Key indicators

HP-Novotel-Hyderabad-Convention-Centre-Inde

HP-Novotel-Hyderabad-Convention-Centre-Inde

Income statements
in million of euros 2012 2013 Restated 2014(1) 2015 2016 2016(4) IFRS 5 2017 IFRS 5
Consolidated revenue 5,649 5,425 5,454 5,581 5,631 1,646 1,937
EBITDAR 1,788 1,731 1,772 1,780 1,781 604 -
Operating Profit Before Tax and non-recurring items 468 442 578 605 571 286 467
Net Income, Group Share (599) 126 223 244 265 265 441
Earnings per share (in €) (2.64) 0.55 0.96 0.88 0.88 0.88 1.40
Dividend per Share (in €) 0.76(2) 0.80(3) 0.95 1.00 1.05 1.05 1.05

(1) With the application of IFRS 11 since January 2014, joint ventures may no longer be consolidated using the proportional method, but instead must be accounted for by the equity method in the same way as associates. 2013 results figures have been adjusted accordingly.

(2) 2012 dividend submitted for approval at the shareholders' meeting of April 25, 2013.

(3) Ordinary dividend per share recommended by the Board of Directors to the Annual Shareholders’Meeting of April 29,2014

(4) HotelInvest's revenues and costs in the process of being sold are reclassified as Income from discontinued operations.

Complete financial data can be found in the "registration document (pdf - 13,8 mb)" filed with France's securities regulator (AMF).

In accordance with European Commission Regulation on the application of international Financial Reporting Standards, the 2005 AccorHotels Group consolidated financial statements, including comparative figures for 2004, have been prepared with the International Accounting Standards and International Financial Standards (IAS/IFRS) from January 1, 2005.
Historical datas in French accounting standards are available in corresponding registration document (pdf - 13,8 mb).

Balance sheets - Assets
in million of euros 2012 2013* 2014 2015 2016 2016 IFRS 2017 IFRS 5
Goodwill 840 691 701 697 1,817 1,496 1,500
Intangible fixed assets 264 281 283 307 2,433 2,401 2,302
Property, plant and equipment 2,592 2,396 3,157 3,024 3,682 562 662
Total financial assets 632 548 586 654 987 844 830
Total non-current assets 4,479 4,065 4,794 4,756 9,184 5,545 5,430
Total current assets 2,925 2,877 3,614 3,990 2,630 1,861 1,821
Assets held for sales - - - - 50 4,457 4,824
Total assets 7,560 7,003 8,754 8,953 11,864 11,864 12,076

* With the application of IFRS 11 since January 2014, joint ventures may no longer be consolidated using the proportional method, but instead must be accounted for by the equity method in the same way as associates. 2013 results figures have been adjusted accordingly.

Balance sheets - Liabilities and Shareholders' equity
in million of euros 2012 2013* 2014 2015 2016 2016 IFRS 5 2017 IFRS 5
Shareholders' equity Group share 2,759 2,538 3,657 3,762 5,658 5,658 5,485
Shareholders' equity 2,989 2,752 3,869 3,916 5,925 5,925 5,826
Total non-current liabilities 1,799 1,925 2,957 2,916 3,052 2,907 3,287
Total current liabilities 2,736 2,300 1,907 2,031 2,878 1,855 1,431
Liabilities related to assets held for sales - - - - 9 1,177 1,532
Total liabilities and shareholders' equity 7,560 7,003 8,754 8,953 11,864 11,864 12,076

* With the application of IFRS 11 since January 2014, joint ventures may no longer be consolidated using the proportional method, but instead must be accounted for by the equity method in the same way as associates. 2013 results figures have been adjusted accordingly.

Cash flow statements
in millions of euros 2012 2013 Restated* 2014 2015 2016 IFRS 2017 IFRS
Funds from ordinary activities 786 707 767 814 867 970
Net cash from operating activities 709 848 875 886 779 1,207
Renovation and maintenance expenditure (299) (264) (262) (269) (137) (110)
Development expenditure (676) (190) (1,313) (366) (3,067) (408)
Proceeds from disposals of assets 371 334 128 356 158 147
Net cash used in investments/divestments 529 (120) (1,447) (280) (3,738) (1,248)
Net cash from financing activities 440 (305) 1,505 (230) 1,677 54
Net change in cash and cash equivalents 498 54 784 266 (1,509) (262)

* With the application of IFRS 22 since January 2014, joint ventures may no longer be consolidated using the proportional method, but instead must be accounted for by the equity method in the same way as associates. 2013 results figures have been adjusted accordingly.
Adjusted for the effects of the change of method concerning customer loyalty programs.

Complete financial data can be found in the "registration document (pdf - 13,8 mb)" filed with France's securities regulator (AMF). In accordance with European Commission Regulation on the application of International Financial Reporting Standards, the 2005 AccorHotels Group consolidated financial statements, including comparative figures for 2004, have been prepared with the International Accounting Standards and International Financial Standards (IAS/IFRS) from January 1, 2005.
Historical datas in French accounting standards are available in corresponding registration document (pdf - 13,8 mb).

Segmentation information

Consolidated revenue for the end of december 2017 totaled €1,937 million, up 7.9% year on year at comparable scope of consolidation and exchange rates (like for like).
On a reported basis, it is up 17.7%.

HOTELSERVIceS 2017 full-year REVENUE

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