 |
|
 |
|
|
|
|
|
|
| |
(in million euros) |
2004
Restated*
|
2005
Restated*
|
2006
|
2007
|
|
|
|
|
| |
Funds from operations |
853 |
935 |
1,024 |
1,112 |
|
|
|
| |
Net cash from operating activities |
916 |
1,082 |
1,196 |
1,415 |
|
|
|
| |
Renovation and
maintenance expenditure |
(304) |
(436) |
(454) |
(466) |
|
|
|
| |
Development expenditure |
(636)* |
(476) |
(671) |
(1,198) |
|
|
|
| |
Proceeds from disposals of assets |
423 |
310 |
1,459 |
1,635 |
|
|
|
| |
Net cash used in investments/divestments |
(565) |
(615) |
233 |
(56) |
|
|
|
| |
Net cash from financing activities |
205 |
267 |
(2,526) |
(1,358) |
|
|
|
| |
Net change in cash and cash equivalents |
567 |
707 |
(1,062) |
(48) |
|
|
|
|
|
|
|
|
* In accordance with IFRS 5 "Non-current Assets Held for
Sale and Discontinued Operations", in the consolidated
cash flow for the year ended December 31, 2004
and the year ended December 31, 2005 the investments of 2006 discontinued operations are reported on a
separate line (mainly Carlson Wagonlit Travel).
Complete financial data can be found in the "registration document" filed with France's securities regulator (AMF).
In accordance with European Commission Regulation on the
application of International Financial Reporting Standards,
the 2005 Accor Group consolidated financial statements,
including comparative figures for 2004, have been prepared
with the International Accounting Standards and
International Financial Standards (IAS/IFRS) from January 1,
2005.
Historical datas in French accounting standards are
available in corresponding registration document. |
|
