Holiday Inn 2007 Annual Report Download - page 53

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GROUP FINANCIAL
STATEMENTS
Group cash flow statement and Group balance sheet 51
GROUP BALANCE SHEET
2007 2006
31 December 2007 Note £m £m
ASSETS
Property, plant and equipment 10 962 997
Goodwill 12 110 109
Intangible assets 13 167 154
Investment in associates 14 33 32
Retirement benefit assets 24 32 –
Other financial assets 15 93 96
Total non-current assets 1,397 1,388
Inventories 16 33
Trade and other receivables 17 235 237
Current tax receivable 54 23
Cash and cash equivalents 18 52 179
Other financial assets 15 913
Total current assets 353 455
Non-current assets classified as held for sale 11 57 50
Total assets 21,807 1,893
LIABILITIES
Loans and other borrowings 20 (8) (10)
Trade and other payables 19 (390) (402)
Current tax payable (212) (231)
Total current liabilities (610) (643)
Loans and other borrowings 20 (869) (303)
Retirement benefit obligations 24 (55) (71)
Trade and other payables 19 (139) (109)
Deferred tax payable 26 (82) (79)
Total non-current liabilities (1,145) (562)
Liabilities classified as held for sale 11 (3) (2)
Total liabilities 2(1,758) (1,207)
Net assets 49 686
EQUITY
Equity share capital 28 81 66
Capital redemption reserve 28 54
Shares held by employee share trusts 28 (41) (17)
Other reserves 28 (1,528) (1,528)
Unrealised gains and losses reserve 28 19 27
Currency translation reserve 28 6(3)
Retained earnings 28 1,504 2,129
IHG shareholders’ equity 46 678
Minority equity interest 29 38
Total equity 49 686
Signed on behalf of the Board
Richard Solomons
18 February 2008
Notes on pages 52 to 88 form an integral part of these financial statements.
GROUP FINANCIAL
STATEMENTS