Holiday Inn 2005 Annual Report Download - page 55

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11 HELD FOR SALE AND DISCONTINUED OPERATIONS (CONTINUED)
Soft Drinks
During December 2005, the Group disposed of all of its interests in the Soft Drinks business with the initial public offering of Britvic plc.
2005
Net liabilities of Soft Drinks on disposal £m
Property, plant and equipment 234
Goodwill 18
Software 25
Inventories 36
Trade and other receivables 141
Cash and cash equivalents 1
Current liabilities (162)
Borrowings (341)
Employee benefits (91)
Deferred tax payable 8
Minority equity interest 66
Group’s share of net liabilities disposed of (65)
Net cash inflow
Cash consideration (net of costs paid) 221
Cash disposed of (1)
220
Total consideration
Cash consideration (net of costs paid) 221
Other (2)
219
2005 2004
Cash flows related to discontinued operations £m £m
Operating profit before interest, depreciation and amortisation 115 123
Investing activities (47) (70)
Financing activities 162 (25)
InterContinental Hotels Group 2005 53