Investment in associates and joint ventures (Tables)

12 Months Ended

Dec. 31, 2017

Investment in associates and joint ventures

	Associates $m			Joint ventures $m			Total $m
Cost
At 1 January 2016		121			27			148
Additions		14			—			14
Share of (losses)/profits		(3	)		1			(2	)
Capital return		—			(2	)		(2	)
Transfer of financial assets		(14	)		—			(14	)
Dividends		(5	)		—			(5	)
At 31 December 2016		113			26			139
Additions		47			—			47
Share of profits/(losses)		2			1			3
Disposals		(9	)		—			(9	)
Dividends		(4	)		—			(4	)
Exchange and other adjustments		2			—			2
At 31 December 2017		151			27			178
Impairment
At 1 January 2016		(12	)		—			(12	)
Charge for the year		(16	)		—			(16	)
At 31 December 2016		(28	)		—			(28	)
Charge for the year		(18	)		—			(18	)
Disposals		9			—			9
At 31 December 2017		(37	)		—			(37	)
Net book value
At 31 December 2017		114			27			141
At 31 December 2016		85			26			111
At 1 January 2016		109			27			136

Summarised Aggregated Financial Information for Individually Immaterial Associates and Joint Ventures

The summarised aggregated financial information for individually immaterial associates and joint ventures is set out below. These are mainly investments in entities that own hotels which the Group manages.

	Associates						Joint ventures							Total
	2017 $m		2016 $m		2015 $m		2017 $m		2016 $m		2015 $m			2017 $m		2016 $m		2015 $m
Share of profits/(losses)
Operating profits/(losses) before exceptional items		6		5		3		1		1		(1	)		7		6		2

Barclay associate [member]

Summary of Financial Information of Material Associate Investment

Summarised financial information in respect of the Barclay associate is set out below:

	31 December 2017 $m			31 December 2016 $m
Non-current assets		540			552
Current assets		41			19
Current liabilities		(19	)		(283	)
Non-current liabilities		(287	)		(39	)
Net assets		275			249
Group share of reported net assets at 19.9%		55			50
Adjustments to reflect capitalised costs, and additional rights and obligations under the shareholder agreement		10			(7	)
Carrying amount		65			43
	12 months to 31 December 2017 $m			12 months to 31 December 2016 $m
Revenue		90			45
Loss for the period		(16	)		(34	)
Group’s share of loss for the period		(4	)		(8	)