Holiday Inn 2010 Annual Report Download - page 70

Download and view the complete annual report

Please find page 70 of the 2010 Holiday Inn annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 124

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124

68 IHG Annual Report and Financial Statements 2010
Group financial statements continued
Group statement of financial position
2010 2009
31 December 2010 Note $m $m
ASSETS
Property, plant and equipment 10 1,690 1,836
Goodwill 12 92 82
Intangible assets 13 266 274
Investment in associates 14 43 45
Retirement benefit assets 25 5 12
Other financial assets 15 135 130
Deferred tax assets 26 79 95
Total non-current assets 2,310 2,474
Inventories 16 4 4
Trade and other receivables 17 371 335
Current tax receivable 13 35
Cash and cash equivalents 18 78 40
Other financial assets 15 – 5
Total current assets 466 419
Total assets 2 2,776 2,893
LIABILITIES
Loans and other borrowings 22 (18) (106)
Derivative financial instruments 23 (6) (7)
Trade and other payables 19 (722) (668)
Provisions 20 (8) (65)
Current tax payable (167) (194)
Total current liabilities (921) (1,040)
Loans and other borrowings 22 (776) (1,016)
Derivative financial instruments 23 (38) (13)
Retirement benefit obligations 25 (200) (142)
Trade and other payables 19 (464) (408)
Provisions 20 (2) –
Deferred tax liabilities 26 (84) (118)
Total non-current liabilities (1,564) (1,697)
Total liabilities 2 (2,485) (2,737)
Net assets 291 156
EQUITY
Equity share capital 28 155 142
Capital redemption reserve 10 11
Shares held by employee share trusts (35) (4)
Other reserves (2,894) (2,900)
Unrealised gains and losses reserve 49 29
Currency translation reserve 211 215
Retained earnings 2,788 2,656
IHG shareholders’ equity 284 149
Non-controlling interest 7 7
Total equity 291 156
Signed on behalf of the Board
Richard Solomons
14 February 2011
Notes on pages 70 to 108 form an integral part of these financial statements.