DANUBIUS  HOTELS  GROUP  ANNUAL  REPORT  1999

STATEMENT BY THE CHAIRMAN
PRESIDENTIAL GREETING
REPORT OF THE BOARD OF DIRECTORS
THE BOARD OF DIRECTORS
AUDITOR´S REPORT
CONSOLIDATED BALANCE SHEET
CONSOLIDATED STATEMENT OF INCOME
CONSOLIDATED STATEMENT OF EQUITY
CONSOLIDATED CASH FLOW
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED BALANCE SHEET (HAS)
CONSOLIDATED STATEMENT OF INCOME (HAS)
REPORT OF THE SUPERVISORY BOARD
THE SUPERVISORY BOARD
STRUCTURE OF DANUBIUS HOTELS GROUP
THE HOLDING COMPANY
OPERATION OF HOTELS
OPERATION AND MAINTAINING OF PROPERTIES
TOURISM IN HUNGARY
2000 BUSINESS TARGETS
HOTEL PORTFOLIO IN BUDAPEST
HOTEL PORTFOLIO IN THE COUNTRYSIDE
HOTEL PORTFOLIO OUTSIDE OF HUNGARY
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Danubius Hotels Rt.

1051 Budapest, Szent István tér 9-11.
Phone: (+36 1 ) 374-72-00; Telefax: (+36 1) 269-30-95 e-mail: info@danubiushotels.hu