA (A) CORBEIL H.P. COLOMBRES DES HOT SAN JUAN B.V. (B) DARCUO s. XXI S.L. DES TUR DEL CARIBE N.V. (A) HOTEL ABBAYE THELEME S.A. DES TURISTICOS DEL CARIBE (A) HOTEL ALEXANDER S.A. DESARROLLOS SOL (A) HOTEL BLANCHE FONTAINE S.A. DOMINICAN INVESTMENT (A) HOTEL BOULOGNE ADAGIO S.A. DOMINICAN MARKETING SERV HOTEL CAMPUS S.L. FARANDOLE B.V. (A) HOTEL FRANCOIS S.A. HOTELES TURISTICOS S.A. (A) HOTEL MADELEIN PALACE INV INMOBILIARIAS IAR 1997 (A) HOTEL METROPOLITAIN INV TURISTICAS CASAS BELLAS (A) HOTEL ROYAL ALMA INVERSIONES AGARA S.A. HOTELES MELIA S.L. INVERSIONES CORO S.A. HOTELES SOL MELIA S.L. INVERSIONES GUAMA HOTELES SOL S.L. IRTON COMPANY N.V. (B) IHLA BELA GESTAO E TURISMO LATINAMERICAN LOGISTIC (B) INMOBILIARIA BULMES, S.A. MARMER S.A. INVERSIONES JACUEY MELIA INVERSIONES AMERICANAS (A) LONDIM FRANCE MOT GRANDES RUTAS ESPAÑOLAS (A) LSO FRANCE INVESTMENTS S.A. NEALE, S.A. MELIA CATERING NEXPROM S.A. (B) PARKING INTERNACIONAL, S.A. OP. PASEO DE LA REFORMA S.A. PROPIDADES EN ARRIENDO, S.L. PLAYA SALINAS (B) SECADE s. XXI S.L. RANDLESTOP CORP. N.V. SILVERBAY S.L. SAN JUAN INVESTMENT (B) SOFIA HOTELES S.L. URME REAL S.R. SOL MELIA BENELUX B.V. (A) SOL MELIA FRANCE SOL MELIA PERU SOL MELIA TRAVEL S.A. (B) TRIBENOL S.L. (B) TRYP MEDITERRANEE (B) TRYP S.A. (A) (B) Companies of the Sol Meliá Group in France Companies of the Tryp Hotel Chain (*) Sold companies (**) Merger with operadora mesol (***) Dissolved companies S OL M ELIÁ A NNUAL R EPORT 2000 87
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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
Page 37 and 38: MILESTONES 2000 · RESEARCH & DEVEL
Page 40: MILESTONES 2000 · EVERYTHING IS PO
Page 43 and 44: MILESTONES 2000 · QUALITY & ENVIRO
Page 46 and 47: MILESTONES 2000 · COMPANY AND SOCI
Page 49: SOL MELIÁ IN THE 21 ST. CENTURY Lo
Page 53 and 54: SOL MELIÁ IN THE 21 ST. CENTURY ·
Page 56: SOL MELIÁ IN THE 21ST. CENTURY ·
Page 59 and 60: GOOD GOVERNANCE CODE The Board of D
Page 61 and 62: GOOD GOVERNANCE CODE that the relat
Page 63 and 64: GOOD GOVERNANCE CODE 11 Selection a
Page 65 and 66: GOOD GOVERNANCE CODE fees or other
Page 67 and 68: GOOD GOVERNANCE CODE Amongst the nu
Page 69: GOOD GOVERNANCE CODE This recommend
Page 72: OFFICIAL COMMUNIQUÉS 25th. July Wi
Page 77 and 78: CONSOLIDATED LIABILITIES In thousan
Page 79 and 80: CONSOLIDATED PROFIT AND LOSS ACCOUN
Page 81 and 82: 2 Consolidation Scope 2.1 Subsidiar
Page 83 and 84: CONSOLIDATION SCOPE COMPANY ADDRESS
Page 85: CONSOLIDATION SCOPE 2.3 Companies e
Page 89 and 90: 4 Appropriation of Results The Boar
Page 91 and 92: ACCOUNTING PRINCIPLES Credits and d
Page 93 and 94: ACCOUNTING PRINCIPLES 5.9 Investmen
Page 95 and 96: ACCOUNTING PRINCIPLES 5.20 Corporat
Page 97 and 98: 6 Goodwill on Consolidation Goodwil
Page 99 and 100: GOODWILL ON CONSOLIDATION 6.2 Compa
Page 101 and 102: 8 Participations by the Equity Meth
Page 103 and 104: 10 Intangible Fixed Assets The brea
Page 105 and 106: 11 Tangible Fixed Assets The moveme
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
Page 113 and 114: INVESTMENTS 12.3 Other long-term re
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 and 136: NON-TRADE DEBTS As indicated in Not
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23 Fiscal Situation 23.1 Taxable in
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FISCAL SITUATION As a result of the
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FISCAL SITUATION 2000 Consolidated
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GUARANTEES, COMMITMENTS AND CONTING
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INCOME AND EXPENSES 25.3 Consolidat
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INCOME AND EXPENSES (Thousands of p
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26 Retribution and other Benefits t
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This report analyses trends in the
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BUSINESS TRENDS Statistics for the
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3 Post-balance Sheet Events. On Feb
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5 Research and Development Sol Meli
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SOL MELIA ANNUAL REPORT 00 COMP

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