The financial expenses in the third trimester from 2013.

In this new it talks about the financial expenses in the trimester and a little bit about the expectation of 2014.

Meliá Hotels International has presented to the National Commision of the Stock Market their economic data from the third trimestre of 2013. It shall be highlighted the set back of the 33.6% experimmented in the net results from the group, situated on 25.4 million of euros against a 38.4 milion from the same period last year,with a 22.4 million of benefits atributed to the main society.

This falling is dued to the increasing in the financial expenses, atributed to the refinancing expenses of the debt , derivated on the emission of bonds and biggest losses for changing foreign currency. 

From the theory we know that the recognition of expenses when there is a decrease in the company’s resources that can be measured reliably.

Recognition of an expense therefore occurs simultaneously with the recognition or increase of a liability or the extinguishment or decrease of an asset and, on occasions, the recognition of income or an equity 

item.

In fact, the ebitda (201.3 million of euros) and the operative result(154.7 million) has have a positive evolution accompained by a growth of the 3.9% in the sales. This means we have had  revenues although they are smaller than the previous year.

Revenue shall be recognised when two conditions occur:

1)there is an increase in the company’s resources different from monetary and non-monetary contributions of owners.

 2) it can be reliably measured. 

Also,Meliá hotel is maintaining in this exercise its plan of expansion with the signement of 19 new contracts bounding to a chain composed mainly by 53 stablishments in development and 15,000 rooms. 

Those are great figures that indicates the health of the company.

Overall, the company is optimistic and points again to growth of an average digit for RevPAR in 2014 in the hotel activity in Spain. RevPar or revenue per available room, is a performance metric in the hotel industry.

See more at: http://www.meliahotelsinternational.com/en/press-room/11072013/increased-revpar-and-revenues-improve-ebitda-melia-hotels-international-93-net#sthash.Y7XtKdKc.dpuf