XML 331 R58.htm IDEA: XBRL DOCUMENT v3.22.0.1
Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Presentation of leases for lessee [abstract]  
Disclosure of quantitative information about right-of-use assets
Right-of-use
assets
 
         
          Property
$m
    
            Other
$m
    
             Total
$m
  
Cost
       
 
 
 
  
 
 
 
  
 
 
 
At 1 January 2020
       
 
822
 
  
 
5
 
  
 
827
 
Additions and other
re-measurements
       
 
12
 
  
 
1
 
  
 
13
 
Derecognition
       
 
(93
) 
  
 
–
 
  
 
(93
) 
Terminations
       
 
(125
) 
  
 
(2
) 
  
 
(127
) 
Exchange and other adjustments
       
 
1
 
  
 
–
 
  
 
1
 
At 31 December 2020
       
 
617
 
  
 
4
 
  
 
621
 
Additions and other
re-measurements
       
 
4
 
  
 
–
 
  
 
4
 
Terminations
       
 
(6
) 
  
 
(1
) 
  
 
(7
) 
Disposals
       
 
(3
) 
  
 
–
 
  
 
(3
) 
Exchange and other adjustments
       
 
(5
) 
  
 
–
 
  
 
(5
) 
At 31 December 2021
       
 
607
 
  
 
3
 
  
 
610
 
Depreciation and impairment
       
 
 
 
  
 
 
 
  
 
 
 
At 1 January 2020
       
 
(335
) 
  
 
(2
) 
  
 
(337
) 
Provided
       
 
(34
) 
  
 
(1
) 
  
 
(35
) 
System Fund expense
       
 
(4
) 
  
 
–
 
  
 
(4
) 
Impairment charge
       
 
(16
) 
  
 
–
 
  
 
(16
) 
System Fund impairment charge
       
 
(32
) 
  
 
–
 
  
 
(32
) 
Derecognition
       
 
44
 
  
 
–
 
  
 
44
 
Terminations
       
 
64
 
  
 
1
 
  
 
65
 
Exchange and other adjustments
       
 
(3
) 
  
 
–
 
  
 
(3
) 
At 31 December 2020
       
 
(316
) 
  
 
(2
) 
  
 
(318
) 
Provided
       
 
(26
) 
  
 
(1
) 
  
 
(27
) 
System Fund expense
       
 
(3
) 
  
 
–
 
  
 
(3
) 
System Fund impairment reversal
       
 
3
 
  
 
–
 
  
 
3
 
Terminations
       
 
4
 
  
 
1
 
  
 
5
 
Disposals
       
 
1
 
  
 
–
 
  
 
1
 
Exchange and other adjustments
       
 
3
 
  
 
–
 
  
 
3
 
At 31 December 2021
       
 
(334
) 
  
 
(2
) 
  
 
(336
) 
         
Net book value
       
 
 
 
  
 
 
 
  
 
 
 
At 31 December 2021
       
 
273
 
  
 
1
 
  
 
274
 
At 31 December 2020
       
 
301
 
  
 
2
 
  
 
303
 
At 1 January 2020
       
 
487
 
  
 
3
 
  
 
490
 
Disclosure Of Lease Liabilities The majority of the Group’s lease liabilities are discounted at incremental borrowing rates of up to 11%. The rate implicit in the InterContinental Boston lease was 9.7% and was derived from a valuation of the hotel at lease inception in 2006.
         
                2021
$m
         
                2020
$m
  
Currency
       
 
 
 
       
 
 
 
US dollars
       
 
374
 
       
 
385
 
Sterling
       
 
6
 
       
 
10
 
Euros
       
 
5
 
       
 
7
 
Other
       
 
34
 
       
 
48
 
 
       
 
419
 
       
 
450
 
         
Analysed as:
       
 
 
 
       
 
 
 
Current
       
 
35
 
       
 
34
 
Non-current
       
 
384
 
       
 
416
 
 
       
 
419
 
       
 
450
 
Disclosure Of Lease Expenditure Recognised Explanatory
Amounts recognised in the Group income statement
 
         
            2021
$m
         
            2020
$m
         
                2019
$m
  
Depreciation of
right-of-use
assets
       
 
27
 
       
 
35
 
       
 
38
 
System Fund depreciation of
right-of-use
assets
       
 
3
 
       
 
4
 
       
 
5
 
Impairment charge
       
 
–
 
       
 
16
 
       
 
32
 
System Fund impairment (reversal)/charge
       
 
(3
) 
       
 
32
 
       
 
–
 
Derecognition of
right-of-use
assets and lease liabilities
       
 
–
 
       
 
(22
) 
       
 
–
 
Gain on lease termination
       
 
–
 
       
 
(30
) 
       
 
–
 
Expense relating to variable lease payments
       
 
31
 
       
 
7
 
       
 
58
 
Expense relating to short-term leases and
low-value
assets
       
 
1
 
       
 
2
 
       
 
3
 
Income from subleasing
right-of-use
assets
       
 
(1
) 
       
 
(1
) 
       
 
(2
) 
Recognised in operating profit/(loss)
       
 
58
 
       
 
43
 
       
 
134
 
Interest on lease liabilities
       
 
29
 
       
 
37
 
       
 
41
 
Total recognised in the Group income statement
       
 
87
 
       
 
80
 
       
 
175
 
Disclosure Of Detailed Information About Operating Sublease Payments Receivables Explanatory [Table Text Block]
 
Operating sublease payments receivable
       
  Less than
1 year
$m
     
Between
      1 and 2 years
$m
     
Between
     2 and 5 years
$m
     
                  Total
$m
  
31
 
D
ecember
2021
       
 
2
 
   
 
2
 
   
 
5
 
   
 
9