Holiday Inn 2013 Annual Report Download - page 160

Download and view the complete annual report

Please find page 160 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

4. Debtors
2013
£m
2012
£m
Amounts due from subsidiary undertakings 14 5
Corporate taxation 14 11
28 16
5. Creditors
2013
£m
2012
£m
Amounts falling due within one year
Amounts due to subsidiary undertakings 484 1,440
Amounts falling due after more than one year
£250m 6% bonds 2016 250 249
£400m 3.875% bonds 2022 395 395
645 644
The 6% fixed interest sterling bonds were issued on 9 December 2009 and are repayable in full on 9 December 2016. Interest is payable
annually on9 December in each year commencing 9 December 2010 to the maturity date. The bonds were initially priced at 99.465%
offace value and are unsecured. The 3.875% fixed interest sterling bonds were issued on 28 November 2012 and are repayable on
28November 2022. Interest is payable annually on 28 November in each year commencing 28 November 2013 to the maturity date.
Thebonds were initially priced at 98.787% of face value and are unsecured.
2. Directors
2013 2012
Number of Directors 13 11
2013
£m
2012
£m
Directors’ emoluments
Base salaries, fees, performance payments and benefits 5.5 6.1
Pension benefits under defined contribution plan 0.2 0.1
Detailed information on the emoluments, pensions, option holdings and shareholdings for each Director is shown in the Directors’
Remuneration Report on pages 74 to 97.
3. Investments
£m
At 1 January 2013 2,951
Share-based payments capital contribution 17
At 31 December 2013 2,968
The Company is the beneficial owner of all of the equity share capital of InterContinental Hotels Limited. The principal operating
subsidiary undertakings of that company are listed in note 36 of the Group Financial Statements.
158 IHG Annual Report and Form 20-F 2013
Notes to the Parent Company Financial Statements continued