Holiday Inn 2005 Annual Report Download - page 36

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GROUP INCOME STATEMENT
2005 2004
Continuing Discontinued Continuing Discontinued
operations operations Total operations operations Total
for the year ended 31 December 2005 note £m £m £m £m £m £m
Revenue 2852 1,058 1,910 731 1,473 2,204
Cost of sales (442) (775) (1,217) (398) (1,079) (1,477)
Administrative expenses (150) (74) (224) (140) (68) (208)
260 209 469 193 326 519
Depreciation and amortisation 2(70) (60) (130) (59) (114) (173)
Other operating income and expenses 5(22) – (22) (49) – (49)
Operating profit 2168 149 317 85 212 297
Financial income 630 – 30 70 – 70
Financial expenses 6(54) (9) (63) (103) – (103)
Profit before tax 144 140 284 52 212 264
Tax 7(28) (52) (80) 194 (67) 127
Profit after tax 116 88 204 246 145 391
Gain on disposal of assets, net of tax charge
of £38m (2004 credit of £4m) – 311 311 –1919
Profit available for shareholders 116 399 515 246 164 410
Attributable to:
Equity holders of the parent 116 380 496 246 137 383
Minority equity interest –1919 –2727
Profit for the year 116 399 515 246 164 410
Earnings per ordinary share: 9
Basic 22.3p 72.9p 95.2p 34.6p 19.3p 53.9p
Diluted 21.8p 71.3p 93.1p 34.3p 19.0p 53.3p
Adjusted 24.9p 38.2p 17.3p 33.9p
Notes on pages 38 to 75 form an integral part of these financial statements.
financial statements
34 InterContinental Hotels Group 2005