Holiday Inn 2008 Annual Report Download - page 75
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Notes to the Group financial statements 73
11 Assets sold, held for sale and discontinued operations continued
2008 2007
$m $m
Assets and liabilities held for sale
Non-current assets classified as held for sale:
Property, plant and equipment 210 115
Liabilities classified as held for sale:
Deferred tax (note 26) (4) (6)
2008 2007
$m $m
Results of discontinued operations
Revenue 43 79
Cost of sales (29) (59)
14 20
Depreciation and amortisation –(3)
Operating profit 14 17
Tax (5) (6)
Profit after tax 911
Gain on disposal of assets, net of tax (note 5) 532
Profit for the year from discontinued operations 14 43
2008 2007
cents per cents per
ordinary share ordinary share
Earnings per ordinary share from discontinued operations
Basic 4.9 13.4
Diluted 4.7 13.0
2008 2007
$m $m
Cash flows attributable to discontinued operations
Operating profit before interest, depreciation and amortisation 14 20
Investing activities –(2)
The effect of discontinued operations on segmental results is shown in note 2.
GROUP FINANCIAL
STATEMENTS