Holiday Inn 2014 Annual Report Download - page 160
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4. Debtors
2014
£m
2013
£m
Amounts due from subsidiary undertakings 814
Corporate taxation 15 14
23 28
5. Creditors
2014
£m
2013
£m
Amounts falling due within one year
Bank overdraft 1–
Amounts due to subsidiary undertakings 1,132 484
1,133 484
Amounts falling due after more than one year
£250m 6% bonds 2016 250 250
£400m 3.875% bonds 2022 396 395
646 645
The 6% fixed interest sterling bonds were issued on 9 December 2009 and are repayable in full on 9 December 2016. Interest is payable
annually on9 December in each year commencing 9 December 2010 to the maturity date. The bonds were initially priced at 99.465%
offace value and are unsecured. The 3.875% fixed interest sterling bonds were issued on 28 November 2012 and are repayable on
28November 2022. Interest is payable annually on 28 November in each year commencing 28 November 2013 to the maturity date.
Thebonds were initially priced at 98.787% of face value and are unsecured.
6. Share capital
Number
of shares
millions £m
Allotted, called up and fully paid
At 1 January 2014 (ordinary shares of 14194 ⁄329p each) 269 39
Share capital consolidation (20) –
Repurchased and cancelled under repurchase programme (1) –
At 31 December 2014 (ordinary shares of 15265⁄329p each) 248 39
Under the authority granted by shareholders at the General Meeting (GM) held on 8 October 2012, the share repurchase programme
commenced in November 2012. 3.4m shares were repurchased in the year to 31 December 2014 for a total consideration of £67m.
The authority given to the Company at the GM held on 30 June 2014 to purchase its own shares was still valid at 31December 2014.
Aresolution to renew the authority will be put to shareholders at the Annual General Meeting (AGM) on 8 May 2015.
The Company no longer has an authorised share capital.
The aggregate consideration in respect of ordinary shares issued under option schemes during the year was £nil (2013 £3m).
Further details of the share capital consolidation are set out in note 27 of the Group Financial Statements on page 149.
Thousands
Options to subscribe for ordinary shares
At 1 January 2014 60
Exercised1(60)
At 31 December 2014 –
Option exercise price per ordinary share (pence) 494.2–619.8
1 The weighted average option price was 541.3p for shares exercised under the Executive Share Option Plan.
158
IHG Annual Report and Form 20-F 2014
continuedNotes to the Parent Company Financial Statements