Holiday Inn 2004 Annual Report Download - page 43

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BALANCE SHEETS
Group Company
31 Dec 31 Dec 31 Dec 31 Dec
2004 2003 2004 2003
31 December 2004 note £m £m £m £m
Fixed assets
Intangible assets 18 142 158 ––
Tangible assets 19 3,776 3,951 ––
Investments 20 99 172 759 1,161
4,017 4,281 759 1,161
Current assets
Stocks 21 42 44 ––
Debtors 22 556 523 335 367
analysed as:
Amounts falling due within one year 419 447 335 367
Amounts falling due after one year 137 76 ––
Investments 23 116 377 ––
Cash at bank and in hand 43 55 –3
757 999 335 370
Creditors: amounts falling due within one year 24 (1,013) (1,085) (91) (75)
Net current (liabilities)/assets (256) (86) 244 295
Total assets less current liabilities 3,761 4,195 1,003 1,456
Creditors: amounts falling due after one year 25 (1,252) (1,085) –(420)
Provisions for liabilities and charges (382) (393) ––
analysed as:
Deferred taxation 26 (248) (314) ––
Other provisions 27 (134) (79) ––
Minority equity interests (150) (163) ––
Net assets 17 1,977 2,554 1,003 1,036
Capital and reserves
Equity share capital 30 697 739 697 739
Share premium account 31 26 14 26 14
Revaluation reserve 31 233 258 ––
Capital redemption reserve 31 46 –46 –
Merger reserve 31 1,164 1,164 ––
Other reserve 31 (22) (11) (22) (11)
Profit and loss account 31 (167) 390 256 294
Equity shareholders’ funds 1,977 2,554 1,003 1,036
Signed on behalf of the Board
Richard Solomons
9 March 2005
Notes on pages 42 to 66 form an integral part of these financial statements.
InterContinental Hotels Group 2004 41