Summarised Group statement of financial position

31 December 2011
2011
$m
2010
$m
ASSETS    
Property, plant and equipment 1,362 1,690
Goodwill and intangible assets 400 358
Investment in associates and joint ventures 87 43
Retirement benefit assets 21 5
Other financial assets 156 135
Non-current tax assets 147 79
Total non-current assets 2,173 2,310
Inventories 4 4
Trade and other receivables 369 371
Current tax receivable 20 13
Derivative financial instruments 3
Cash and cash equivalents 182 78
Total current assets 578 466
Non-current assets classified as held for sale 217
Total assets 2,968 2,776

LIABILITIES
   
Loans and other borrowings (21) (18)
Derivative financial instruments (6)
Trade and other payables (707) (722)
Provisions (12) (8)
Current tax payable (120) (167)
Total current liabilities (860) (921)
Loans and other borrowings (670) (776)
Derivative financial instruments (39) (38)
Retirement benefit obligations (188) (200)
Trade and other payables (497) (464)
Provisions (2) (2)
Deferred tax liabilities (97) (84)
Total non-current liabilities (1,493) (1,564)
Liabilities classified as held for sale (60)
Total liabilities (2,413) (2,485)
Net assets 555 291

IHG shareholders’ equity
547 284
Non-controlling interest 8 7
Total equity 555 291