Holiday Inn 2007 Annual Report Download - page 86

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84 IHG Annual Report and Financial Statements 2007
Notes to the Group financial statements continued
25 SHARE-BASED PAYMENTS (CONTINUED)
Summarised information about options outstanding at 31 December 2007 under the share option schemes is as follows:
Options outstanding Options exercisable
Weighted
average Weighted Weighted
Number remaining average Number average
outstanding contract life option price exercisable option price
Range of exercise prices (pence) thousands years pence thousands pence
Sharesave Plan
420.5 57 1.0 420.5 – –
Executive Share Option Plan
308.5 to 349.1 565 2.3 347.7 565 347.7
349.2 to 498.0 5,905 5.3 462.6 5,905 462.6
498.1 to 619.8 1,724 6.8 618.1 113 593.7
8,194 5.4 487.4 6,583 455.0
26 DEFERRED TAX PAYABLE
Other
Property, Deferred short-term
plant and gains on Employee Intangible temporary
equipment loan notes Losses benefits assets differences* Total
£m £m £m £m £m £m £m
At 1 January 2006 256 122 (123) (16) (1) 6 244
Disposals (126) –2––7(117)
Income statement (2) (26) 31 (1) 16 (32) (14)
Statement of recognised income and expense –––1–(27) (26)
Acquisition of subsidiary (note 34) ––––1–1
Exchange and other adjustments (9)(4)1212(7)
At 31 December 2006 119 92 (89) (14) 17 (44) 81
Income statement 1 (4) (2) 3 3 (30) (29)
Statement of recognised income and expense –––3–2730
Exchange and other adjustments 3(1)(3)–133
At 31 December 2007 123 87 (94) (8) 21 (44) 85
* Other short-term temporary differences relate primarily to provisions and accruals and share-based payments.
2007 2006
£m £m
Analysed as:
Deferred tax payable 82 79
Liabilities classified as held for sale 32
At 31 December 85 81
The deferred tax asset of £94m (2006 £89m) recognised in respect of losses includes £60m (2006 £64m) of capital losses available to
be utilised against the realisation of capital gains which are recognised as a deferred tax liability and £34m (2006 £25m) in respect of
revenue tax losses. Revenue losses include £3m (2006 £1m) in respect of losses which arose during a period of hotel refurbishment
and which are expected to be utilised against future operating profit.