Holiday Inn 2007 Annual Report Download - page 47

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GROUP FINANCIAL
STATEMENTS
GROUP FINANCIAL
STATEMENTS
Group financial statements
Group financial statements 45
Group financial statements
46 Statement of Directors’ responsibilities
47 Independent auditor’s report to the members
48 Group income statement
49 Group statement of recognised income and expense
50 Group cash flow statement
51 Group balance sheet
52 Corporate information and accounting policies
Notes to the Group financial statements
57 1 Exchange rates
57 2 Segmental information
62 3 Staff costs and Directors’ emoluments
62 4 Auditor’s remuneration paid to Ernst & Young LLP
63 5 Exceptional items
63 6 Finance costs
64 7Tax
65 8 Dividends paid and proposed
65 9 Earnings per ordinary share
66 10 Property, plant and equipment
67 11 Held for sale and discontinued operations
68 12 Goodwill
69 13 Intangible assets
70 14 Investments in associates
70 15 Other financial assets
71 16 Inventories
71 17 Trade and other receivables
72 18 Cash and cash equivalents
72 19 Trade and other payables
72 20 Loans and other borrowings
73 21 Financial risk management policies
75 22 Financial instruments
77 23 Net debt
77 24 Retirement benefits
81 25 Share-based payments
84 26 Deferred tax payable
85 27 Authorised and issued share capital
86 28 IHG shareholders’ equity
87 29 Minority equity interest
87 30 Operating leases
87 31 Capital and other commitments
87 32 Contingencies
88 33 Related party disclosures
88 34 Acquisition of subsidiary
88 35 Principal operating subsidiary undertakings
In this section we present the statement of Directors’
responsibilities, the independent auditor’s report and the
consolidated financial statements of the Group for 2007.