Holiday Inn 2013 Annual Report Download - page 189

IC Plan
InterContinental Hotels UK Pension Plan.
IFRS
International Financial Reporting Standards as adopted by the EU
and issued by the IASB.
IHG System
Hotels operating under franchise and management agreements
together with IHG owned and leased hotels.
IHG System size
the number of hotels/rooms franchised, managed, owned or
leased by IHG.
interest rate swap
an agreement to exchange fixed for floating interest rate streams
(or vice versa) on a notional principal.
liquidated damages
payments received in respect of the early termination of
management and franchise contracts, where applicable.
LTIP
Long Term Incentive Plan.
managed leases
properties structured for legal reasonsas operating leases
but with thesame characteristics as management contracts.
management contract
a contract to operate a hotel on behalf ofthe hotel owner.
market capitalisation
the value attributed to a listed company by multiplying its share
price by the number of shares in issue.
net debt
borrowings less cash and cash equivalents, including the
exchangeelement of the fair value of currency swaps hedging
theborrowings.
net rooms supply
net total number of IHG hotel rooms.
NYSE
New York Stock Exchange.
occupancy rate
rooms occupied by hotel guests, expressed as a percentage of
rooms that are available.
ordinary share
from 4 June 2007 until 8 October 2012, the ordinary shares of
1329/47 pence each in the Company; and following 9 October 2012,
the ordinary shares of 14194/329 pence each in the Company.
owner
the ultimate owner of the hotel property.
pipeline
hotels/rooms that will enter the IHG System at a future date. A new
hotel only enters the pipeline once a contract has been signed and
the appropriate fees paid. In rare circumstances, a hotel will not
open for reasons such as the financing being withdrawn.
RevPAR or revenue per availableroom
rooms revenue divided by the number of room nights that are
available (can be mathematically derived from occupancy rate
multiplied by average daily rate).
room count
number of rooms franchised, managed,owned or leased by IHG.
rooms revenue
revenue generated from the sale of room nights.
royalty revenues
rooms revenue that a franchisee pays tothe brand owner for use
of the brandname.
SCETUS
Six Continents Executive Top-Up Scheme.
SEC
US Securities and ExchangeCommission.
Six Continents
Six Continents Limited; previously Six Continents PLC and
re-registered as a private limited company on 6 June 2005.
sterling or pounds sterling, £,pence or p
the pound sterling, the currency of the United Kingdom.
subsidiary undertaking
a company over which the Group exercises control.
system contribution to revenue
per cent of rooms revenue delivered through IHG’s direct and
indirect systems and channels.
System Fund or Fund
assessment fees and contributions collected from hotels within
the IHG System for the specific use of marketing, the IHG Rewards
Club loyalty programme and the global reservations system.
technology income
income received from hotels under franchise and management
agreements for the use of IHG’s proprietary reservations system.
total gross revenue
total rooms revenue from franchised hotels and total hotel revenue
from managed, owned and leased hotels.
Total Shareholder Return or TSR
the theoretical growth in value of ashareholding over a period,
byreferenceto the beginning and endingshare price, and
assuming that gross dividends, including special dividends,
are reinvested to purchase additional units of the equity.
UK
the United Kingdom.
UK GAAP
United Kingdom Generally Accepted Accounting Practice.
UK DB Plan
the defined benefit section of the IC Plan.
UK DC Plan
the defined contribution section of the IC Plan.
US
the United States of America.
US 401(k) Plan
the Defined Contribution 401(k) plan.
US Deferred Compensation Plan
the Defined Contribution Deferred Compensation Plan.
US dollars, US$, $ or ¢
the currency of the United States ofAmerica.
working capital
the sum of inventories, receivables andpayables of a trading
nature, excluding financing and taxation items.
Additional Information 187
OVERVIEW STRATEGIC REPORT GOVERNANCE
GROUP FINANCIAL STATEMENTS
PARENT COMPANY FINANCIAL STATEMENTS ADDITIONAL INFORMATION