Holiday Inn 2006 Annual Report Download - page 49

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Group financial statements
Group balance sheet
2006 2005
31 December 2006 note £m £m
ASSETS
Property, plant and equipment 10 997 1,356
Goodwill 12 109 118
Intangible assets 13 154 120
Investment in associates 14 32 42
Other financial assets 15 96 113
Total non-current assets 1,388 1,749
Inventories 16 33
Trade and other receivables 17 237 252
Current tax receivable 23 22
Cash and cash equivalents 18 179 324
Other financial assets 15 13 106
Total current assets 455 707
Non-current assets classified as held for sale 11 50 279
Total assets 1,893 2,735
LIABILITIES
Loans and other borrowings 20 (10) (2)
Trade and other payables 19 (402) (468)
Current tax payable (231) (324)
Total current liabilities (643) (794)
Loans and other borrowings 20 (303) (410)
Employee benefits 23 (71) (76)
Trade and other payables 19 (109) (107)
Deferred tax payable 26 (79) (210)
Total non-current liabilities (562) (803)
Liabilities classified as held for sale 11 (2) (34)
Total liabilities (1,207) (1,631)
Net assets 686 1,104
EQUITY
Equity share capital 28 66 49
Capital redemption reserve 28 41
Shares held by employee share trusts 28 (17) (22)
Other reserves 28 (1,528) (1,528)
Unrealised gains and losses reserve 28 27 23
Currency translation reserve 28 (3) 19
Retained earnings 28 2,129 2,542
IHG shareholders’ equity 678 1,084
Minority equity interest 29 820
Total equity 686 1,104
Signed on behalf of the Board
Richard Solomons
19 February 2007
Notes on pages 48 to 83 form an integral part of these financial statements.
IHG Group financial statements and accounting policies 47