SOL MELIA ANNUAL REPORT 00 COMP
SOL MELIA ANNUAL REPORT 00 COMP
SOL MELIA ANNUAL REPORT 00 COMP
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ACCOUNTING PRINCIPLES<br />
5.24 Provision for bad debts<br />
The provision for bad debts aims to cover the possible losses that might incur in the full recovery of the accounts receivable.<br />
This provision appears under “Debtors” on the assets side of the consolidated balance sheet. At year end, the provisions<br />
are applied to the respective concepts.<br />
5.25 Subsidiaries and associated companies<br />
In this respect, please see Note 2 where subsidiaries and associated companies are detailed.<br />
5.26 Modifications to the consolidation scope<br />
Modifications to the consolidation scope are identified and explained in Note 2.<br />
5.27 Income from time-sharing<br />
Income from time-sharing is accounted for according to cash criteria, which is more prudent than the sale criteria applied<br />
to the building, whose ceded right of use is equivalent to the useful life.<br />
S OL<br />
M ELIÁ<br />
A NNUAL R EPORT 2<strong>00</strong>0<br />
96
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