Holiday Inn 2008 Annual Report Download - page 92

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90 IHG Annual Report and Financial Statements 2008
25 Share-based payments continued
Summarised information about options outstanding at 31 December 2008 under the share option schemes is as follows:
Options outstanding
Weighted
average Weighted
Number remaining average
outstanding contract life option price
Range of exercise prices (pence) thousands years pence
Sharesave Plan
420.5 49 0.3 420.5
Executive Share Option Plan
308.5 to 349.1 526 1.3 347.6
422.8 to 494.2 5,574 4.3 462.7
619.8 1,535 6.3 619.8
7,635 4.5 486.3
At 31 December 2008, the options outstanding under the Sharesave Plan are not exercisable; those under the Executive Share Option Plan
are exercisable.
26 Deferred tax payable
Other
Property, Deferred short-term
plant and gains on Employee Intangible temporary
equipment loan notes Losses benefits* assets differences** Total
$m $m $m $m $m $m $m
At 1 January 2007 233 180 (175) (28) 33 (84) 159
Income statement 3 (8) (6) 7 6 (60) (58)
Statement of recognised income and expense – – – (11) – 54 43
Exchange and other adjustments 12 3 (9) – 3 1 10
At 31 December 2007 248 175 (190) (32) 42 (89) 154
Income statement (7) – 13 18 (8) (8) 8
Statement of recognised income and expense – – – (21) – 2 (19)
Exchange and other adjustments (15) (33) 36 2 (6) (6) (22)
At 31 December 2008 226 142 (141) (33) 28 (101) 121
2008 2007
restated*
$m $m
Analysed as:
Deferred tax payable 117 148
Liabilities classified as held for sale 46
At 31 December 121 154
* Restated for IFRIC 14 (see page 56).
** Other short-term temporary differences relate primarily to provisions and accruals and share-based payments.
Deferred gains on loan notes includes $55m (2007 $55m) which is expected to fall due for payment in 2011.
The deferred tax asset of $141m (2007 $190m) recognised in respect of losses includes $87m (2007 $120m) in respect of capital losses
available to be utilised against the realisation of capital gains which are recognised as a deferred tax liability and $54m (2007 $70m)
in respect of revenue tax losses. Revenue losses include $nil (2007 $7m) in respect of losses which arose during a period of hotel
refurbishment and which are expected to be utilised against future operating profit.
Notes to the Group financial statements continued