XML 376 R20.htm IDEA: XBRL DOCUMENT
v3.20.4

(Loss)/earnings per ordinary share | 12 Months Ended
--- | ---
Dec. 31, 2020
Text block [abstract] |
(Loss)/earnings per ordinary share | 10. (Loss)/earnings per ordinary share Basic (loss)/earnings per ordinary share is calculated by dividing the profit or loss for the year available for IHG equity holders by the weighted average number of ordinary shares, excluding investment in own shares, in issue during the year. Diluted (loss)/earnings per ordinary share is calculated by adjusting basic (loss)/earnings per ordinary share to reflect the notional exercise of the weighted average number of dilutive ordinary share awards outstanding during the year. Adjusted earnings per ordinary share is disclosed in order to show performance undistorted by exceptional items and changes in the fair value of contingent purchase consideration, to give a more meaningful comparison of the Group’s performance. Additionally, earnings attributable to the System Fund are excluded from the calculation of adjusted earnings per ordinary share, as IHG has an agreement with the IHG Owners Association to spend Fund income for the benefit of hotels in the IHG System such that the Group does not make a gain or loss from operating the Fund over the longer term. IHG also records an interest charge on the outstanding cash balance relating to the IHG Rewards programme. These interest payments are recognised as interest income for the Fund and interest expense for IHG. The Fund also benefits from the capitalisation of interest related to the development of the next-generation Guest Reservation System. As the Fund is included in the Group income statement, these amounts are included in reported Group net financial expenses. Given that all results related to the Fund are excluded from the calculation of adjusted earnings per ordinary share, these interest amounts are deducted from profit or loss available for equity holders.
Continuing and total operations |  | 2020 |  |  | 2019 |  |  | 2018 |
Basic (loss)/earnings per ordinary share |  |  |  |  |  |  |  |  |  |  |  |
(Loss)/profit available for equity holders ($m) |  |  | (260 | ) |  |  | 385 |  |  |  | 349 |
Basic weighted average number of ordinary shares (millions) |  |  | 182 |  |  |  | 183 |  |  |  | 190 |
Basic (loss)/earnings per ordinary share (cents) |  |  | (142.9 | ) |  |  | 210.4 |  |  |  | 183.7 |
Diluted (loss)/earnings per ordinary share |  |  |  |  |  |  |  |  |  |  |  |
(Loss)/profit available for equity holders ($m) |  |  | (260 | ) |  |  | 385 |  |  |  | 349 |
Diluted weighted average number of ordinary shares (millions) |  |  | 182 |  |  |  | 184 |  |  |  | 192 |
Diluted (loss)/earnings per ordinary share (cents) |  |  | (142.9 | ) |  |  | 209.2 |  |  |  | 181.8 |
Adjusted earnings per ordinary share |  |  |  |  |  |  |  |  |  |  |  |
(Loss)/profit available for equity holders ($m) |  |  | (260 | ) |  |  | 385 |  |  |  | 349 |
Adjusting items: |  |  |  |  |  |  |  |  |  |  |  |
System Fund revenues and expenses ($m) |  |  | 102 |  |  |  | 49 |  |  |  | 146 |
Interest attributable to the System Fund ($m) |  |  | (4 | ) |  |  | (18 | ) |  |  | (19 | )
Operating exceptional items ($m) (note 6) |  |  | 270 |  |  |  | 186 |  |  |  | 104 |
Exceptional financial expenses ($m) (note 6) |  |  | 14 |  |  |  | — |  |  |  | — |
Change in fair value of contingent purchase consideration ($m) (note 25) |  |  | (13 | ) |  |  | (27 | ) |  |  | 4 |
Tax on exceptional items ($m) (note 6) |  |  | (52 | ) |  |  | (20 | ) |  |  | (22 | )
Exceptional tax ($m) (note 6) |  |  | — |  |  |  | — |  |  |  | (5 | )
Adjusted earnings ($m) |  |  | 57 |  |  |  | 555 |  |  |  | 557 |
Basic weighted average number of ordinary shares (millions) |  |  | 182 |  |  |  | 183 |  |  |  | 190 |
Adjusted earnings per ordinary share (cents) |  |  | 31.3 |  |  |  | 303.3 |  |  |  | 293.2 |
Adjusted diluted earnings per ordinary share |  |  |  |  |  |  |  |  |  |  |  |
Adjusted earnings ($m) |  |  | 57 |  |  |  | 555 |  |  |  | 557 |
Diluted weighted average number of ordinary shares (millions) |  |  | 182 |  |  |  | 184 |  |  |  | 192 |
Adjusted diluted earnings per ordinary share (cents) |  |  | 31.3 |  |  |  | 301.6 |  |  |  | 290.1 |
|  | 2020 millions |  |  | 2019 millions |  |  | 2018 millions |
Diluted weighted average number of ordinary shares is calculated as: |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted average number of ordinary shares |  |  | 182 |  |  |  | 183 |  |  |  | 190 |
Dilutive potential ordinary shares |  |  | — |  |  |  | 1 |  |  |  | 2 |
|  | 182 |  |  | 184 |  |  | 192 |
The effect of the notional exercise of outstanding ordinary share awards is anti-dilutive in 2020, and therefore has not been included in the diluted earnings per share calculation. Information concerning Non-GAAP measures can be found in the Strategic Report on pages 47 to 51.

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 33 -IssueDate 2020-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=33&code=ifrs-tx-2020-en-r&doctype=Standard&dita_xref=IAS33_g70-73A_TI -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfEarningsPerShareExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Text block [abstract] + References No definition available. + Details
Name: | ihg_TextBlockAbstract
Namespace Prefix: | ihg_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration