Holiday Inn 2005 Annual Report Download - page 75

Download and view the complete annual report

Please find page 75 of the 2005 Holiday Inn annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 92

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92

33 TRANSITION TO IFRS (CONTINUED)
Group balance sheet
UK GAAP Remeasurement Reclassifications IFRS
1 January 2004 £m £m £m £m
ASSETS
Property, plant and equipment 3,951 – (20) 3,931
Goodwill 158 – – 158
Intangible assets – – 36 36
Investment in associates 53 – – 53
Other financial assets 119 – 25 144
Total non-current assets 4,281 – 41 4,322
Inventories 44 – – 44
Trade and other receivables 486 (47) (41) 398
Current tax receivable 37 – – 37
Cash and cash equivalents 432 – (21) 411
Total current assets 999 (47) (62) 890
Total assets 5,280 (47) (21) 5,212
LIABILITIES
Short-term borrowings (13) – 6 (7)
Trade and other payables (683) 86 (22) (619)
Current tax payable (389) – – (389)
Total current liabilities (1,085) 86 (16) (1,015)
Loans and other borrowings (988) – 15 (973)
Employee benefits – (177) – (177)
Provisions and other payables (176) 46 22 (108)
Deferred tax payable (314) (163) – (477)
Total non-current liabilities (1,478) (294) 37 (1,735)
Total liabilities (2,563) (208) 21 (2,750)
Net assets 2,717 (255) – 2,462
EQUITY
IHG shareholders’ equity 2,554 (215) (16) 2,323
Minority equity interest 163 (40) 16 139
Total equity 2,717 (255) – 2,462
InterContinental Hotels Group 2005 73