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Significant accounting policies (Tables) | 12 Months Ended
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Dec. 31, 2018
Other changes [member] |
Statement [LineItems] |
Adoption of new accounting standards and other presentational changes | Prior year comparatives have been restated to reflect these presentational changes and the impact on the Group income statement for the years ended 31 December 2017 and 31 December 2016 is as follows:
|  | Year ended 31 December 2017 |  |  | Year ended 31 December 2016 |
|  | Managed leases $m |  |  | InterContinental reservations $m |  |  | Total $m |  |  | Managed leases $m |  |  | InterContinental reservations $m |  |  | Total $m |
Revenue from fee business |  |  | (163 | ) |  |  | (25 | ) |  |  | (188 | ) |  |  | (162 | ) |  |  | (23 | ) |  |  | (185 | )
Revenue from owned, leased and managed lease hotels |  |  | 163 |  |  |  | — |  |  |  | 163 |  |  |  | 162 |  |  |  | — |  |  |  | 162 |
System Fund revenues |  |  | — |  |  |  | 25 |  |  |  | 25 |  |  |  | — |  |  |  | 23 |  |  |  | 23 |
Total revenue |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Cost of sales |  |  | — |  |  |  | 25 |  |  |  | 25 |  |  |  | — |  |  |  | 23 |  |  |  | 23 |
System Fund expenses |  |  | — |  |  |  | (25 | ) |  |  | (25 | ) |  |  | — |  |  |  | (23 | ) |  |  | (23 | )
Operating profit |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
New standards issued but not yet effective
IFRS 16 [member] |
Statement [LineItems] |
Adoption of new accounting standards and other presentational changes | If the results for the year ended 31 December 2018 had been reported under IFRS 16, the estimated impacts would have been as follows:
|  | $m |
Cost of sales |  |  | 18 |
Administrative expenses |  |  | 33 |
Depreciation and amortisation |  |  | (34 | )
Interest expense |  |  | (19 | )
Tax |  |  | 1 |
Total profit impact |  |  | (1) |
Leased assets |  |  | 323 |
Deferred tax assets |  |  | 3 |
Other assets |  |  | (2 | )
Lease liabilities |  |  | (431 | )
Deferred tax liabilities |  |  | 7 |
Other liabilities |  |  | 31 |
Net assets impact |  |  | (69 | )
IFRS 15 [member] |
Statement [LineItems] |
Impact of IFRS 15 on Financial Statements | Impact of IFRS 15 and other presentational changes on the Group income statement
|  | Year ended 31 December 2017 |
|  | As previously reported $m |  |  | IFRS 15 – Core IHG $m |  |  | IFRS 15 – System Fund $m |  |  | Other changes (page 114) $m |  |  | As restated $m |
Revenue from fee business |  |  | 1,600 |  |  |  | (33 | ) |  |  | — |  |  |  | (188 | ) |  |  | 1,379 |
Revenue from owned, leased and managed lease hotels |  |  | 184 |  |  |  | 4 |  |  |  | — |  |  |  | 163 |  |  |  | 351 |
System Fund revenues |  |  | — |  |  |  | — |  |  |  | 1,217 |  |  |  | 25 |  |  |  | 1,242 |
Reimbursement of costs |  |  | — |  |  |  | 1,103 |  |  |  | — |  |  |  | — |  |  |  | 1,103 |
Total revenue |  |  | 1,784 |  |  |  | 1,074 |  |  |  | 1,217 |  |  |  | — |  |  |  | 4,075 |
Cost of sales |  |  | (608 | ) |  |  | 12 |  |  |  | — |  |  |  | 25 |  |  |  | (571 | )
System Fund expenses |  |  | — |  |  |  | — |  |  |  | (1,251 | ) |  |  | (25 | ) |  |  | (1,276 | )
Reimbursed costs |  |  | — |  |  |  | (1,103 | ) |  |  | — |  |  |  | — |  |  |  | (1,103 | )
Administrative expenses |  |  | (328 | ) |  |  | (9 | ) |  |  | — |  |  |  | — |  |  |  | (337 | )
Share of gains/(losses) of associates and joint ventures |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3 |
Other operating income |  |  | 11 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 11 |
Depreciation and amortisation |  |  | (103 | ) |  |  | 25 |  |  |  | — |  |  |  | — |  |  |  | (78 | )
Operating profit before exceptional items |  |  | 759 |  |  |  | (1 | ) |  |  | (34 | ) |  |  | — |  |  |  | 724 |
Impairment charges |  |  | (18 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (18 | )
Other exceptional items |  |  | 22 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 22 |
Operating profit |  |  | 763 |  |  |  | (1 | ) |  |  | (34 | ) |  |  | — |  |  |  | 728 |
Financial income |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4 |
Financial expenses |  |  | (89 | ) |  |  | — |  |  |  | 13 |  |  |  | — |  |  |  | (76 | )
Tax |  |  | (85 | ) |  |  | (28 | ) |  |  | (2 | ) |  |  | — |  |  |  | (115 | )
Profit after tax |  |  | 593 |  |  |  | (29 | ) |  |  | (23 | ) |  |  | — |  |  |  | 541 |
Impact of IFRS 15 on the Group statement of comprehensive income
|  | Year ended 31 December 2017 |
|  | As previously reported $m |  |  | IFRS 15 adoption $m |  |  | As restated $m |
Profit for the year |  |  | 593 |  |  |  | (52 | ) |  |  | 541 |
Exchange losses on retranslation of foreign operations, net of related tax credit of $1m |  |  | (77 | ) |  |  | (11 | ) |  |  | (88 | )
Other items |  |  | (47 | ) |  |  | — |  |  |  | (47 | )
Total comprehensive income for the year |  |  | 469 |  |  |  | (63 | ) |  |  | 406 |
Impact of IFRS 15 on the Group statement of financial position
|  | 31 December 2017 |
|  | As previously reported $m |  |  | IFRS 15 adoption $m |  |  | As restated $m |
Goodwill and other intangible assets |  |  | 1,467 |  |  |  | (500 | ) |  |  | 967 |
Deferred tax assets |  |  | 56 |  |  |  | 19 |  |  |  | 75 |
Contract costs |  |  | — |  |  |  | 51 |  |  |  | 51 |
Contract assets |  |  | — |  |  |  | 241 |  |  |  | 241 |
Other non-current assets |  |  | 813 |  |  |  | — |  |  |  | 813 |
Total non-current assets |  |  | 2,336 |  |  |  | (189 | ) |  |  | 2,147 |
Contract costs |  |  | — |  |  |  | 7 |  |  |  | 7 |
Contract assets |  |  | — |  |  |  | 17 |  |  |  | 17 |
Other current assets |  |  | 839 |  |  |  | — |  |  |  | 839 |
Total current assets |  |  | 839 |  |  |  | 24 |  |  |  | 863 |
Total assets |  |  | 3,175 |  |  |  | (165 | ) |  |  | 3,010 |
Loyalty programme liability |  |  | (343 | ) |  |  | 343 |  |  |  | — |
Trade and other payables |  |  | (768 | ) |  |  | 171 |  |  |  | (597 | )
Deferred revenue |  |  | — |  |  |  | (490 | ) |  |  | (490 | )
Other current liabilities |  |  | (193 | ) |  |  | — |  |  |  | (193 | )
Total current liabilities |  |  | (1,304 | ) |  |  | 24 |  |  |  | (1,280 | )
Loyalty programme liability |  |  | (417 | ) |  |  | 417 |  |  |  | — |
Trade and other payables |  |  | (121 | ) |  |  | 85 |  |  |  | (36 | )
Deferred revenue |  |  | — |  |  |  | (867 | ) |  |  | (867 | )
Deferred tax liabilities |  |  | (157 | ) |  |  | 56 |  |  |  | (101 | )
Other non-current liabilities |  |  | (2,027 | ) |  |  | — |  |  |  | (2,027 | )
Total non-current liabilities |  |  | (2,722 | ) |  |  | (309 | ) |  |  | (3,031 | )
Total liabilities |  |  | (4,026 | ) |  |  | (285 | ) |  |  | (4,311 | )
Net liabilities |  |  | (851 | ) |  |  | (450 | ) |  |  | (1,301 | )
Equity share capital |  |  | 154 |  |  |  | — |  |  |  | 154 |
Capital redemption reserve |  |  | 10 |  |  |  | — |  |  |  | 10 |
Shares held by employee share trusts |  |  | (5 | ) |  |  | — |  |  |  | (5 | )
Other reserves |  |  | (2,874 | ) |  |  | — |  |  |  | (2,874 | )
Fair value reserve |  |  | 79 |  |  |  | — |  |  |  | 79 |
Currency translation reserve |  |  | 373 |  |  |  | 4 |  |  |  | 377 |
Retained earnings |  |  | 1,405 |  |  |  | (454 | ) |  |  | 951 |
IHG shareholders’ equity |  |  | (858 | ) |  |  | (450 | ) |  |  | (1,308 | )
Non-controlling interest |  |  | 7 |  |  |  | — |  |  |  | 7 |
Total equity |  |  | (851 | ) |  |  | (450 | ) |  |  | (1,301 | )
Impact of IFRS 15 on the Group statement of cash flows
|  | Year ended 31 December 2017 |
|  | As previously reported $m |  |  | IFRS 15 adoption $m |  |  | As restated $m |
Profit for the year |  |  | 593 |  |  |  | (52 | ) |  |  | 541 |
Adjustments reconciling profit for the year to cash flow from operations before contract acquisition costs |  |  | 263 |  |  |  | 45 |  |  |  | 308 |
Cash flow from operations before contract acquisition costs |  |  | 856 |  |  |  | (7 | ) |  |  | 849 |
Contract acquisition costs, net of repayments |  |  | — |  |  |  | (57 | ) |  |  | (57 | )
Cash flow from operations |  |  | 856 |  |  |  | (64 | ) |  |  | 792 |
Interest paid |  |  | (76 | ) |  |  | 7 |  |  |  | (69 | )
Interest received |  |  | 1 |  |  |  | — |  |  |  | 1 |
Tax paid on operating activities |  |  | (147 | ) |  |  | — |  |  |  | (147 | )
Net cash from operating activities |  |  | 634 |  |  |  | (57 | ) |  |  | 577 |
Purchase of intangible assets |  |  | (229 | ) |  |  | 57 |  |  |  | (172 | )
Other cash flows from investing activities |  |  | (34 | ) |  |  | — |  |  |  | (34 | )
Net cash from investing activities |  |  | (263 | ) |  |  | 57 |  |  |  | (206 | )
Net cash from financing activities |  |  | (446 | ) |  |  | — |  |  |  | (446 | )
Net movement in cash and cash equivalents in the year |  |  | (75 | ) |  |  | — |  |  |  | (75 | )
Cash and cash equivalents at beginning of the year |  |  | 117 |  |  |  | — |  |  |  | 117 |
Exchange rate effects |  |  | 16 |  |  |  | — |  |  |  | 16 |
Cash and cash equivalents at end of the year |  |  | 58 |  |  |  | — |  |  |  | 58 |
Impact of IFRS 15 on Basic and Diluted Earnings per Ordinary Share | Impact of IFRS 15 on basic and diluted earnings per ordinary share
|  | Year ended 31 December 2017 |
|  | As previously reported cents |  |  | IFRS 15 adoption cents |  |  | As restated cents |
Basic earnings per ordinary share |  |  | 306.7 |  |  |  | (26.9 | ) |  |  | 279.8 |
Diluted earnings per ordinary share |  |  | 305.2 |  |  |  | (26.8 | ) |  |  | 278.4 |

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