(100% of capital)

 

The key figures taken from the financial statements of Arenella Immobiliare S.r.l. for the year ended December 31, 2013 are as follows:

€ million 12/31/2013 12/31/2012 Change
Profit (loss) for the year 0.1 (0.2) 0.3
Equity 25.9 25.9 0.0
Lido Arenella hotel property 26.7 27.0 (0.3)
Net financial position 0.1 0.5 (0.4)

Arenella continued its business of leasing and managing the Lido Arenella hotel property purchased in 2012.

Profit for the year 2013 increased €0.3 million, from a loss of €0.2 million to a profit of €0.1 million, benefiting from the first actual year of leasing and managing the hotel complex.

The net reduction in the carrying amount of the Lido Arenella hotel property at December 31, 2013 is due to the depreciation charge for the year of €0.6 million which is partially offset by investments for extraordinary maintenance work of €0.3 million.

Commercial Register No.64236277 Legal notes | Credits