Holiday Inn 2003 Annual Report Download - page 46

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44 InterContinental Hotels Group 2003
NOTES TO THE FINANCIAL STATEMENTS
31 Dec 2003 30 Sept 2002
restated*
Net Net
Total operating Total operating
17 ASSETS £m £m £m £m
Hotels Americas 1,146 859 1,458 1,134
EMEA 3,183 2,422 3,036 2,502
Asia Pacific 481 457 467 448
4,810 3,738 4,961 4,084
Soft Drinks 470 300 405 246
InterContinental Hotels Group PLC** 5,280 4,038 5,366 4,330
Discontinued operations** ––3,682 3,493
5,280 4,038 9,048 7,823
Non-operating assets:
Current asset investments 377 218
Cash at bank and in hand 55 84
Corporate taxation 37 1
Non-operating liabilities:
Borrowings (1,001) (1,479)
Proposed dividend of parent company (70) (213)
Proposed dividend for minority shareholders (16) –
Corporate taxation (389) (455)
Deferred taxation (314) (495)
Minority equity interests (163) (149)
5,280 2,554 9,048 5,335
United Kingdom 2,329 1,586 5,963 5,202
Rest of Europe, the Middle East and Africa 1,324 1,136 1,160 1,039
United States of America 1,020 751 1,328 1,013
Rest of Americas 126 108 130 121
Asia Pacific 481 457 467 448
5,280 4,038 9,048 7,823
Net non-operating liabilities (1,484) (2,488)
5,280 2,554 9,048 5,335
* Restated on the adoption of UITF 38 (see page 32).
** InterContinental Hotels Group PLC relates to continuing operations. Discontinued operations relate to Mitchells & Butlers plc.
Goodwill
18 INTANGIBLE FIXED ASSETS £m
Cost:
At 30 September 2002 197
Acquisitions 10
Separation of MAB (15)
At 31 December 2003 192
Amortisation:
At 30 September 2002 24
Provided 13
Separation of MAB (3)
At 31 December 2003 34
Net book value:
At 31 December 2003 158
At 30 September 2002 173
On 31 December 2003, the Group acquired the Candlewood Suites brand name for a consideration of £10m, which is being
written off over 20 years.