Holiday Inn 2003 Annual Report Download - page 50

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48 InterContinental Hotels Group 2003
NOTES TO THE FINANCIAL STATEMENTS
Group Company
31 Dec 2003 30 Sept 2002
Total After Total After 31 Dec
one year restated* one year 2003
22 DEBTORS £m £m £m £m £m
Trade debtors 277 – 289 – –
Amounts owed by Group undertakings ––––367
Other debtors 104 17 153 2 –
Corporate taxation 37 7 1––
Pension prepayment 47 47 88 88 –
Other prepayments 58 5 98 1 –
523 76 629 91 367
* Restated for the reclassification of pension provisions (see page 32).
Group Company
31 Dec 30 Sept 31 Dec
2003 2002 2003
23 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR £m £m £m
Borrowings (see note 27) 13 848 –
Trade creditors 133 178 –
Corporate taxation 389 455 –
Other taxation and social security 46 82 –
Accrued charges 235 274 5
Proposed dividend of parent company 70 213 70
Proposed dividend for minority shareholders 16 ––
Other creditors 183 223 –
1,085 2,273 75
Group Company
31 Dec 30 Sept 31 Dec
2003 2002 2003
restated*
24 CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR £m £m £m
Borrowings (see note 27) 988 631 420
Other creditors and deferred income 97 100 –
1,085 731 420
* Restated for the reclassification of pension provisions (see page 32).
Group
25 DEFERRED TAXATION £m
At 30 September 2002 495
Exchange and other adjustments 1
Separation of MAB (189)
Disposals (3)
Profit and loss account 10
At 31 December 2003 314
Group
31 Dec 30 Sept
2003 2002
Analysed as tax on timing differences related to: £m £m
Fixed assets 252 437
Deferred gains on loan notes 123 125
Losses (37) (67)
Pension prepayment 14 26
Other (38) (26)
314 495