Holiday Inn 2003 Annual Report Download - page 33

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31
BALANCE SHEETS
Group Company
31 Dec 30 Sept 31 Dec
2003 2002 2003
restated*
31 DECEMBER 2003 note £m £m £m
Fixed assets
Intangible assets 18 158 173 –
Tangible assets 19 3,951 7,641 –
Investments 20 172 218 1,161
4,281 8,032 1,161
Current assets
Stocks 21 44 91 –
Debtors 22 523 629 367
analysed as:
Amounts falling due within one year 447 538 367
Amounts falling due after one year 76 91 –
Investments 377 218 –
Cash at bank and in hand 55 84 3
999 1,022 370
Creditors: amounts falling due within one year 23 (1,085) (2,273) (75)
Net current (liabilities)/assets (86) (1,251) 295
Total assets less current liabilities 4,195 6,781 1,456
Creditors: amounts falling due after one year 24 (1,085) (731) (420)
Provisions for liabilities and charges (393) (566) –
analysed as:
Deferred taxation 25 (314) (495) –
Other provisions 26 (79) (71) –
Minority equity interests (163) (149) –
Net assets 17 2,554 5,335 1,036
Capital and reserves
Equity share capital 29 739 734 739
Share premium account 30 14 –14
Revaluation reserve 30 258 1,020 –
Merger reserve 30 1,164 1,164 –
Other reserve 30 (11) (31) (11)
Profit and loss account 30 390 2,448 294
Equity shareholders’ funds 2,554 5,335 1,036
* Restated on the adoption of UITF 38 and the reclassification of pension provisions (see page 32).
Signed on behalf of the Board
Richard North
10 March 2004
Notes on pages 32 to 55 form an integral part of these financial statements.