Operating properties (at cost) Operating properties (at cost) Consolidated reserves Consolidated reserves Unrecovered rental costs Unrecovered rental costs Net losses on unrecoverable receivables Net losses on unrecoverable receivables Net rental income Operating expenses of managed hotels Managed hotel EBITDA Managed hotel EBITDA Management and administration income Management and administration income Net change in provisions Net change in provisions Current operating income (loss) Current operating income (loss) Net income from inventory properties Net income from inventory properties Income from immovable asset disposals Income from disposal of investment securities Income on fair value adjustments of investment property Income from changes in scope Income from changes in scope Cost of net financial debt Cost of net financial debt Exceptional depreciation of loan issue costs Ajustments for net depreciation and amortisation charges and provisions (excluding those related to current assets) Ajustments for net depreciation and amortisation charges and provisions (excluding those related to current assets) Cash flow after tax and cost of net financial debt Cash flow after tax and cost of net financial debt Adjustments for cost of net financial debt and interest charges on rental liabilities Adjustments for cost of net financial debt and interest charges on rental liabilities Cash flows from (used in) operations before changes in working capital Net cash flows from (used in) operating activities Impact of changes in the scope Change in loans and advances granted Net cash flows from (used in) investing activities Impact of changes in the scope Impact of changes in the scope Purchases and sales of treasury shares Repayments of borrowings (including finance lease agreements) Repayments of borrowings (including finance lease agreements) Net cash flows from (used in) financing activities Changes In Cash And Cash Equivalents [Abstract] Net increase (decrease) in cash and cash equivalents after effect of exchange rate changes Opening cash position Closing cash position Reserves and retained earnings (member) Reserves and retained earnings (member) Impact of change in scope Impact of change in scope