consolidated  balance  sheet

Consolidated Balance Sheet

(All amounts in HUF 000.000´s)
  At December 31.  
  Notes 1999   1998  
Assets      
  Cash and bank 4 920   1,448  
  Accounts receivable 5 2,382   2,043  
  Inventory 6 279   304  
  Other current assets 7 2,204   1,572  
Total current assets   5,785   5,367  
  Property, plant and equipment 8 33,431   31393  
  Other non-current assets 9 294   262  
Total non-current assets   33,725   31,655  
Total assets   39,510   37,022  

Liabilities and Shareholders´ Equity

  Trade accounts payable   1,098   1,149  
  Advance payments from guests   146   95  
  Other payable and accruals 10 1,358   1,356  
  Current portion of long-term debt 11 1,646   1,346  
Total current liabilities   4,248   3,946  
  Long-term debt 11 3,665   4,613  
  Negative goodwill 12 3,202   2,866  
Total long-term liabilities   6,867   7,479  
Total liabilities   11,115   11,425  
Minority interest 13 6   72  
Shareholders´ Equity:        
  Share capital 14 9,076   8000  
  Capital reserve   7,280   8,010  
  Treasury shares 14 (1,703)   (819)  
  Retained earnings   13,736   10,334  
Total shareholders´ equity   28,389   25,525  
Total liabilities and shareholders´ equity   39,510   37,022  

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Danubius Hotels Rt.

1051 Budapest, Szent István tér 9-11.
Phone: (+36 1 ) 374-72-00; Telefax: (+36 1) 269-30-95 e-mail: info@danubiushotels.hu