Holiday Inn 2013 Annual Report Download - page 188

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adjusted
excluding the effect of exceptional items and any relevant tax.
ADR
an American Depositary Receipt, being a receipt evidencing title
to an American Depositary Share (ADS).
ADR Depositary (JPMorgan)
JPMorgan Chase Bank N.A.
ADS
an American Depositary Share as evidenced by an American
Depositary Receipt, being a registered negotiable security,
listed on the New York Stock Exchange, representing one
ordinary share of 14194/329 pence each of theCompany.
AGM
Annual General Meeting.
AMEA
Asia, Middle East and Africa.
APP
Annual Performance Plan.
Articles
the articles of association of the Company for the time being
inforce.
average daily rate or average room rate
rooms revenue divided by the number ofroom nights sold.
basic earnings per ordinaryshare
profit available for IHG equity holders divided by the weighted
average numberof ordinary shares in issue during the year.
capital expenditure
purchases of property, plant and equipment, intangible assets,
associate and joint venture investments and other financial assets.
cash-generating units (CGUs)
the smallest identifiable groups of assets that generate cash
inflows that are largely independent of the cash inflows from
other assets, or groups ofassets.
Code
UK Corporate Governance Code issued in September 2012
bythe Financial Reporting Council in theUK.
Companies Act
the Companies Act 2006, as amended from time to time.
Company
InterContinental Hotels Group PLC.
comparable RevPAR
a comparison for a grouping of hotels that have traded in all
months in both financial years being compared. Principally
excludes new hotels, hotels closed for major refurbishment
and hotels sold in either of the two years.
constant currency
a current year value translated using theprevious year’s
exchangerates.
contingencies
liabilities that are contingent upon the occurrence of one or more
uncertain future events.
continuing operations
operations not classified asdiscontinued.
currency swap
an exchange of a deposit and a borrowing, each denominated
in a different currency, for an agreed periodof time.
derivatives
a financial instrument used to reduce risk, the price of which
is derived from an underlying asset, index or rate.
discontinued operations
hotels or operations sold or those classified as held for sale when
the results relate to a separate line of business, geographical area
of operations, or where there is a co-ordinated plan to dispose of a
separate line of business or geographical area of operations.
Employee Engagement survey
twice a year, we ask our employees and those who work in our
managed hotels (excluding our joint venture hotels) to participate in
an Employee Engagement survey, to measure employee engagement.
EU
the European Union.
euro or €
the currency of the European Economic and MonetaryUnion.
exceptional items
items which are disclosed separately because of their size
ornature.
extended-stay
hotels designed for guests staying forperiods of time longer than
a fewnights and tending to have a higherproportion of suites than
normalhotels (Staybridge Suites, Candlewood Suites).
fee margin
operating profit as a percentage of revenue, excluding revenue and
operating profit from owned and leased hotels, managed leases
and significant liquidated damages.
fee revenue
Group revenue excluding revenue fromowned and leased hotels,
managedleases and significant liquidated damages.
franchisee
operator who uses a brand under licence from the brand owner,IHG.
franchisor
brand owner, IHG, who licenses brands for use by operators.
goodwill
the difference between the consideration given for a business and
the total of the fair values of the separable assets and liabilities
comprising that business.
Group or IHG
the Company and its subsidiaries.
Guest Heartbeat
IHG’s guest satisfaction measurement tool to measure brand
preference and guest satisfaction.
hedging
the reduction of risk, normally in relationto foreign currency or
interestrate movements, by making offsetting commitments.
IASB
International Accounting StandardsBoard.
ICETUS
InterContinental Executive Top-upScheme.
186 IHG Annual Report and Form 20-F 2013
Glossary