Holiday Inn 2014 Annual Report Download - page 187

IHG System size
the number of hotels/rooms franchised,
managed, owned and leased by IHG.
indirect channels
online travel intermediaries and business
and leisure travel agents.
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 9 October 2012 until 30 June 2014,
the ordinary shares of 14194/329 pence each
in the Company; and from 1 July 2014,
the ordinary shares of 15265/329 pence each
in the Company.
owner
the ultimate owner of a 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being withdrawn.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. It is not revenue
attributable to IHG, as it is derived from
hotels owned by third parties.
TSR or Total Shareholder Return
the theoretical growth in value of a
shareholding over a period, by reference to
the beginning and ending share price, and
assuming that dividends, including special
dividends, are reinvested to purchase
additional units of the equity.
UK
the United Kingdom.
UK DB Plan
the Defined Benefit section of the IC Plan.
UK DC Plan
the Defined Contribution section of the
IC Plan.
UK GAAP
United Kingdom Generally Accepted
Accounting Practice.
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.
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STRATEGIC REPORT GOVERNANCE
GROUP FINANCIAL STATEMENTS
PARENT COMPANY FINANCIAL STATEMENTS
ADDITIONAL INFORMATION