SOL MELIA ANNUAL REPORT 00 COMP

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3 Basis of Presentation of the Consolidated Annual Accounts The accompanying consolidated annual accounts consist of the consolidated balance sheet and profit and loss account for the years 2000 and 1999 and of the consolidated Notes thereto for the year 2000. In addition, the consolidated balance sheet and profit and loss account, together with the breakdown of some balance sheet and profit and loss data as well as other consolidated information relating to the year 1998, are also included. 3.1 True and fair view The consolidated balance sheet and profit and loss account have been prepared from the internal accounting records of the parent company, Sol Meliá, S.A. and from the accounting records of the other companies included in the consolidation as detailed above. The figures of the consolidated balance sheet, consolidated profit and loss account and of the Notes to the accounts are expressed in thousands of pesetas, unless otherwise indicated. 3.2 Comparison of information The consolidated annual accounts at December 31, 2000 are presented following the structure established in the Spanish General Chart of Accounts, and also reflect the comparative figures of the two preceding year. In relation to the consolidation scope, the main changes, which took place in 2000 with respect to the preceding year, are explained in Note 2. During 1999, Sol Meliá, S.A. has concluded the Public Offering of Acquisition of Shares of MIA and the merger with Inmotel Inversiones, S.A. and includes in the 2000 balance sheet and profit and loss account the financial statements of the hotels acquired in France as well as the incorporation of the Tryp Hotel Chain. Given the circumstances indicated above, the balance sheet and profit and loss account figures for 2000, 1999 and 1998 are not comparable. 3.3 Consolidation principles The consolidation has been prepared according to the full consolidation method for the subsidiaries in which SOL MELIA, S.A. holds directly or indirectly more than 50% of the shareholding or exercises a control position. Minority interests in the net equity and results of the consolidated companies are presented under a separate heading in the consolidated balance sheet liabilities and in the consolidated profit and loss account, respectively. The companies with no direct or indirect majority holding by SOL MELIA, S.A. (between 20 and 50%), and those with a lower participation but in which the Company has significant influence, are presented in the consolidated balance sheet under the heading of Investments, “Participations consolidated by the equity method” for the book value of the participation. The participation of these companies in the consolidated results for the year is reflected in the accompanying consolidated profit and loss account as “Participation in profits of Companies consolidated by the equity method”. The Group’s “significant influence” relates to participations exceeding 3% in companies that are quoted on the Stock Exchange or where a significant influence exists with respect to the company’s management in case of companies that are not quoted on the Stock Exchange. S OL M ELIÁ A NNUAL R EPORT 2000 88
4 Appropriation of Results The Board of Directors of each company will propose the appropriation of results to the General Shareholders Meeting. The parent company, Sol Meliá, S.A., will propose that results be appropriated as follows: BASIS OF APPROPRIATION Profit and Loss (Net profit for 2000) 7,996,917 APPROPRIATION To legal reserve 87.999 To reserves for investments in the Canary Islands 3,265,636 To voluntary reserves 233,478 To dividends 4,409,804 At the General Shareholders’ Meeting, the Board of Directors will propose the distribution of a dividend of Ptas. 23’8660 per share, excluding own shares, for which a dividend of Ptas. 24’00 per share will be paid. S OL M ELIÁ A NNUAL R EPORT 2000 89
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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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Page 46 and 47: MILESTONES 2000 · COMPANY AND SOCI
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Page 59 and 60: GOOD GOVERNANCE CODE The Board of D
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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
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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 and 86: CONSOLIDATION SCOPE 2.3 Companies e
Page 87: CONSOLIDATION SCOPE ADDITIONS INCRE
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
Page 137 and 138: 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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