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Financial statements

CONSOLIDATED FINANCIAL STATEMENTS

5

The consolidated income statements of discontinued operations (including the profit or loss recognized on the disposal) classified in 2011 and 2012 in profit or loss from discontinued operations in Accor’s consolidated financial statements are presented below:

A. At December 31, 2012

Economy Hotels Onboard (in million of euros) US business Train Services

508 (353) 155 (58) 96 (48) 49 (7) -42 (1) (47) (10) (428) (444) (1) (445) (234) (679) Total 2012

CONSOLIDATED REVENUE 442 66

Operating expense (287) (66)

EBITDAR 155 (0)

Rental expense (57) (1)

EBITDA 97 (1)

Depreciation, amortization and provision expense (46) (1)

EBIT 51 (2)

Net financial expense (8) 1 Share of profit of associates after tax -

OPERATING PROFIT BEFORE TAX AND NON RECURRING ITEMS 43 (1)

Restructuring costs -(1) Impairment losses (47) Gains and losses on management of hotel properties (10) Gains and losses on management of other assets* (431) 3

OPERATING PROFIT BEFORE TAX (445) 1

Income tax expense 0 (1)

NET PROFIT (445)** (0) IMPACT OF REALIZED GAINS OR LOSSES (234)** 0

NET LOSS FROM DISCONTINUED OPERATIONS (679) (0)

* Including: wcosts associated with the exercise of purchase options on leased hotels for €(274) million; wcancellation of accounting entries recognizing rents on a straight-line basis following the purchase of the leased hotels, for €(123) million.