Consolidated Financial Statements 2006 - Browsable Version

INDEX

Consolidated managment report Consolidated balance sheets Consolidated profit and losss accounts Statements of changes in consolidated net equity Consolidated cash flow statements NH Hoteles, S.A. and dependent companies notes to the consolidated annual accounts for 2006 Activity and structure of the parent company Basis of presentation of the consolidated annual accounts and consolidation principles Basis of presentation of the annual accounts Currency of presentation Responsibility for information, estimates made and sources of uncertainty Consolidation principles used Distribution of net result Accounting policies Tangible fixed assets Goodwill on consolidation Intangible assets Impairment in value of tangible and intangible assets not including goodwill Leases Financial instruments Inventories Transactions and balances denominated in foreign currencies Classifying financial assets and debts as current and long-term Income and expense Official grants Corporation tax Commitments to staff Onerous contracts Compensation Plans based on share price Own shares held as treasury stock Environmental policy Consolidated cash flow statements Earnings per share Goodwill Intangible assets Rights of beneficial use Lease premiums Software Tangible fixed assets Holdings in associated companies Long-term financial investments Loans and accounts receivable not available for trading Other long-term financial investments

Inventories Trade debtors Short-term financial investments Financial investments at maturity Traded financial assets Cash and banks and other cash equivalents Net equity Subscribed capital stock Reserves of the Parent Company Reserves of subsidiaries Equity valuation adjustments Own shares Minority interests Debts to credit institutions Creditors under finance leases Other long-term liabilities Financial derivatives Provisions for liabilities and charges Tax matters Trade creditors Other current liabilities Guarantees given to third parties and contingent liabilities Income and expenses Income Financial income Staff costs Other operating expenses Operating leases Financial expenses Information by segment Information on main segments Information on secondary segments Remuneration and other declarations of the board of directors and senior managment Remuneration of the Board of Directors Senior management remuneration Details of participation by the Directors in similar businesses and pursuit of similar activities for their own account or the account of others Post-balance sheet events Information about environmental policy Explanation added for translation to english Appendix I: Dependent companies Appendix II: Joint ventures Appendix III: Associated companies