Holiday Inn 2013 Annual Report Download - page 162

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8. Reconciliation of movements in shareholders’ funds
2013
£m
2012
£m
Earnings available for shareholders 1,487 610
Dividends (342) (426)
1,145 184
Issue of ordinary shares 37
Repurchase of shares (181) (67)
Transaction costs relating to shareholder returns –(1)
Share-based payments capital contribution 17 17
Net movement in shareholders’ funds 984 140
Shareholders’ funds at 1 January 883 743
Shareholders’ funds at 31 December 1,867 883
9. Profit and dividends
Profit on ordinary activities after tax amounts to £1,487m (2012 £610m).
A final dividend, declared in the previous year, of 27.7p (2012 24.7p) per share was paid during the year, amounting to £74m (2012 £72m).
Aninterim dividend of 15.1p (2012 13.5p) per share was paid during the year, amounting to £40m (2012 £39m). A special interim dividend
of87.1p(2012 108.4p) per share was paid during the year, amounting to £228m (2012 £315m). A final dividend of 28.1p (2012 27.7p) per
share,amountingto £72m (2012£74m), isproposed for approval at the AGM. The proposed final dividend is payable on shares in issue
at21March2014.
The audit fee of £0.02m (2012 £0.02m) was borne by a subsidiary undertaking in both years.
160 IHG Annual Report and Form 20-F 2013
Notes to the Parent Company Financial Statements continued