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146
CONSOLIDATED FINANCIAL STATEMENTS
Notes to the consolidated fi nancial statements
Note 15 Breakdown of income statement and segment reporting
Primary segment reporting is business-related, inasmuch as it represents the group’s management structure and is presented on the basis of
the following business segments:
• Rental of Haussmann-style properties;
• Hotel property rental.
Secondary segment reporting is by geographic region:
• Lyons region;
• Marseilles region.
(€ thousands) 12/31/2009 B&B Hotels
Haussmannstyle
properties Lyons Marseilles
Revenues: rental income 65,060 30,938 34,122 15,963 18,159
Other operating income 6,399 2,341 4,058 1,327 2,731
Total operating income 71,459 33,279 38,180 17,290 20,890
Property expenses (9,759) (2,023) (7,736) (2,258) (5,478)
Other operating expenses (848) - (848) (442) (406)
Total operating expenses (10,607) (2,023) (8,584) (2,700) (5,884)
Net operating income from property 60,852 31,256 29,596 14,590 15,006
Income from disposal of inventory - - - - -
Capital gain (losses) from disposal of assets 2,150 - 2,150 911 1,239
Net operating income from property
after disposals
63,002 31,256 31,746 15,501 16,245
Employee benefi ts expenses (7,222) (1,444) (5,778) (1,950) (3,828)
Other management expenses (3,696) (877) (2,819) (951) (1,868)
Other income 1,906 - 1,906 434 1,472
Other expenses (458) (29) (429) (90) (339)
Depreciation & amortisation (333) (67) (266) (90) (176)
Other operating provisions (net of reversals) (475) - (475) (116) (359)
Net o perating income (before changes
in fair value of property)
ANF • 2009 ANNUAL REPORT
52,724 28,839 23,885 12,738 11,146
Changes in fair value of property (89,478) (25,134) (64,344) (21,360) (42,984)
Net o perating income (after changes
in fair value of property)
(36,754) 3,705 (40,459) (8,622) (31,838)
Net fi nancial expense (16,152) (9,868) (6,284) (2,121) (4,163)
Financial amortisation and provisions 29 6 23 8 15
Changes in fair value of fi nancial instruments 902 725 177 115 62
Discounting of receivables and liabilities - - - - -
Share of income from entities accounted for by the
equity method (pending consolidation of SGIL)
(100) - (100) - (100)
Net i ncome before tax (52,075) (5,431) (46,643) (10,620) (36,024)
Current taxes (1,902) - (1,902) (1,897) (5)
Exit tax - - - - -
Deferred taxes - - - - -
Consolidated net income (53,977) (5,431) (48,545) (12,517) (36,029)
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Contents
OTHER GENERAL INFORMATION PRO FORMA FINANCIAL INFORMATION ANNUAL FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS INFORMATION ABOUT ANF DESCRIPTION OF THE BUSINESS