Holiday Inn 2013 Annual Report Download - page 123
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2. Segmental information continued
Year ended 31 December 20111
Americas
$m
Europe
$m
AMEA
$m
Greater China
$m
Central
$m
Group
$m
Revenue
Franchised 502 86 19 2 – 609
Managed 124 118 151 77 –470
Owned and leased 204 201 46 126 –577
Central – – – – 112 112
830 405 216 205 112 1,768
Americas
$m
Europe
$m
AMEA
$m
Greater China
$m
Central
$m
Group
$m
Segmental result
Franchised 431 65 12 3 – 511
Managed 52 26 87 43 –208
Owned and leased 17 49 537 –108
Regional and central (49) (40) (20) (16) (154) (279)
Reportable segments’ operating profit 451 100 84 67 (154) 548
Exceptional operating items (note 5) 35 (39) 26 –35 57
Operating profit 486 61 110 67 (119) 605
Group
$m
Reportable segments’ operating profit 548
Exceptional operating items (note 5) 57
Operating profit 605
Net finance costs (62)
Profit before tax 543
Tax (78)
Profit for the year 465
All items above relate to continuing operations.
Year ended 31 December 2011
Americas
$m
Europe
$m
AMEA
$m
Greater China
$m
Central
$m
Group
$m
Other segmental information
Capital expenditure 84 15 14 872 193
Non-cash items:
Depreciation and amortisation223 24 16 16 20 99
Impairment losses –23––5
Reversal of previously recorded impairment (25) ––––(25)
Share-based payments cost ––––25 25
Share of profit of associates and joint ventures – – (1) – – (1)
1 Restated for the adoption of IAS I9R ‘Employee Benefits’ (see page 111). See note on ‘Comparatives for 2011’ on page 111.
2 Included in the $99m of depreciation and amortisation is $30m relating to administrative expenses and $69m relating to cost of sales.
Notes to the Group Financial Statements 121
OVERVIEW STRATEGIC REPORT GOVERNANCE
GROUP
FINANCIAL STATEMENTS
PARENT COMPANY
FINANCIAL STATEMENTS ADDITIONAL INFORMATION