Holiday Inn 2006 Annual Report Download - page 47
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Group financial statements
Group statement of recognised income and expense
2006 2005
for the year ended 31 December 2006 £m £m
Income and expense recognised directly in equity
Gains on valuation of available-for-sale assets 16 31
Gains on cash flow hedges 11
Exchange differences on retranslation of foreign operations (30) 29
Actuarial losses on defined benefit pension plans (2) (23)
(15) 38
Transfers to the income statement
On cash flow hedges (1) (6)
On disposal of foreign operations 42
On disposal of available-for-sale assets (14) –
(11) (4)
Tax
Tax on items above taken directly to or transferred from equity 4(1)
Deferred tax related to share schemes recognised directly in equity 26 8
30 7
Net income recognised directly in equity 441
Profit for the year 405 515
Total recognised income and expense for the year 409 556
Attributable to:
Equity holders of the parent 409 541
Minority equity interest –15
409 556
Effects of changes in accounting policy
Losses on valuation of available-for-sale assets –(10)
Gains on cash flow hedges –6
–(4)
Notes on pages 48 to 83 form an integral part of these financial statements.
IHG Group financial statements and accounting policies 45