Holiday Inn 2008 Annual Report Download - page 66

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64 IHG Annual Report and Financial Statements 2008
2 Segmental information continued
Americas EMEA Asia Pacific Central Group
Year ended 31 December 2007 $m $m $m $m $m
Revenue
Owned and leased 257 244 145 – 646
Managed 156 167 99 – 422
Franchised 489 81 16 – 586
Central – – – 117 117
Continuing operations 902 492 260 117 1,771
Discontinued operations – owned and leased 62 17 – – 79
964 509 260 117 1,850
Americas EMEA Asia Pacific Central Group
$m $m $m $m $m
Segmental result
Owned and leased 40 33 36 – 109
Managed 41 87 46 – 174
Franchised 425 58 6 – 489
Regional and central (66) (44) (25) (163) (298)
Continuing operations 440 134 63 (163) 474
Exceptional operating items 17 21 17 5 60
Operating profit 457 155 80 (158) 534
Discontinued operations – owned and leased 161––17
473 156 80 (158) 551
Continuing Discontinued Group
$m $m $m
Operating profit before exceptional items 474 17 491
Exceptional operating items 60 – 60
Operating profit 534 17 551
Net finance costs (90) – (90)
Profit before tax 444 17 461
Tax (24) (6) (30)
Profit after tax 420 11 431
Gain on disposal of assets, net of tax – 32 32
Profit for the year 420 43 463
Notes to the Group financial statements continued