Holiday Inn 2004 Annual Report Download - page 42

Download and view the complete annual report

Please find page 42 of the 2004 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 80

  • 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

GROUP CASH FLOW STATEMENT
2004 2003
12 months 15 months
for the 12 months ended 31 December 2004 note £m £m £m £m
Operating activities 12 515 795
Interest paid (91) (141)
Costs associated with new facilities (5) (20)
Premium on early settlement of debt (17) (136)
Dividends paid to minority shareholders (26) (22)
Interest received 72 111
Returns on investments and servicing of finance (67) (208)
UK corporation tax (paid)/received (4) 25
Overseas corporate tax paid (31) (21)
Taxation (35) 4
Paid: Intangible fixed assets –(10)
Tangible fixed assets (245) (475)
Fixed asset investments (12) (37)
Received: Tangible fixed assets 101 265
Fixed asset investments 59
Capital expenditure and financial investment 14 (151) (248)
Separation costs –(66)
Acquisitions and disposals –(66)
Equity dividends (600) (299)
Net cash flow (338) (22)
Management of liquid resources 16 320 (129)
Financing 16 –206
Movement in cash and overdrafts (18) 55
Notes on pages 42 to 66 form an integral part of these financial statements.
Financial statements
40 InterContinental Hotels Group 2004