XML 350 R76.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Condensed parent company financial information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Condensed Parent Company Statement of Profit/(Loss) and Other Comprehensive Income | Condensed statement of profit/(loss) and other comprehensive income of the Parent Company
For the year ended 31 December 2024 |  |  |  | 2024 $m |  |  |  |  | 2023 $m |  |  | 2022 $m |
Administrative expenses |  |  |  |  | (2 | ) |  |  |  |  | (2 | ) |  |  | (2 | )
Operating loss |  |  |  |  | (2 | ) |  |  |  |  | (2 | ) |  |  | (2 | )
Dividend income from subsidiary undertaking |  |  |  |  | 762 |  |  |  |  |  | 1,877 |  |  |  | 858 |
Financial income |  |  |  |  | 30 |  |  |  |  |  | 30 |  |  |  | 4 |
Financial expenses |  |  |  |  | (81 | ) |  |  |  |  | (77 | ) |  |  | (85 | )
Profit before tax |  |  |  |  | 709 |  |  |  |  |  | 1,828 |  |  |  | 775 |
Tax |  |  |  |  | 16 |  |  |  |  |  | 16 |  |  |  | 21 |
Profit for the year |  |  |  |  | 725 |  |  |  |  |  | 1,844 |  |  |  | 796 |
Other comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Items that may be subsequently reclassified to profit or loss: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Losses)/gains on cash flow hedges, including related tax charge of $2m (2023: $1m charge; 2022: $2m credit) |  |  |  |  | (51 | ) |  |  |  |  | (36 | ) |  |  | 36 |
Costs of hedging |  |  |  |  | 1 |  |  |  |  |  | 2 |  |  |  | 3 |
Hedging losses/(gains) reclassified to financial expenses |  |  |  |  | 57 |  |  |  |  |  | 35 |  |  |  | (43 | )
Exchange (losses)/gains on translation |  |  |  |  | (38 | ) |  |  |  |  | 119 |  |  |  | (110 | )
Total other comprehensive (loss)/income for the year |  |  |  |  | (31 | ) |  |  |  |  | 120 |  |  |  | (114 | )
Total comprehensive income for the year |  |  |  |  | 694 |  |  |  |  |  | 1,964 |  |  |  | 682 |
Total comprehensive income for the year is entirely attributable to the equity holders of the Parent Company.
Condensed Parent Company Statement of Financial Position | Condensed statement of financial position of the Parent Company
31 December 2024 |  |  |  | 2024 $m |  |  |  |  | 2023 $m |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Investments in subsidiary undertakings |  |  |  |  | 4,077 |  |  |  |  |  | 4,113 |
Derivative financial instruments |  |  |  |  | – |  |  |  |  |  | 1 |
Deferred tax assets |  |  |  |  | 53 |  |  |  |  |  | 55 |
Total non-current assets |  |  |  |  | 4,130 |  |  |  |  |  | 4,169 |
Amounts due from related parties |  |  |  |  | 193 |  |  |  |  |  | 1,107 |
Other receivables |  |  |  |  | 16 |  |  |  |  |  | 9 |
Total current assets |  |  |  |  | 209 |  |  |  |  |  | 1,116 |
Total assets |  |  |  |  | 4,339 |  |  |  |  |  | 5,285 |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |
Loans and other borrowings |  |  |  |  | (381 | ) |  |  |  |  | (555 | )
Amounts due to related parties |  |  |  |  | (1 | ) |  |  |  |  | – |
Derivative financial instruments |  |  |  |  | – |  |  |  |  |  | (26 | )
Total current liabilities |  |  |  |  | (382 | ) |  |  |  |  | (581 | )
Loans and other borrowings |  |  |  |  | (1,469 | ) |  |  |  |  | (1,904 | )
Non-current payables |  |  |  |  | (2 | ) |  |  |  |  | – |
Derivative financial instruments |  |  |  |  | (14 | ) |  |  |  |  | – |
Total non-current liabilities |  |  |  |  | (1,485 | ) |  |  |  |  | (1,904 | )
Total liabilities |  |  |  |  | (1,867 | ) |  |  |  |  | (2,485 | )
Net assets |  |  |  |  | 2,472 |  |  |  |  |  | 2,800 |
EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 43 |  |  |  |  |  | 46 |
Share premium account |  |  |  |  | 94 |  |  |  |  |  | 95 |
Currency translation reserve |  |  |  |  | (250 | ) |  |  |  |  | (212 | )
Other reserves |  |  |  |  | 759 |  |  |  |  |  | 707 |
Retained earnings |  |  |  |  | 1,826 |  |  |  |  |  | 2,164 |
Total equity |  |  |  |  | 2,472 |  |  |  |  |  | 2,800 |
Condensed Parent Company Statement of Cash Flows | Condensed statement of cash flows of the Parent Company
For the year ended 31 December 2024 |  |  |  | 2024 $m |  |  |  |  | 2023 $m |  |  |  |  |  | 2022 $m |
Profit for the year |  |  |  |  | 725 |  |  |  |  |  | 1,844 |  |  |  |  |  |  |  | 796 |
Adjustments for: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Administrative expenses funded by subsidiaries |  |  |  |  | 2 |  |  |  |  |  | 2 |  |  |  |  |  |  |  | 2 |
Net financial expenses |  |  |  |  | 51 |  |  |  |  |  | 47 |  |  |  |  |  |  |  | 81 |
Dividend income from subsidiary undertaking |  |  |  |  | (762 | ) |  |  |  |  | (1,877 | ) |  |  |  |  |  |  | (858 | )
Income tax credit |  |  |  |  | (16 | ) |  |  |  |  | (16 | ) |  |  |  |  |  |  | (21 | )
Total adjustments |  |  |  |  | (725 | ) |  |  |  |  | (1,844 | ) |  |  |  |  |  |  | (796 | )
Changes in amounts due from related parties: operating activities |  |  |  |  | 7 |  |  |  |  |  | 9 |  |  |  |  |  |  |  | 10 |
Cash flow from operations |  |  |  |  | 7 |  |  |  |  |  | 9 |  |  |  |  |  |  |  | 10 |
Interest received |  |  |  |  | 30 |  |  |  |  |  | 29 |  |  |  |  |  |  |  | 4 |
Interest paid |  |  |  |  | (84 | ) |  |  |  |  | (74 | ) |  |  |  |  |  |  | (80 | )
Net cash from operating activities |  |  |  |  | (47 | ) |  |  |  |  | (36 | ) |  |  |  |  |  |  | (66 | )
Cash flow from investing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividend received from subsidiary undertaking |  |  |  |  | 762 |  |  |  |  |  | 1,877 |  |  |  |  |  |  |  | 858 |
Changes in amounts due from related parties: investing activities |  |  |  |  | 930 |  |  |  |  |  | (824 | ) |  |  |  |  |  |  | 132 |
Net cash from investing activities |  |  |  |  | 1,692 |  |  |  |  |  | 1,053 |  |  |  |  |  |  |  | 990 |
Cash flow from financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repurchase of shares, including taxes and transaction costs |  |  |  |  | (804 | ) |  |  |  |  | (790 | ) |  |  |  |  |  |  | (482 | )
Dividends paid to shareholders |  |  |  |  | (259 | ) |  |  |  |  | (245 | ) |  |  |  |  |  |  | (233 | )
Repayment of long-term bonds |  |  |  |  | (547 | ) |  |  |  |  | – |  |  |  |  |  |  |  | (209 | )
Settlement of currency swaps |  |  |  |  | (45 | ) |  |  |  |  | – |  |  |  |  |  |  |  | – |
Changes in amounts due from related parties: financing activities |  |  |  |  | 10 |  |  |  |  |  | 18 |  |  |  |  |  |  |  | – |
Net cash from financing activities |  |  |  |  | (1,645 | ) |  |  |  |  | (1,017 | ) |  |  |  |  |  |  | (924 | )
Net movement in cash and cash equivalents in the year |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  |  |  | – |
Cash and cash equivalents at beginning of the year |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  |  |  | – |
Exchange rate effects |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  |  |  | – |
Cash and cash equivalents at end of the year |  |  |  |  | – |  |  |  |  |  | – |  |  |  |  |  |  |  | – |
Schedule of Material Contingencies of the Parent Company | Contingencies of the Parent Company The following UK subsidiaries will take advantage of the audit exemption set out within Section 479A of the Companies Act 2006 for the year ended 31 December 2024:
Company name |  |  |  | Company number |
Asia Pacific Holdings Limited |  |  |  |  | 03941780 |
Hotel InterContinental London (Holdings) Limited |  |  |  |  | 06451128 |
IHC May Fair Hotel Limited |  |  |  |  | 02323039 |
IHC Overseas (U.K.) Limited |  |  |  |  | 02322038 |
IHG PS Nominees Limited |  |  |  |  | 07092523 |
InterContinental (PB) 1 |  |  |  |  | 06724223 |
InterContinental (PB) 3 Limited |  |  |  |  | 06947603 |
SC Leisure Group Limited |  |  |  |  | 00658907 |
Six Continents Holdings Limited |  |  |  |  | 03211009 |
Six Continents Hotels International Limited |  |  |  |  | 00722401 |
Six Continents Investments Limited |  |  |  |  | 00694156 |
Six Continents Overseas Holdings Limited |  |  |  |  | 02661055 |
Company Provided Guarantees in Respect of Certain Borrowings of Subsidiaries | As at 31 December 2024, 2023 and 2022 the Company had provided guarantees in respect of certain borrowings of subsidiaries, the carrying values of which are as follows:
Description |  | Maturity date |  |  |  |  | 2024 $m |  |  |  |  | 2023 $m |  |  |  |  | 2022 $m |
€ 600m 4.375% bonds 2029 |  |  | 28 November 2029 |  |  |  |  |  | 623 |  |  |  |  |  | 663 |  |  |  |  |  | – |
€ 750m 3.625% bonds 2031 |  |  | 27 September 2031 |  |  |  |  |  | 784 |  |  |  |  |  | – |  |  |  |  |  | – |
|  |  |  |  |  |  |  |  | 1,407 |  |  |  |  |  | 663 |  |  |  |  |  | – |
Company Provided Maturity Profile of Borrowings of the Parent Company and Borrowings of Subsidiaries Carrying Value | Maturity profile of borrowings of the Parent Company The public bonds issued by the parent company are all due within five years. The principal values to be repaid on maturity are shown below:
Description |  | Maturity date |  |  |  | 2025 $m |  |  | 2026 $m |  |  | 2027 $m |  |  | 2028 $m |
£300m 3.75% bonds 2025 |  | 14 August 2025 |  |  |  |  | 376 |  |  |  | – |  |  |  | – |  |  |  | – |
£350m 2.125% bonds 2026 |  | 24 August 2026 |  |  |  |  | – |  |  |  | 439 |  |  |  | – |  |  |  | – |
€ 500m 2.125% bonds 2027 |  | 15 May 2027 |  |  |  |  | – |  |  |  | – |  |  |  | 521 |  |  |  | – |
£400m 3.375% bonds 2028 |  | 8 October 2028 |  |  |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 502 |
|  |  |  |  |  |  | 376 |  |  |  | 439 |  |  |  | 521 |  |  |  | 502 |

X
- Definition Schedule of condensed income statement and other comprehensive income statement. + References No definition available. + Details
Name: | ihg_ScheduleOfCondensedIncomeStatementAndOtherComprehensiveIncomeStatementTableTextBlock
Namespace Prefix: | ihg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of description of guarantees given by parent company in respect of certain borrowings of subsidiaries. + References No definition available. + Details
Name: | ihg_ScheduleOfGuaranteesGivenByParentCompanyInRespectOfCertainBorrowingsOfSubsidiariesTableTextBlock
Namespace Prefix: | ihg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of description of material contingencies of the parent company. + References No definition available. + Details
Name: | ihg_ScheduleOfMaterialContingenciesOfTheParentCompanyTableTextBlock
Namespace Prefix: | ihg_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Subparagraph (a) -Publisher SEC + Details
Name: | srt_ContractualObligationFiscalYearMaturityScheduleTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration