Holiday Inn 2005 Annual Report Download - page 57

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Management Other
Software contracts intangibles Total
13 INTANGIBLE ASSETS £m £m £m £m
Cost
At 31 December 2004 52 – 22 74
Additions 14 82 5 101
Disposals (32) – (1) (33)
Exchange and other adjustments 4228
At 31 December 2005 38 84 28 150
At 1 January 2004 22 – 23 45
Additions 32–133
Exchange and other adjustments (2) – (2) (4)
At 31 December 2004 52 – 22 74
Amortisation
At 31 December 2004 (13) – (7) (20)
Provided (9) (3) (2) (14)
On disposals 7––7
Exchange and other adjustments (2) – (1) (3)
At 31 December 2005 (17) (3) (10) (30)
At 1 January 2004 (2) – (7) (9)
Provided (12) – – (12)
Exchange and other adjustments 1––1
At 31 December 2004 (13) – (7) (20)
Net book value
At 31 December 2005 21 81 18 120
At 31 December 2004 39 – 15 54
At 1 January 2004 20 – 16 36
14 INVESTMENTS IN ASSOCIATES
The Group holds eight (2004 eight) investments accounted for as associates. The following table summarises the financial information
of the associates.
2005 2004
£m £m
Share of associates’ balance sheet
Current assets 45
Non-current assets 93 92
Current liabilities (9) (7)
Non-current liabilities (46) (48)
Net assets 42 42
Share of associates’ revenue and profit
Revenue 18 14
Net profit 1–
Related party transactions
Revenue from related parties 33
Amounts owed by related parties 21
InterContinental Hotels Group 2005 55