SECTION 1 -

Changes in Historical Combined Equity
(in € millions)
Currency
translation
reserve
(1)
January 1, 2007 0 1 -
161
668 -
New Services: Historical Combined Financial Statements and Notes
December, 31, 2009
-
669 10 -
10 679
Issue of share capital
- in cash -
-
-
-
-
-
-
4 -
4 4
Dividends paid (4) -
-
- (134) -
-
(134) (15) - (15) (149)
Effect of changes in scope of combination -
-
-
-
(80) 273 193 (2) (1) (3) 190
Compensation costs for the period - sharebased
payments
-
-
2 -
-
-
2 -
-
- 2
Other comprehensive income (1) 2 -
-
-
-
1 (1) -
(1) -
Net profit for the period -
-
-
189 -
-
189 17 -
17 206
Total comprehensive income (1) 2 -
189 -
-
190 16 -
16 206
December 31, 2007 (1) 3 2 723 (80) 273 920 13 (1) 12 932
Capital reduction
- in cash -
-
-
-
-
-
-
(1) -
(1) (1)
Dividends paid (4) -
-
- (162) -
-
(162) (14) - (14) (176)
Effect of changes in scope of combination -
-
-
-
(240) (5) (245) 1 (1) - (245)
Compensation costs for the period - sharebased
payments
-
-
2 -
-
-
2 -
-
- 2
Other comprehensive income (58) (2) -
-
-
-
(60) 2 -
2 (58)
Net profit for the period -
-
-
212 -
-
212 25 -
25 237
Total comprehensive income (58) (2) -
212 -
-
152 27 -
27 179
December 31, 2008 (59) 1 4 773 (320) 268 667 26 (2) 24 691
Issue of share capital
- in cash -
Cumulative actuarial
gains (losses) on
defined benefit
plans
-
Cumulative
compensation
costs - share
based payments
-
Retained
earnings
and profit for
the period
-
Transactions
with Accor (2)
-
External
changes in
combination
scope (3)
-
Shareholders'
equity
-
Minority
interests
Transactions
with Accor (2)
7 -
Total
minority
interests
7 7
Dividends paid (4) -
-
- (143) -
-
(143) (22) - (22) (165)
Effect of changes in scope of combination -
-
-
-
(367) (4) (371) 8 (4) 4 (367)
Compensation costs for the period - sharebased
payments
-
-
2 -
-
-
2 -
-
- 2
Other comprehensive income 67 (2) -
-
-
-
65 (1) -
(1) 64
Net profit for the period -
-
-
11 -
-
11 7 -
7 18
Total comprehensive income 67 (2) -
11 -
-
76 6 -
6 82
December 31, 2009 8 (1) 6 641 (687) 264 231 25 (6) 19 250
f
(1) The €67 million favorable net exchange difference on translating foreign operations in 2009 is mainly attributable to the appreciation against
the euro of the Brazilian real (€59 million positive impact), the Swedish kronor (€2 million positive impact) and the Mexican peso (€2 million
positive impact) partly offset by the fall against the euro of the Argentinean peso (€4 million negative impact).
Year‐end euro exchange rates used to translate foreign operations in the combined financial statements were as follows:
GBP BRL MXN ARS SEK VEF / VEB*
December 31, 2007 0,7334 2,6144 16,0700 4,6364 9,4415 3 161,0
December 31, 2008 0,9525 3,2436 19,2330 4,8062 10,8700 2,9880
December 31, 2009 0,8881 2,5113 18,9220 5,4725 10,2520 6,1900
* On January 1, 2008, the Venezuelan bolivar (VEB) was replaced by the Venezuelan bolivar fuerte (VEF) which represents the equivalent of
1,000 VEBs.
(2) Transactions with Accor
These correspond for the most part to the impact of acquiring New Services entities previously owned by Accor. The accounting treatment of
these transactions is described in the paragraph “Companies owned by Accor entities as of January 1, 2007” of the “Basis of Preparation”
note.
(3) External changes in combination scope
These are mainly prepaid services companies acquired by the Accor Group. The accounting treatment of these transactions is described in
the paragraph “Acquisitions” of the “Basis of Preparation” note.
(4) Dividends paid
This corresponds to dividends paid by the Services entities to Hospitality entities, mainly Accor S.A.
Total
equity