Holiday Inn 2014 Annual Report Download - page 120

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2. Segmental information continued
Year ended 31 December 2012
Americas
$m
Europe
$m
AMEA
$m
Greater
China
$m
Central
$m
Group
$m
Revenue
Franchised 541 91 18 3 – 653
Managed 97 147 152 89 –485
Owned and leased 199 198 48 138 –583
Central ––––114 114
837 436 218 230 114 1,835
Americas
$m
Europe
$m
AMEA
$m
Greater
China
$m
Central
$m
Group
$m
Segmental result
Franchised 466 65 12 4 – 547
Managed 48 32 90 51 –221
Owned and leased 24 50 645 –125
Regional and central (52) (35) (20) (19) (162) (288)
Reportable segments’ operating profit 486 112 88 81 (162) 605
Exceptional operating items (note 5) 23 (4) (5) –(18) (4)
Operating profit 509 108 83 81 (180) 601
Group
$m
Reportable segments’ operating profit 605
Exceptional operating items (note 5) (4)
Operating profit 601
Net finance costs (54)
Profit before tax 547
Tax (9)
Profit for the year 538
All items above relate to continuing operations.
Year ended 31 December 2012
Americas
$m
Europe
$m
AMEA
$m
Greater
China
$m
Central
$m
Group
$m
Other segmental information
Capital expenditure 25 19 6 7 76 133
Non-cash items:
Depreciation and amortisation120 23 14 15 22 94
Reversal of previously recorded impairment (23) ––––(23)
Write-off of software ––––18 18
Demerger liability released ––––(9) (9)
Share-based payments cost ––––22 22
Share of profits of associates and joint ventures – – (3) – – (3)
1 Included in the $94m of depreciation and amortisation is $31m relating to administrative expenses and $63m relating to cost of sales.
continuedNotes to the Group Financial Statements
IHG Annual Report and Form 20-F 2014
118