Holiday Inn 2006 Annual Report Download - page 46

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Group financial statements
Group income statement
2006 2005
Continuing Discontinued Continuing Discontinued
operations operations Total operations operations Total
for the year ended 31 December 2006 note £m £m £m £m £m £m
Revenue 2805 155 960 713 1,197 1,910
Cost of sales (364) (121) (485) (333) (884) (1,217)
Administrative expenses (180) – (180) (150) (74) (224)
261 34 295 230 239 469
Depreciation and amortisation 2(60) (4) (64) (57) (73) (130)
Other operating income and expenses 527 – 27 (22) – (22)
Operating profit 2228 30 258 151 166 317
Financial income 626 – 26 30 – 30
Financial expenses 6(37) – (37) (54) (9) (63)
Profit before tax 217 30 247 127 157 284
Tax 750 (9) 41 (24) (56) (80)
Profit after tax 267 21 288 103 101 204
Gain on disposal of assets, net of tax charge
of £6m (2005 £38m) 5– 117 117 – 311 311
Profit for the year 267 138 405 103 412 515
Attributable to:
Equity holders of the parent 267 138 405 103 393 496
Minority equity interest ––––1919
Profit for the year 267 138 405 103 412 515
Earnings per ordinary share: 9
Basic 68.6p 35.5p 104.1p 19.8p 75.4p 95.2p
Diluted 66.9p 34.6p 101.5p 19.3p 73.8p 93.1p
Adjusted 37.5p 42.9p 22.5p 38.2p
Adjusted diluted 36.6p 41.8p 21.9p 37.3p
Notes on pages 48 to 83 form an integral part of these financial statements.
44 IHG Annual report and financial statements 2006