SECTION 1 -

Changes in Pro forma Equity
(in € millions)
Currency
translation
reserve
(1)
January 1, 2007 0 1 -
242
(1 464) -
New Services: Pro forma Financial Statements and Notes
December, 31, 2009
-
(1 463) 8 -
8 (1 455)
Issue of share capital
- in cash -
-
-
-
-
-
-
4 -
4 4
Dividends paid (4) -
-
- (134) -
-
(134) (15) - (15) (149)
Effect of changes in scope of combination -
-
-
-
(9) 273 264 (2) (1) (3) 261
Compensation costs for the period - sharebased
payments
-
-
2 -
-
-
2 -
-
- 2
Other comprehensive income (1) 2 -
-
-
-
1 (1) -
(1) -
Net profit for the period -
-
-
117 -
-
117 17 -
17 134
Total comprehensive income (1) 2 -
117 -
-
118 16 -
16 134
December 31, 2007 (1) 3 2 (1 481) (9) 273 (1 213) 11 (1) 10 (1 203)
Capital reduction
- 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)
(1) -
Total
minority
interests
(1) (1)
Dividends paid (4) -
-
- (162) -
-
(162) (14) - (14) (176)
Effect of changes in scope of combination -
-
-
-
127 (5) 122 1 (1) - 122
Compensation costs for the period - sharebased
payments
-
-
2 -
-
-
2 -
-
- 2
Other comprehensive income (58) (2) -
-
-
-
(60) 2 -
2 (58)
Net profit for the period -
-
-
152 -
-
152 25 -
25 177
Total comprehensive income (58) (2) -
152 -
-
92 27 -
27 119
December 31, 2008 (59) 1 4 (1 491) 118 268 (1 159) 24 (2) 22 (1 137)
Issue of share capital
- in cash -
-
-
-
-
-
-
7 -
7 7
Dividends paid (4) -
-
- (143) -
-
(143) (22) - (22) (165)
Effect of changes in scope of combination -
-
-
-
92 (4) 88 8 (4) 4 92
Compensation costs for the period - sharebased
payments
-
-
2 -
-
-
2 -
-
- 2
Other comprehensive income 67 (2) -
-
-
-
65 (1) -
(1) 64
Net profit for the period -
-
- (57) -
-
(57) 7 -
7 (50)
Total comprehensive income 67 (2) -
(57) -
-
8 6 -
6 14
December 31, 2009 8 (1) 6 (1 691) 210 264 (1 204) 23 (6) 17 (1 187)
(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 historical combined
financial statement’s “Basis of Preparation” note.
(3) External changes in consolidation 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 historical combined financial statement’s “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