Holiday Inn 2005 Annual Report Download - page 53

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Fixtures,
Land and fittings and Plant and
buildings equipment machinery Total
10 PROPERTY, PLANT AND EQUIPMENT £m £m £m £m
Cost
At 31 December 2004 1,421 985 182 2,588
Additions 15 107 18 140
Net transfers to non-current assets classified as held for sale (163) (150) – (313)
Disposals (152) (333) (200) (685)
Impairment – (7) – (7)
Exchange and other adjustments 34 13 – 47
At 31 December 2005 1,155 615 – 1,770
At 1 January 2004 3,004 1,635 165 4,804
Additions 50 140 27 217
Net transfers to non-current assets classified as held for sale (1,471) (667) – (2,138)
Disposals (83) (89) (10) (182)
Impairment (20) – – (20)
Exchange and other adjustments (59) (34) – (93)
At 31 December 2004 1,421 985 182 2,588
Depreciation
At 31 December 2004 132 425 105 662
Provided 11 88 17 116
Net transfers to non-current assets classified as held for sale (10) (58) – (68)
On disposals (32) (156) (122) (310)
Exchange and other adjustments – 14 – 14
At 31 December 2005 101 313 – 414
At 1 January 2004 168 608 97 873
Provided 12 131 18 161
Net transfers to non-current assets classified as held for sale (59) (253) – (312)
On disposals (11) (52) (10) (73)
Impairment 28––28
Exchange and other adjustments (6) (9) – (15)
At 31 December 2004 132 425 105 662
Net book value
At 31 December 2005 1,054 302 – 1,356
At 31 December 2004 1,289 560 77 1,926
At 1 January 2004 2,836 1,027 68 3,931
At 31 December 2005, property, plant and equipment have been written down by £7m (2004 £48m) following an impairment review of
certain hotel assets based on current market trading conditions. The fair value has been measured by reference to recent transactions for
hotel assets in relevant markets.
InterContinental Hotels Group 2005 51