Holiday Inn 2009 Annual Report Download - page 76

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74 IHG Annual Report and Financial Statements 2009
2 Segmental information continued
Americas EMEA Asia Pacific Central Group
Year ended 31 December 2008 $m $m $m $m $m
Assets and liabilities
Segment assets 1,031 957 613 189 2,790
Non-current assets classified as held for sale 2091––210
1,240 958 613 189 3,000
Unallocated assets:
Current tax receivable 36
Cash and cash equivalents 82
Total assets 3,118
Segment liabilities (429) (257) (63) (508) (1,257)
Liabilities classified as held for sale (4) – – – (4)
(433) (257) (63) (508) (1,261)
Unallocated liabilities:
Current tax payable (374)
Deferred tax payable (117)
Loans and other borrowings (1,355)
Derivatives (10)
Total liabilities (3,117)
Americas EMEA Asia Pacific Central Group
$m $m $m $m $m
Other segmental information
Capital expenditure (see below) 51 5 13 74 143
Non-cash items:
Depreciation and amortisation* 31 35 26 20 112
Impairment losses 75 21 – – 96
* Included in the $112m of depreciation and amortisation is $32m relating to administrative expenses and $80m relating to cost of sales.
Central liabilities include the loyalty programme liability and the cumulative short-term System Fund surplus which were allocated to the
geographical segments prior to the adoption of IFRS 8.
Americas EMEA Asia Pacific Central Group
Reconciliation of capital expenditure $m $m $m $m $m
Capital expenditure per management reporting 51 5 13 74 143
Timing differences ––4–4
Exchange and other adjustments (1) (3) (2) 2 (4)
Capital expenditure per the financial statements 50 2 15 76 143
Comprising additions to:
Property, plant and equipment 43 2 10 36 91
Intangible assets 7 – 2 40 49
Investment in associates ––3–3
50 2 15 76 143
Notes to the Group financial statements continued