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Annual report for Intercontinental Hotels Group plc for the year ended 31 December 2011 - Essay Example

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Annual report for Intercontinental Hotels Group plc for the year ended 31 December 2011

$ in mn Revenue and Profits 2011 2010 % Inc. Sales 1768 1628 8.60 Operating profit 559 444 25.90 Exceptional items 35 15 133.33 Total operating profit 594 459 29.41 Profit before exceptional items 497 382 30.10 Tax -120 -98 22.45 Profit from continuing operations 377 284 32.75 Exceptional items 83 7 1085.71 Net profit including exceptional items 460 291 58.08 Financial position Good will and other intangible assets 400 358 11.73 Other non-current assets 1990 1952 1.95 Total non-current assets 2390 2310 3.46 Current assets 578 466 24.03 Total assets 2968 2776 6.92 Total current liabilities 860 921 -6.62 Total non-current liabilities 1553 1564 -0.70 Total liabilities 2413 2485 -2.90 Shareholders’ funds 555 291 90.72 Total capital employed 2968 2776 6.92 No. of shares 289472651 Shares issued during the year 1075438 Total number of shares 290548089 289472651 Financial Ratios Earnings per share (EPS) Profit from continuing operations/ 1.30 0.98 Number of shares outstanding ROCE Net income/Capital employed 12.70% 10.23% Operating profit margin (Excl. exceptional items) Operating profit /Capital employed 31.62% 27.27% Operating profit margin (Incl. exceptional items) Total Operating profit /Capital employed 33.60% 28.19% Net profit margin after tax (Excl. exceptional items) Net profit after tax excl. excep. items/Capital employed 21.32% 17.44% Net profit margin after tax (Incl. excep. items) Net profit after tax incl. excep. items/Capital employed 26.02% 17.87% Asset turnover Total sales/Total assets 0.60 0.59 Current ratio Current assets/Current liabilities 0.67 0.51 Acid test ratio Quick assets/Current liabilities 0.64 0.49 Receivables collection period Debtors (Trade and other receivables) 369.00 371.00 Total debtors/Sales x 365 76.18 83.18 Payables payment period Creditors (Trade and other payables) 707.00 722.00 Total purchases or cost of sales 771.00 753.00 Creditors/Cost of sales x 365 334.70 349.97 Gearing Total debt/Total equity 4.35 8.54 Interest cover Interest charges (Interest) 64.00 64.00 Earnings before interest and tax (EBIT)/Interest 5.89 4.44 Price earnings ratio Share price as on 31 December ?11.57 ?12.43 Share price / EPS 8.92 12.67 Dividend cover Dividend paid to shareholders 148 121 Dividend paid/Net income 2.55 2.35 Revenue per available room Revenue per available room is up by 6.2% Revenue per room has been calculated by the company by dividing the total room revenue by the number of room nights available. Analysis of the financial performance and position InterContinental Hotels Group is a global hotel company, operating seven highly-respected brands internationally. Total number of rooms operating under IHG brands is 658,348 (4,480 hotels). IHG’s portfolio of brands includes Inter Continental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Hotel Indigo, The Holiday Inn, Staybridge Suites and Candlewood Suites. The performance of the management should be viewed in relation to the industry for the purpose of meaningful evaluation. The revenue per availab ...Show more

Summary

Annual report for Intercontinental Hotels Group plc for the year ended 31 December 2011 The paper discusses the financial performance and position of IHG plc for the year ended 31st December 2011. The data pertaining to the year 2010 are given for comparison.  Since ratio analysis is very important and frequently referred to in evaluation of the financial performance of a company, the paper starts with ratio analysis followed by analysis of the financial performance and position of the company…
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