Holiday Inn 2005 Annual Report Download - page 81

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SHAREHOLDERS’ EQUITY IN ACCORDANCE WITH US GAAP
The significant adjustments required to convert IHG shareholders’ equity in accordance with IFRS to IHG shareholders’ equity in accordance
with US GAAP are:
31 Dec 31 Dec 31 Dec 31 Dec
2005 2004 2005a2004a
£m £m $m $m
IHG shareholders’ equity in accordance with IFRS 1,084 1,821 1,869 3,513
Adjustments:
Intangible assets:
Cost: goodwill 761 781 1,313 1,507
other intangible assets 655 612 1,130 1,181
Accumulated amortisation (260) (217) (448) (419)
1,156 1,176 1,995 2,269
Intangible asset – minimum pension liability 1316
1,157 1,179 1,996 2,275
Property, plant and equipment:
Cost 327 (29) 564 (56)
Assets classified as held for sale (21) 1,526 (36) 2,944
Accumulated depreciation (19) 31 (34) 60
287 1,528 494 2,948
Other financial assets (2) 3(3) 6
Non-current assets classified as held for sale 21 (1,526) 36 (2,944)
Current assets:
Pension prepayment –57 –111
Other receivables 20 22 35 44
Derivatives –9–18
Current liabilities:
Other payables (7) 5(11) 10
Derivatives –(1) –(2)
Non-current liabilities:
Other payables (350) (99) (603) (192)
Derivatives –(2) –(4)
Provisions 48615
Employee benefits 15 77 27 149
Deferred tax payable: on above adjustments (204) (357) (352) (688)
methodology (10) –(16) –
Liabilities classified as held for sale 1148 1284
932 1,051 1,610 2,030
Minority share of above adjustments –(76) –(148)
932 975 1,610 1,882
IHG shareholders’ equity in accordance with US GAAP 2,016 2,796 3,479 5,395
a Translated at the rate of exchange ruling at the balance sheet date of £1 = $1.73 (2004 £1 = $1.93).
InterContinental Hotels Group 2005 79