Holiday Inn 2003 Annual Report Download - page 63

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61
THREE YEAR REVIEW
Pro forma*
Dec 2003 Dec 2002 Sept 2002** Sept 2001**
INTERCONTINENTAL HOTELS GROUP PLC 12 months 12 months 12 months 12 months
GROUP PROFIT AND LOSS ACCOUNT £m £m £m £m
Hotels 1,487 1,538 1,532 1,902
Soft Drinks 674 611 602 571
Tu r nove r 2,161 2,149 2,134 2,473
Hotels 200 239 266 429
Soft Drinks 83 68 63 57
Continuing operations before exceptional items 283 307 329 486
Operating exceptional items –– (77) (43)
Operating profit 283 307 252 443
Non-operating exceptional items:
Continuing operations –– (2) (2)
Discontinued operations*** ––5738
Profit before interest 283 307 307 479
Interest (39) (49) (17) (1)
Profit before tax 244 258 290 478
Tax (61) (71) 28 (141)
Profit after tax 183 187 318 337
Minority interests (30) (26) (25) (24)
Earnings 153 161 293 313
Earnings per share:
Pro forma 20.8 21.9 – –
Basic –– 40.1 42.8
Adjusted**** –– 43.1 43.8
* See page 12.
** Represents the continuing IHG business as disclosed in InterContinental Hotels Group PLC Listing Particulars February 2003. Hotels includes
Other Activities which was separately disclosed in those Listing Particulars.
*** Relates to Bass Brewers.
**** Calculated after excluding the effect of exceptional items and any relevant tax.