Significant accounting policies (Tables) - IFRS 16 [member]

12 Months Ended

Dec. 31, 2019

Statement [Line Items]

Impact of IFRS 16 on Financial Statements

Impact of IFRS 16 on the Group income statement

	Year ended 31 December 2018									Year ended 31 December 2017
	As previously			IFRS 16			As			As previously			IFRS 16			As
	reported			adoption			restated			reported			adoption			restated
	$m			$m			$m			$m			$m			$m
Revenue from fee business		1,486			—			1,486			1,379			—			1,379
Revenue from owned, leased and managed lease hotels		447			—			447			351			—			351
System Fund revenues		1,233			—			1,233			1,242			—			1,242
Reimbursement of costs		1,171			—			1,171			1,103			—			1,103
Total revenue		4,337			—			4,337			4,075			—			4,075
Cost of sales		(706	)		18			(688	)		(571	)		17			(554	)
System Fund expenses		(1,379	)		—			(1,379	)		(1,276	)		—			(1,276	)
Reimbursed costs		(1,171	)		—			(1,171	)		(1,103	)		—			(1,103	)
Administrative expenses		(448	)		33			(415	)		(388	)		33			(355	)
Share of (losses)/gains of associates and joint ventures		(1	)		—			(1	)		3			—			3
Other operating income		14			—			14			84			—			84
Depreciation and amortisation		(80	)		(35	)		(115	)		(78	)		(34	)		(112	)
Impairment charge		—			—			—			(18	)		—			(18	)
Operating profit		566			16			582			728			16			744
Financial income		5			—			5			4			—			4
Financial expenses		(82	)		(19	)		(101	)		(76	)		(19	)		(95	)
Fair value losses on contingent purchase consideration		(4	)		—			(4	)		—			—			—
Profit before tax		485			(3	)		482			656			(3	)		653
Tax		(133	)		1			(132	)		(115	)		(3	)		(118	)
Profit for the year from continuing operations		352			(2	)		350			541			(6	)		535
Impact of IFRS 16 on the Group statement of comprehensive income

	Year ended 31 December 2018									Year ended 31 December 2017
	As previously reported $m			IFRS 16 adoption $m			As restated $m			As previously reported $m			IFRS 16 adoption $m			As restated $m
Profit for the year		352			(2	)		350			541			(6	)		535
Exchange gains/(losses) on retranslation of foreign operations, including related tax credit of $2m (2017: net of related tax credit of $1m)		43			1			44			(88	)		(2	)		(90	)
Other items		(10	)		—			(10	)		(47	)		—			(47	)
Total comprehensive income for the year		385			(1	)		384			406			(8	)		398

Impact of IFRS 16 on the Group statement of financial position

	31 December 2018									31 December 2017
	As previously reported $m			IFRS 16 adoption $m			As restated $m			As previously reported $m			IFRS 16 adoption $m			As restated $m
Property, plant and equipment		447			(174	)		273			425			(175	)		250
Right-of-use assets		—			513			513			—			486			486
Deferred tax assets		60			3			63			75			3			78
Other non-current assets		1,870			—			1,870			1,647			—			1,647
Total non-current assets		2,377			342			2,719			2,147			314			2,461
Trade and other receivables		613			(3	)		610			551			(2	)		549
Other current assets		763			—			763			312			—			312
Total current assets		1,376			(3	)		1,373			863			(2	)		861
Total assets		3,753			339			4,092			3,010			312			3,322
Loans and other borrowings		(120	)		16			(104	)		(126	)		16			(110	)
Lease liabilities		—			(55	)		(55	)		—			(44	)		(44	)
Trade and other payables		(618	)		2			(616	)		(597	)		2			(595	)
Other current liabilities		(632	)		—			(632	)		(557	)		—			(557	)
Total current liabilities		(1,370	)		(37	)		(1,407	)		(1,280	)		(26	)		(1,306	)
Loans and other borrowings		(2,129	)		219			(1,910	)		(1,893	)		215			(1,678	)
Lease liabilities		—			(615	)		(615	)		—			(589	)		(589	)
Trade and other payables		(158	)		33			(125	)		(36	)		29			(7	)
Deferred tax liabilities		(131	)		7			(124	)		(101	)		6			(95	)
Other non-current liabilities		(1,042	)		—			(1,042	)		(1,001	)		—			(1,001	)
Total non-current liabilities		(3,460	)		(356	)		(3,816	)		(3,031	)		(339	)		(3,370	)
Total liabilities		(4,830	)		(393	)		(5,223	)		(4,311	)		(365	)		(4,676	)
Net liabilities		(1,077	)		(54	)		(1,131	)		(1,301	)		(53	)		(1,354	)
Currency translation reserve		419			1			420			377			—			377
Retained earnings		1,166			(55	)		1,111			951			(53	)		898
Other equity		(2,670	)		—			(2,670	)		(2,636	)		—			(2,636	)
IHG shareholders’ equity		(1,085	)		(54	)		(1,139	)		(1,308	)		(53	)		(1,361	)
Non-controlling interest		8			—			8			7			—			7
Total equity		(1,077	)		(54	)		(1,131	)		(1,301	)		(53	)		(1,354	)

Impact of IFRS 16 on Basic and Diluted Earnings per Ordinary Share

Impact of IFRS 16 on basic and diluted earnings per ordinary share

	Year ended 31 December 2018							Year ended 31 December 2017
	As previously reported cents		IFRS 16 adoption cents			As restated cents		As previously reported cents		IFRS 16 adoption cents			As restated cents
Basic earnings per ordinary share		184.7		(1.0	)		183.7		279.8		(3.1	)		276.7
Diluted earnings per ordinary share		182.8		(1.0	)		181.8		278.4		(3.1	)		275.3