XML 77 R70.htm IDEA: XBRL DOCUMENT

System Fund (Tables)

12 Months Ended

Dec. 31, 2017

Text block1 [abstract]

Summary of System Fund

The following information is relevant to the operation of the Fund:


		2017 $m				2016 $m				2015 $m
Income^a:
Assessment fees and contributions received from hotels			1,562				1,439				1,351
Proceeds from sale of IHG Rewards Club points			324				283				222
Key elements of expenditure^a:
Marketing			321				335				308
IHG Rewards Club			452				360				345
Payroll costs			339				311				295
Net (deficit)/surplus for the year^a			(69	)			41				118
Interest payable to the Fund			7				3				2

^a	Not included in the Group income statement in accordance with the Group’s accounting policies.

Summary of Liabilities Relating to Fund

The following liabilities relating to the Fund are included in the Group statement of financial position:


		2017 $m				2016 $m				2015 $m
System Fund surplus^a			158				227				186
Loyalty programme liability^b			760				685				649
			918				912				835

^a	The System Fund surplus is included in Trade and other payables.

^b	Comprising current liabilities of $343m and non-current liabilities of $417m.