Holiday Inn 2008 Annual Report Download - page 57

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Group balance sheet
2008 2007
restated*
31 December 2008 Note $m $m
ASSETS
Property, plant and equipment 10 1,684 1,934
Goodwill 12 143 221
Intangible assets 13 302 335
Investment in associates 14 43 65
Retirement benefit assets 24 40 49
Other financial assets 15 152 188
Total non-current assets 2,364 2,792
Inventories 16 46
Trade and other receivables 17 412 472
Current tax receivable 36 109
Cash and cash equivalents 18 82 105
Other financial assets 15 10 18
Total current assets 544 710
Non-current assets classified as held for sale 11 210 115
Total assets 23,118 3,617
LIABILITIES
Loans and other borrowings 20 (21) (16)
Trade and other payables 19 (746) (784)
Current tax payable (374) (426)
Total current liabilities (1,141) (1,226)
Loans and other borrowings 20 (1,334) (1,748)
Retirement benefit obligations 24 (129) (112)
Trade and other payables 19 (392) (279)
Deferred tax payable 26 (117) (148)
Total non-current liabilities (1,972) (2,287)
Liabilities classified as held for sale 11 (4) (6)
Total liabilities 2(3,117) (3,519)
Net assets 198
EQUITY
Equity share capital 28 118 163
Capital redemption reserve 28 10 10
Shares held by employee share trusts 28 (49) (83)
Other reserves 28 (2,890) (2,918)
Unrealised gains and losses reserve 28 938
Currency translation reserve 28 172 233
Retained earnings 28 2,624 2,649
IHG shareholders’ equity (6) 92
Minority equity interest 29 76
Total equity 198
* Restated for IFRIC 14 (see page 56).
Signed on behalf of the Board
Richard Solomons
16 February 2009
Notes on pages 56 to 94 form an integral part of these financial statements.
Group cash flow statement and Group balance sheet 55
GROUP FINANCIAL
STATEMENTS