SAN ROQUE / Sotogrande Shareholders in Sotogrande S.A., the real estate arm of NH Hotels, with headquarters in San Roque, recently approved the company's balance sheet for 2011, which shows losses of €21.8 million. Payouts to the Board and its commissions amounted to €235,000 in gross figures. Held at the NH Almenara Hotel, the shareholders' vote and its results were reported to the Comisión Nacional del Mercado de Valores (CNMV, the stock market commission) at the end of last month. Also reported were a number of changes to the company's statutes and the appointment of Deloitte as its auditor. 98.266% of the share capital was represented at the meeting.