Holiday Inn 2005 Annual Report Download - page 58

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2005 2004
15 OTHER FINANCIAL ASSETS £m £m
Non-current
Equity securities available-for-sale 41 19
Other 72 61
113 80
Current
Equity securities available-for-sale 104 80
Derivatives 2–
106 80
Available-for-sale financial assets consist of equity investments in listed and unlisted shares. The fair value of unlisted equity shares has
been estimated using valuation guidelines issued by the British Venture Capital Association and is based on assumptions regarding
expected future earnings. Listed equity share valuation is based on observable market prices.
Other financial assets consist mainly of trade deposits made in the normal course of business. The deposits have been designated as
loans and receivables and are held at amortised cost. The fair value has been calculated by discounted future cash flows using prevailing
interest rates.
2005 2004
16 INVENTORIES £m £m
Raw materials –9
Finished goods 223
Consumable stores 110
342
2005 2004
17 TRADE AND OTHER RECEIVABLES £m £m
Trade receivables 160 285
Other receivables 66 58
Other prepayments 26 47
252 390
An allowance has been made for doubtful amounts from the provision of services of £47m (2004 £43m).
2005 2004
18 CASH AND CASH EQUIVALENTS £m £m
Cash at bank and in hand 34 32
Short-term deposits 290 40
324 72
Short-term deposits are highly liquid investments with a maturity of three months or less, in various currencies.
notes to the financial statements
56 InterContinental Hotels Group 2005