SECURITIES AND EXCHANGE COMMISSION
Washington DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16
AND 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For 30 May, 2008
InterContinental Hotels Group PLC
(Registrant's name)
67 Alma Road, Windsor, Berkshire, SL4 3HD, England
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F Form 40-F
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable
EXHIBIT INDEX
Exhibit Number | Exhibit Description | ||||
99.1 |
US DOLLAR REPORTING dated 30 May 2008 |
||||
99.1
Investor Relations (Heather Wood; Catherine
Dolton):
|
+44 (0) 1753 410 176
|
Media Affairs (L
eslie McGibbon)
:
|
+44 (0) 1753 410 425
|
|
+44 (0) 7808 094 471
|
|
12
months ended 31
December
2007
|
12
months ended 31
December
2006
|
|||||
|
Before
exceptional
items
|
Exceptional
items
|
Total
|
Before
exceptional
items
|
Exceptional
items
|
Total
|
|
|
$
m
|
$
m
|
$
m
|
$
m
|
$
m
|
$
m
|
|
Continuing operations
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue
|
1,771
|
-
|
1,771
|
1,446
|
-
|
1,446
|
|
Cost of sales
|
(825)
|
-
|
(825)
|
(653)
|
-
|
(653)
|
|
Administrative expenses
|
(377)
|
(14)
|
(391)
|
(331)
|
-
|
(331)
|
|
Other operating income and expenses
|
16
|
76
|
92
|
7
|
48
|
55
|
|
|
____
|
____
|
____
|
____
|
____
|
____
|
|
|
585
|
62
|
647
|
469
|
48
|
517
|
|
Depreciation and amortisation
|
(111)
|
(2)
|
(113)
|
(102)
|
-
|
(102)
|
|
|
_____
|
_____
|
____
|
_____
|
_____
|
____
|
|
|
|
|
|
|
|
|
|
Operating profit
|
474
|
60
|
534
|
367
|
48
|
415
|
|
Financial income
|
18
|
-
|
18
|
48
|
-
|
48
|
|
Financial expenses
|
(108)
|
-
|
(108)
|
(68)
|
-
|
(68)
|
|
|
____
|
____
|
____
|
____
|
____
|
____
|
|
|
|
|
|
|
|
|
|
Profit before tax
|
384
|
60
|
444
|
347
|
48
|
395
|
|
|
|
|
|
|
|
|
|
Tax
|
(84)
|
60
|
(24)
|
(76)
|
173
|
97
|
|
|
____
|
____
|
____
|
____
|
____
|
____
|
|
|
|
|
|
|
|
|
|
Profit for the period from continuing operations
|
300
|
120
|
420
|
271
|
221
|
492
|
|
|
|
|
|
|
|
|
|
Profit for the period from discontinued operations
|
11
|
32
|
43
|
36
|
226
|
262
|
|
|
____
|
____
|
____
|
____
|
____
|
____
|
|
Profit for the period attributable to the equity holders of the
parent
|
311
|
152
|
463
|
307
|
447
|
754
|
|
|
====
|
====
|
====
|
====
|
====
|
====
|
|
Earnings per ordinary share
|
|
|
|
|
|
|
|
Continuing operations:
|
|
|
|
|
|
|
|
|
Basic
|
|
|
131.3
|
|
|
126.5
|
|
Diluted
|
|
|
127.7
|
|
|
123.3
|
|
Adjusted
|
93.8
|
|
|
69.7
|
|
|
Total operations:
|
|
|
|
|
|
|
|
|
Basic
|
|
|
144.7
|
|
|
193.8
|
|
Diluted
|
|
|
140.7
|
|
|
189.0
|
|
Adjusted
|
97.2
|
|
|
78.9
|
|
|
|
====
|
|
====
|
====
|
|
====
|
|
2007
12
months
ended 31
December
|
2006
12
months
ended 31
December
|
|
|
$m
|
$
m
|
|
|
|
|
|
Profit for the period
|
463
|
754
|
|
Adjustments for:
|
|
|
|
|
Net financial expenses
|
90
|
20
|
|
Income tax charge
/(credit)
|
30
|
(76)
|
|
Gain on disposal of assets, net of tax
|
(32)
|
(226)
|
|
Exceptional operating items before depreciation
|
(62)
|
(48)
|
|
Depreciation and amortisation
|
116
|
118
|
|
Equity settled share-based cost, net of payments
|
48
|
26
|
|
Other non-cash items
|
(4)
|
-
|
|
_____
|
_____
|
|
Operating cash flow before movements in working capital
|
649
|
568
|
|
Increase
in trade and other receivables
|
(30)
|
(57)
|
|
Increase in trade and other payables
|
52
|
18
|
|
Retirement benefit contributions, net of charge
|
(66)
|
-
|
|
|
_____
|
_____
|
|
Cash flow from operations
|
605
|
529
|
|
Interest paid
|
(84)
|
(61)
|
|
Interest received
|
18
|
44
|
|
Tax paid
on operating activities
|
(74)
|
(79)
|
|
|
_____
|
_____
|
|
Net cash from operating activities
|
465
|
433
|
|
|
_____
|
_____
|
|
Cash flow from investing activities
|
|
|
|
Purchases of proper
ty, plant and equipment
|
(114)
|
(160)
|
|
Purchase of intangible assets
|
(40)
|
(42)
|
|
Purchases of associates and
other financial assets
|
(32)
|
(15)
|
|
Acquisition of subsidiary, net of cash acquired
|
-
|
(11)
|
|
Disposal of assets, n
et of costs and cash disposed of
|
97
|
1,140
|
|
Proceeds from
associates and other financial assets
|
114
|
228
|
|
Tax paid on disposals
|
(64)
|
(11)
|
|
|
_____
|
_____
|
|
Net cash from investing activities
|
(39)
|
1,129
|
|
|
_____
|
_____
|
|
Cash flow from financing activities
|
|
|
|
Proceeds from the issue of share capital
|
32
|
37
|
|
Purchase of own shares
|
(162)
|
(478)
|
|
Purchase of own shares by employee share trusts
|
(138)
|
(86)
|
|
Proceeds on release of own shares by employee share trusts
|
21
|
35
|
|
Dividends paid to shareholders
|
(1,524)
|
(1,031)
|
|
Dividends paid to minority interests
|
-
|
(2)
|
|
Increase/(decrease) in borrowings
|
1,108
|
(316)
|
|
|
_____
|
_____
|
|
Net cash from financing activities
|
(663)
|
(1,841)
|
|
|
_____
|
_____
|
|
|
|
|
|
Net movement in cash and cash equivalents in the
year
|
(237)
|
(279)
|
|
Cash and cash equivalents at beginning of the
year
|
351
|
559
|
|
Exchange rate effects
|
(9)
|
71
|
|
|
_____
|
_____
|
|
Cash and cash equivalents at end of the
year
|
105
|
351
|
|
|
=====
|
=====
|
|
2007
31
December
|
2006
31 December
|
|
$
m
|
$
m
|
ASSETS
|
|
|
Property, plant and equipment
|
1,934
|
1,956
|
Goodwill
|
221
|
214
|
I
ntangible assets
|
335
|
302
|
Investment in associates
|
65
|
63
|
Retirement benefit assets
|
65
|
-
|
Other financial assets
|
188
|
188
|
|
_____
|
_____
|
Total non-current assets
|
2,808
|
2,723
|
|
_____
|
_____
|
Inventories
|
6
|
6
|
Trade and other receivables
|
472
|
465
|
Current tax receivable
|
109
|
45
|
Cash and cash equivalents
|
105
|
351
|
Other financial assets
|
18
|
25
|
|
_____
|
_____
|
Total current assets
|
710
|
892
|
|
|
|
Non-current assets classified as held for sale
|
115
|
98
|
|
______
|
______
|
Total assets
|
3,633
|
3,713
|
|
=====
|
=====
|
LIABILITIES
|
|
|
Loans and other borrowings
|
(16)
|
(20)
|
Trade and other payables
|
(784)
|
(788)
|
Current tax payable
|
(426)
|
(453)
|
|
_____
|
_____
|
Total current liabilities
|
(1,226)
|
(1,261)
|
|
_____
|
_____
|
Loans and other borrowings
|
(1,748)
|
(594)
|
Retirement benefit obligations
|
(111)
|
(139)
|
Trade and other payables
|
(279)
|
(214)
|
Deferred tax payable
|
(165)
|
(155)
|
|
_____
|
_____
|
Total non-current liabilities
|
(2,303)
|
(1,102)
|
|
|
|
Liabilities classified as held for sale
|
(6)
|
(4)
|
|
_____
|
_____
|
Total liabilities
|
(3,535)
|
(2,367)
|
|
=====
|
=====
|
Net assets
|
98
|
1,346
|
|
=====
|
=====
|
EQUITY
|
|
|
Equity share capital
|
163
|
129
|
Capital redemption reserve
|
10
|
8
|
Shares held by employee share trusts
|
(83)
|
(33)
|
Other reserves
|
(2,918)
|
(2,914)
|
Unrealised gains and losses reserve
|
38
|
53
|
Currency translation reserve
|
233
|
209
|
Retained earnings
|
2,649
|
3,878
|
|
______
|
______
|
IHG shareholders' equity
|
92
|
1,330
|
Minority equity interest
|
6
|
16
|
|
______
|
______
|
Total equity
|
98
|
1,346
|
|
=====
|
=====
|
1
.
|
Revenue
|
|
|
||
|
|
2007
12
months
ended 31
December
|
2006
12
months
ended 31
December
|
||
|
|
$
m
|
$
m
|
||
|
|
Continuing operations
|
|
|
|
|
|
Americas
(note 3
)
|
902
|
778
|
|
|
|
EMEA (note 4
)
|
492
|
363
|
|
|
|
Asia
Pacific (note 5
)
|
260
|
204
|
|
|
|
Central
|
117
|
101
|
|
|
|
|
____
|
____
|
|
|
|
1,771
|
1,446
|
||
|
|
|
|
||
|
|
Discontinued operations
|
79
|
319
|
|
|
|
____
|
____
|
||
|
|
1,850
|
1,765
|
||
|
|
====
|
====
|
||
|
|
|
|
||
|
|
|
|
2
.
|
Operating profit
|
||||
|
|
2007
12
months
ended 31
December
|
2006
12
months
ended 31
December
|
||
|
|
$
m
|
$
m
|
||
|
|
Continuing operations
|
|
|
|
|
|
Americas
(note 3
)
|
440
|
395
|
|
|
|
EMEA (note 4
)
|
134
|
69
|
|
|
|
Asia Pacific (note 5
)
|
63
|
52
|
|
|
|
Central
|
(163)
|
(149)
|
|
|
|
____
|
____
|
||
|
|
474
|
367
|
||
|
|
Exceptional operating items
|
60
|
48
|
|
|
|
____
|
___
|
||
|
|
534
|
415
|
||
|
|
Discontinued operations
|
17
|
57
|
|
|
|
____
|
___
|
||
|
|
551
|
472
|
||
|
|
====
|
===
|
3
.
|
Americas
|
|||
|
|
2007
12
months
ended 31
December
|
2006
12
months
ended 31
December
|
|
|
|
$m
|
$m
|
|
|
Revenue
|
|
|
|
|
|
Owned & leased
|
257
|
192
|
|
|
Managed
|
156
|
143
|
|
|
Franchised
|
489
|
443
|
|
|
____
|
____
|
|
|
Continuing operations
|
902
|
778
|
|
|
Discontinued operations - Owned & leased
|
62
|
74
|
|
|
|
____
|
____
|
|
|
Total
|
964
|
852
|
|
|
|
====
|
====
|
|
|
|
|
|
|
|
Operating profit
|
|
|
|
|
|
Owned & leased
|
40
|
22
|
|
|
Managed
|
41
|
50
|
|
|
Franchised
|
425
|
382
|
|
|
Regional overheads
|
(66)
|
(59)
|
|
|
____
|
____
|
|
|
Continuing operations
|
440
|
395
|
|
|
Discontinued operations - Owned & leased
|
16
|
12
|
|
|
|
____
|
____
|
|
|
Total
|
456
|
407
|
|
|
|
====
|
====
|
4.
|
EMEA
|
|||
|
|
2007
12
months
ended 31
December
|
2006
12
months
ended 31
December
|
|
|
|
$
m
|
$
m
|
|
|
Revenue
|
|
|
|
|
|
Owned & leased
|
244
|
169
|
|
|
Managed
|
167
|
131
|
|
|
Franchised
|
81
|
63
|
|
|
____
|
____
|
|
|
Continuing operations
|
492
|
363
|
|
|
Discontinued operations - Owned & leased
|
17
|
245
|
|
|
|
____
|
____
|
|
|
Total
|
509
|
608
|
|
|
|
====
|
====
|
|
|
Operating profit
|
|
|
|
|
|
Owned & leased
|
33
|
(7)
|
|
|
Managed
|
87
|
68
|
|
|
Franchised
|
58
|
44
|
|
|
Regional overheads
|
(44)
|
(36)
|
|
|
____
|
____
|
|
|
Continuing operations
|
134
|
69
|
|
|
Discontinued operations - Owned & leased
|
1
|
45
|
|
|
|
____
|
____
|
|
|
Total
|
135
|
114
|
|
|
|
====
|
====
|
5
.
|
Asia
Pacific
|
|||
|
|
2007
12
months
ended 31
December
|
2006
12
months
ended 31
December
|
|
|
|
$m
|
$m
|
|
|
Revenue
|
|
|
|
|
|
Owned & leased
|
145
|
131
|
|
|
Managed
|
99
|
65
|
|
|
Franchised
|
16
|
8
|
|
|
____
|
____
|
|
|
Total
|
260
|
204
|
|
|
|
====
|
====
|
|
|
Operating profit
|
|
|
|
|
|
Owned & leased
|
36
|
31
|
|
|
Managed
|
46
|
39
|
|
|
Franchised
|
6
|
5
|
|
|
Regional overheads
|
(25)
|
(23)
|
|
|
____
|
____
|
|
|
Total
|
63
|
52
|
|
|
|
====
|
====
|
|
|
|
|
|
|
|
All results relate to continuing operations.
|
|
|
6
.
|
Exchange rates
|
|
The results of overseas operations have been translated
into
US dollars
at the weighted average rates of exchange for the period.
In the case of
sterling
, the translation rate
is $1= £0.50
(
2006
$1 = £0.54
). In the case of the euro, the translation rate
is
$
1 = €
0.73
(
2006
$1 = €0.80
).
Foreign currency denominated assets and liabilities have been
translated into
US dollars
at the rates of exchange on the
balance sheet date
. In the case of
sterling, the translation rate is $1=£0.50
(
2006
$1 = £0.51)
. In the case of the euro, the
translation rate is $1 = €0.68
(
2006
$1 = €0.76
).
|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
InterContinental Hotels Group PLC | ||
(Registrant) | ||
By: | /s/ C. Cox | |
Name: | C. COX | |
Title: | COMPANY SECRETARIAL OFFICER | |
Date: | 30 May 2008 | |