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Finance costs
 12 Months Ended
Dec. 31, 2019
Text block [abstract]  
Finance costs
7. Finance costs
 
   
2019

$m
   2018
Restated
$m		   2017
Restated
$m		 
Financial income
               
   
 
 
   
 
 
   
 
 
 
Financial income on deposits and money market funds
  
 
3
 
   2    1 
   
 
 
   
 
 
   
 
 
 
Interest income on loans and other assets
  
 
3
 
   3    3 
   
 
 
   
 
 
   
 
 
 
   
 
6
 
   5    4 
   
 
 
   
 
 
   
 
 
 
Financial expenses
               
   
 
 
   
 
 
   
 
 
 
Interest expense on bonds and syndicated facility
  
 
78
 
   
61
    
58
 
   
 
 
   
 
 
   
 
 
 
Interest expense on lease liabilities
  
 
41
 
   39    39 
   
 
 
   
 
 
   
 
 
 
Capitalised interest
  
 
(5
)
 
   (5)    (6) 
Unwind of discount on deferred purchase consideration
a
  
 
1
 
   
1
    —   
   
 
 
   
 
 
   
 
 
 
Other charges
b
  
 
6
 
   5    4 
   
 
 
   
 
 
   
 
 
 
   
 
121
 
   101    95 
   
 
 
   
 
 
   
 
 
 
 
a
Fair value gains/(losses) on contingent purchase consideration have been disclosed on the face of the Group income statement. The 2018 comparatives have been restated accordingly.
b
Other charges comprise bank charges and non-bank interest expense.    
During the year, $13m (2018: $14m, 2017: $7m) was payable to the IHG Rewards Club loyalty programme relating to interest on the accumulated balance of cash received in advance of the consumption of points awarded. The expense and corresponding System Fund interest income are eliminated within financial expenses.
C
apitalised
interest
relates
to the System Fund. The rate used for capitalisation of interest was 3.1% (2018: 3.0%, 2017: 3.0%).
The deferred purchase consideration relates to the Regent acquisition (see note 25).