XML 415 R59.htm IDEA: XBRL DOCUMENT v3.20.4
Investment in associates and joint ventures (Tables)
 12 Months Ended
Dec. 31, 2020
Statement [Line Items]  
Investment in Associates and Joint Ventures
   
2020
$m
   
2019
$m
 
Cost
    
  
 
 
   
 
 
 
At 1 January
  
 
145
 
   140 
  
 
 
   
 
 
 
Additions
  
 
17
 
   14 
  
 
 
   
 
 
 
Share of (losses)/gains
  
 
(14
) 
   (3) 
  
 
 
   
 
 
 
System Fund share of losses
  
 
(1
) 
   —   
  
 
 
   
 
 
 
Dividends and distributions
  
 
(7
) 
   (7) 
  
 
 
   
 
 
 
Exchange and other
  
 
(4
) 
   1 
  
 
 
   
 
 
 
At 31 December
  
 
136
 
   145 
  
 
 
   
 
 
 
Impairment
    
  
 
 
   
 
 
 
At 1 January
  
 
(35
) 
   (36) 
  
 
 
   
 
 
 
Charge for the year
a
  
 
(23
) 
   —   
  
 
 
   
 
 
 
Exchange and other
  
 
3
 
   1 
  
 
 
   
 
 
 
At 31 December
  
 
(55
) 
   (35) 
  
 
 
   
 
 
 
Net book value
  
 
81
 
   110 
  
 
 
   
 
 
 
 
a
 
In note 6 the $23m impairment charge is presented net of $4m gain on related put option.
Summary of Financial Information of Material Associate Investment
Summarised financial information in respect of the Barclay associate is set out below:
 
31 December
  
2020
$m
   2019
$m		 
Non-current
assets
  
 
497
 
   515 
  
 
 
   
 
 
 
Current assets
  
 
32
 
   75 
  
 
 
   
 
 
 
Current liabilities
  
 
(19
) 
   (22) 
  
 
 
   
 
 
 
Non-current
liabilities
  
 
(247
) 
   (323) 
  
 
 
   
 
 
 
Net assets
  
 
263
 
   245 
  
 
 
   
 
 
 
Group share of reported net assets at 19.9%
  
 
52
 
   49 
  
 
 
   
 
 
 
Adjustments to reflect impairment, capitalised costs, and additional rights and obligations under the shareholder agreement
  
 
(9
) 
   4 
  
 
 
   
 
 
 
Carrying amount
  
 
43
 
   53 
  
 
 
   
 
 
 
 
Year ended 31 December
  
2020
$m
   2019
$m		 
  
 
 
   
 
 
 
Revenue
  
 
16
 
   108 
  
 
 
   
 
 
 
Loss from continuing operations and total comprehensive loss for the year
  
 
(52
) 
   (17) 
  
 
 
   
 
 
 
Group’s share of loss for the year, including the cost of funding owner returns
  
 
(13
) 
   (10) 
  
 
 
   
 
 
 
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
 
   
2020
$m
  2019
$m		   2018
$m		   
2020
$m
   2019
$m		   2018
$m		   
2020
$m
  2019
$m		   2018
$m		 
Share of (losses)/gains
                
  
 
 
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
  
 
 
   
 
 
 
(Losses)/profits from continuing operations and total comprehensive (loss)/profit for the year
  
 
(3
) 
  7    2   
 
2
 
   —      5   
 
(1
) 
  7    7