Holiday Inn 2008 Annual Report Download - page 51

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GROUP FINANCIAL
STATEMENTS
Group financial statements
50 Statements of Directors’ responsibilities
51 Independent auditor’s report to the members
52 Group income statement
53 Group statement of recognised income and expense
54 Group cash flow statement
55 Group balance sheet
56 Accounting policies
Notes to the Group financial statements
61 1 Exchange rates
61 2 Segmental information
66 3 Staff costs and Directors’ emoluments
66 4 Auditor’s remuneration paid to Ernst & Young LLP
67 5 Exceptional items
68 6 Finance costs
68 7Tax
69 8 Dividends paid and proposed
70 9 Earnings per ordinary share
71 10 Property, plant and equipment
72 11 Assets sold, held for sale and
discontinued operations
74 12 Goodwill
75 13 Intangible assets
75 14 Investment in associates
76 15 Other financial assets
76 16 Inventories
77 17 Trade and other receivables
77 18 Cash and cash equivalents
78 19 Trade and other payables
78 20 Loans and other borrowings
79 21 Financial risk management policies
81 22 Financial instruments
83 23 Net debt
83 24 Retirement benefits
87 25 Share-based payments
90 26 Deferred tax payable
91 27 Authorised and issued share capital
92 28 IHG shareholders’ equity
93 29 Minority equity interest
93 30 Operating leases
93 31 Capital and other commitments
93 32 Contingencies
94 33 Related party disclosures
94 34 Principal operating subsidiary undertakings
Group financial statements
In this section we present the
statements of Directors’ responsibilities,
the independent auditor’s report and
the consolidated financial statements
of the Group for 2008.
Group financial statements 49