Holiday Inn 2004 Annual Report Download - page 60

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Group Company
Shares in Loans to
Group Group
Investments undertakings undertakings Total
20 FIXED ASSET INVESTMENTS £m £m £m £m
Cost:
At 31 December 2003 341 741 420 1,161
Exchange and other adjustments (13) – (3) (3)
Reclassification to current asset investments* (195) – – –
Additions 11–––
Disposals and repayments (7) – (399) (399)
At 31 December 2004 137 741 18 759
Provision for diminution in value:
At 31 December 2003 169–––
Exchange adjustments (5) – – –
Reclassification to current asset investments* (133) – – –
Provisions made 13–––
Provisions written back (6) – – –
At 31 December 2004 38–––
Net book value:
At 31 December 2004 99 741 18 759
At 31 December 2003 172 741 420 1,161
* Relates to the Group’s investment in FelCor Lodging Trust Inc.
31 Dec 2004 31 Dec 2003
Cost less Cost less
amount Market amount Market
written off value written off value
Investments £m £m £m £m
Group
Listed investments 1464 66
Unlisted investments 98 108
99 172
All listed investments are listed on a recognised investment exchange.
Group
31 Dec 31 Dec
2004 2003
21 STOCKS £m £m
Raw materials 99
Finished stocks 23 21
Consumable stores 10 14
42 44
Group Company
31 Dec 2004 31 Dec 2003
Total After Total After 31 Dec 31 Dec
one year one year 2004 2003
22 DEBTORS £m £m £m £m £m £m
Trade debtors 285 – 277 – ––
Amounts owed by Group undertakings ––––330 367
Other debtors 100 25 104 17 ––
Corporate taxation 14 – 37 7 5–
Pension prepayment 110 110 47 47 ––
Other prepayments 47 2 58 5 ––
556 137 523 76 335 367
Notes to the financial statements
58 InterContinental Hotels Group 2004