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Earnings per ordinary share
 12 Months Ended
Dec. 31, 2017
Text block1 [abstract]  
Earnings per ordinary share

9. Earnings per ordinary share

Basic earnings per ordinary share is calculated by dividing the profit for the year available for IHG equity holders by the weighted average number of ordinary shares, excluding investment in own shares, in issue during the year.

Diluted earnings per ordinary share is calculated by adjusting basic earnings per ordinary share to reflect the notional exercise of the weighted average number of dilutive ordinary share awards outstanding during the year.

Adjusted earnings per ordinary share is disclosed in order to show performance undistorted by exceptional items, to give a more meaningful comparison of the Group’s performance.

 

LOGO   Information concerning non-GAAP measures can be found in the Strategic Report on page 26.

 

Continuing and total operations

    2017      2016      2015  

Basic earnings per ordinary share

         

Profit available for equity holders ($m)

      592        414        1,222  

Basic weighted average number of ordinary shares (millions)

      193        212        235  

Basic earnings per ordinary share (cents)

      306.7        195.3        520.0  

Diluted earnings per ordinary share

         

Profit available for equity holders ($m)

      592        414        1,222  

Diluted weighted average number of ordinary shares (millions)

      194        214        238  

Diluted earnings per ordinary share (cents)

      305.2        193.5        513.4  

Adjusted earnings per ordinary share

         

Profit available for equity holders ($m)

      592        414        1,222  

Adjusting items (note 5):

         

Exceptional items before tax ($m)

      (4 )       29        (819 ) 

Tax on exceptional items ($m)

      2        (12 )       8  

Exceptional tax ($m)

      (118 )       —          —    

Adjusted earnings ($m)

      472        431        411  

Basic weighted average number of ordinary shares (millions)

      193        212        235  

Adjusted earnings per ordinary share (cents)

      244.6        203.3        174.9  

Adjusted diluted earnings per ordinary share

         

Adjusted earnings ($m)

      472        431        411  

Diluted weighted average number of ordinary shares (millions)

      194        214        238  

Adjusted diluted earnings per ordinary share (cents)

      243.3        201.4        172.7  
     2017
millions		      2016
millions		      2015
millions		  

Diluted weighted average number of ordinary shares is calculated as:

         

Basic weighted average number of ordinary shares

      193        212        235  

Dilutive potential ordinary shares

      1        2        3  
  

 

 

     

 

 

     

 

 

  
     194        214        238