Consolidated Financial Analysis
FINANCIAL SITUATION
Balance sheet
Consolidated assets totalled 241 million euros at 31 December 2015,
an increase of nearly 22 million euros compared to end 2014.
This net increase can basically be ascribed to the items for fixed
assets and reduction of applications, which in more detailed form
correspond to the following contributions:
(i) reduction of technical equipment fixed assets corresponding to
amortizations and impairment for the financial year (approx. -14
million euros);
(ii) investment in expansion plans, especially Burger King, Pizza Hut
and KFC (approx. +20 million euros);
(iii) remodelling and diverse investments in Portugal and Spain (ap-
prox. +7 million euros);
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