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Consolidated Financial Analysis
expenses. This item’s performance also reflects
greater marketing efforts, especially in Burger
King and Pizza Hut.
Other Operating Expenses
Other operating expenses came to 2,2 million
euros and included about 1,2 million euros
corresponding to the cost of closing some units
during the financial year.
Stamp duties and other taxes rose to 503,000
euros in 2011.
Amortizations and Provisions
The financial year’s amortizations and losses
for impairment totalled 12,9 million euros, 1,9
million euros more than in 2010, and accounted
for 6.6% of turnover. Impairment losses of
tangible and intangible assets recognized in
this financial year came to 3,2 million euros,
including 1,6 million euros corresponding to
the Sol units on the A29 and A11 where traffic
fell to extraordinarily low levels, leading us to
forecast serious operational problems in the
next few years.