Holiday Inn 2013 Annual Report Download - page 110

Download and view the complete annual report

Please find page 110 of the 2013 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 192

  • 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
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192

Group statement of changes in equity continued
Equity
share
capital
$m
Capital
redemption
reserve
$m
Shares
held by
employee
share
trusts
$m
Other
reserves
$m
Unrealised
gains and
losses
reserve
$m
Currency
translation
reserve
$m
Retained
earnings
(restated2)
$m
IHG share-
holders’
equity
(restated2)
$m
Non-
controlling
interest
$m
Total
equity
(restated2)
$m
At 1 January 20111155 10 (35) (2,894) 49 211 2,775 271 7278
Profit for the year1––––––465 465 –465
Other comprehensive income:
Items that may be subsequently reclassified
to profit or loss:
Gains on valuation of available-for-sale
financial assets – – – – 15 – – 15 –15
Losses reclassified to income on
impairment of available-for-sale
financialassets ––––3––3–3
Losses reclassified to financial expenses on
cash flow hedges ––––4––4–4
Exchange differences on retranslation of
foreign operations –––––(22) –(22) 1(21)
– – – – 22 (22) – – 1 1
Items that will not be reclassified to profit
orloss:
Re-measurement losses on defined
benefit plans – – – – – – (13) (13) –(13)
– – – – – – (13) (13) –(13)
Total other comprehensive loss – – – – 22 (22) (13) (13) 1(12)
Total comprehensive income for the year – – – – 22 (22) 452 452 1453
Issue of ordinary shares 8––––––8–8
Purchase of own shares by employee
share trusts – – (75) – – – – (75) –(75)
Release of own shares by employee
share trusts – – 83 – – – (80) 3 – 3
Equity-settled share-based cost ––––––29 29 –29
Tax related to share schemes ––––––77–7
Equity dividends paid – – – – – – (148) (148) –(148)
Exchange adjustments (1) ––1––––––
At 31 December 2011 162 10 (27) (2,893) 71 189 3,035 547 8555
1 See note on ‘Comparatives for 2011’ on page 111.
2 Restated for the adoption of IAS I9R ‘Employee Benefits’ (see page 111).
All items above are shown net of tax.
Notes on pages 111 to 153 form an integral part of these Financial Statements.
108 IHG Annual Report and Form 20-F 2013
Group Financial Statements continued