Holiday Inn 2007 Annual Report Download - page 94

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92 IHG Annual Report and Financial Statements 2007
Parent company financial statements
PARENT COMPANY BALANCE SHEET
2007 2006
31 December 2007 Note £m £m
Fixed assets
Investments 32,767 2,767
Current assets
Debtors 4207 29
Creditors: amounts falling due within one year 5(2,631) (1,624)
Net current liabilities (2,424) (1,595)
Creditors: amounts due after more than one year 6–(102)
Net assets 343 1,070
Capital and reserves
Called up share capital 740 41
Share premium account 841 25
Capital redemption reserve 854
Profit and loss account 8257 1,000
Equity shareholders’ funds 343 1,070
Signed on behalf of the Board
Richard Solomons
18 February 2008
No profit and loss account is presented for InterContinental Hotels Group PLC as permitted by Section 230 of the Companies Act 1985.
Profit on ordinary activities after taxation amounts to £111m (2006 £53m).
Notes on pages 93 to 94 form an integral part of these financial statements.