Holiday Inn 2005 Annual Report Download - page 39

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GROUP BALANCE SHEET
2005 2004
31 December 2005 note £m £m
ASSETS
Property, plant and equipment 10 1,356 1,926
Goodwill 12 118 152
Intangible assets 13 120 54
Investment in associates 14 42 42
Other financial assets 15 113 80
Total non-current assets 1,749 2,254
Inventories 16 342
Trade and other receivables 17 252 390
Current tax receivable 22 14
Cash and cash equivalents 18 324 72
Other financial assets 15 106 80
Total current assets 707 598
Non-current assets classified as held for sale 11 279 1,826
Total assets 2,735 4,678
LIABILITIES
Loans and other borrowings 20 (2) (32)
Trade and other payables 19 (468) (633)
Current tax payable (324) (261)
Total current liabilities (794) (926)
Loans and other borrowings 20 (410) (1,156)
Employee benefits 23 (76) (173)
Provisions and other payables 19 (107) (103)
Deferred tax payable 26 (210) (234)
Total non-current liabilities (803) (1,666)
Liabilities classified as held for sale 11 (34) (148)
Total liabilities (1,631) (2,740)
Net assets 1,104 1,938
EQUITY
Equity share capital 28 49 723
Capital redemption reserve 28 146
Shares held by employee share trusts 28 (22) (22)
Other reserves 28 (1,528) 1,462
Unrealised gains and losses reserve 28 23 –
Currency translation reserve 28 19 (12)
Retained earnings 28 2,542 (376)
IHG shareholders’ equity 1,084 1,821
Minority equity interest 20 117
Total equity 1,104 1,938
Signed on behalf of the Board
Richard Solomons
1 March 2006
Notes on pages 38 to 75 form an integral part of these financial statements.
InterContinental Hotels Group 2005 37