The Rezidor Hotel Group - Annual Report 2011

Financial Reports

CONSOLIDATED STATEMENT OF OPERATIONS 2010

7, 8, 37 9 10 11 12

864,213 –65,452 –303,120 –207,513 –13,551

785,715 –58,907 –278,947 –180,692 –13,116

274,577

254,053

–242,145 2,639

–224,861 2,266

35,071

31,458

19, 20 6, 19, 20 14 7

–31,578 –11,583 423 –7,667

–30,976 –532 3,961 3,911

Financial income Financial expense Profit/loss before tax

15 15

1,439 –2,409 –8,637

831 –4,531 211

Income tax expense Loss for the year

16

–3,268 –11,905

–2,865 –2,654

–11,905 2 –11,903

–2,481 –173 –2,654

Revenue Costs of goods sold for Food & Beverage and other related expenses Personnel cost and contract labour Other operating expenses Insurance of properties and property tax Operating profit before rental expense and share of income in associates and before depreciation and amortisation and gain on sale of shares and of tangible assets (EBITDAR) Rental expense Share of income in associates and joint ventures Operating profit before depreciation and amortisation and gain on sale of shares and tangible assets (EBITDA) Depreciation and amortisation Write-downs and reversal of write-downs Gain on sale of shares and intangible and tangible assets Operating profit/loss (EBIT)

13 21, 22

Attributable to: Owners of the Company Non-controlling interests

Basic average number of shares outstanding Diluted average number of shares outstanding

18 18

146,315,374 147,034,833

146,307,540 147,448,368

Loss per share after allocation to (EUR) Basic Diluted­1)

18 18

–0.08 –0.08

–0.02 –0.02

–11,905

–2,654

1,284 –1,000 –36 248

11,627 –1,704 268 10,191

–11,657

7,537

–11,603 –54

7,710 –173

Consolidated statement of comprehensive income Loss for the year Other comprehensive income: Exchange differences on translation of foreign operations Change in fair value of available-for-sale financial assets Tax on exchange differences recognised directly in equity Other comprehensive income for the year, net of tax Total comprehensive income for the year Total comprehensive income attributable to: Owners of the Company Non-controlling interests 1) Since the number of potential shares are antidilutive, basic and dilutd earnings per share are the same.

15

19 Annual Report 2011

2011

The Rezidor Hotel Group

For the Year Ended December 31 Notes

TEUR (except for share related data)