Holiday Inn 2012 Annual Report Download - page 90

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88 IHG Annual Report and Financial Statements 2012
Group Financial Statements continued
Group statement of financial position
2012 2011
31 December 2012 Note $m $m
ASSETS
Property, plant and equipment 10 1,056 1,362
Goodwill
12 93 92
Intangible assets 13 354 308
Investment in associates and joint ventures 14 84 87
Retirement benefit assets 25 99 21
Other financial assets 15 155 156
Non-current tax receivable 24 41
Deferred tax assets 26 204 106
Total non-current assets 2,069 2,173
Inventories 16 4 4
Trade and other receivables 17 422 369
Current tax receivable 31 20
Derivative financial instruments 23 2 3
Other financial assets 15 6 –
Cash and cash equivalents 18 195 182
Total current assets 660 578
Non-current assets classified as held for sale 11 534 217
Total assets
2 3,263 2,968
LIABILITIES
Loans and other borrowings 22 (16) (21)
Trade and other payables 19 (709) (707)
Provisions 20 (1) (12)
Current tax payable (54) (120)
Total current liabilities (780) (860)
Loans and other borrowings 22 (1,242) (670)
Derivative financial instruments 23 (19) (39)
Retirement benefit obligations 25 (187) (188)
Trade and other payables 19 (563) (497)
Provisions 20 (1) (2)
Deferred tax liabilities 26 (93) (97)
Total non-current liabilities (2,105) (1,493)
Liabilities classified as held for sale 11 (61) (60)
Total liabilities
2 (2,946) (2,413)
Net assets 317 555
EQUITY
Equity share capital 28 179 162
Capital redemption reserve 28 11 10
Shares held by employee share trusts 28 (48) (27)
Other reserves 28 (2,901) (2,893)
Unrealised gains and losses reserve 28 72 71
Currency translation reserve 28 214 189
Retained earnings 2,781 3,035
IHG shareholders’ equity 308 547
Non-controlling interest 9 8
Total equity 317 555
Signed on behalf of the Board
Tom Singer
18 February 2013
Notes on pages 90 to 128 form an integral part of these Financial Statements.