Investment in associates and joint ventures (Tables)

12 Months Ended

Dec. 31, 2019

Statement [Line Items]

Investment in Associates and Joint Ventures

	Associates $m			Joint ventures $m			Total $m
Cost
At 1 January 2018		151			27			178
Additions		3			—			3
Share of (losses)/gains		(6	)		5			(1	)
Dividends and distributions		(5	)		(32	)		(37	)
Exchange		(3	)		—			(3	)
At 31 December 2018		140			—			140
Additions		14			—			14
Share of (losses)/gains		(3	)		—			(3	)
Dividends		(7	)		—			(7	)
Exchange		1			—			1
At 31 December 2019		145			—			145
Impairment
At 1 January 2018		(37	)		—			(37	)
Exchange		1			—			1
At 31 December 2018		(36	)		—			(36	)
Exchange		1			—			1
At 31 December 2019		(35	)		—			(35	)
Net book value
At 31 December 2019		110			—			110
At 31 December 2018		104			—			104
At 1 January 2018		114			27			141

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

2019 $m

2018 $m

2017 $m

2019 $m

2018 $m

2017 $m

2019 $m

2018 $m

2017 $m

Share of gains/(losses)

Operating profits before exceptional items

7

2

6

—

5

1

7

7

7

Barclay associate [member]

Statement [Line Items]

Summary of Financial Information of Material Associate Investment

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

	31 December 2019 $m			31 December 2018 $m
Non-current assets		515			529
Current assets		75			70
Current liabilities		(22	)		(17	)
Non-current liabilities		(323	)		(319	)
Net assets		245			263
Group share of reported net assets at 19.9%		49			52
Adjustments to reflect capitalised costs, and additional rights and obligations under the shareholder agreement		4			7
Carrying amount		53			59
	12 months to 31 December 2019 $m			12 months to 31 December 2018 $m
Revenue		108			103
Loss from continuing operations and total comprehensive loss for the period		(17	)		(13	)
Group’s share of loss for the period, including the cost of funding owner returns		(10	)		(8	)