INTERCONTINENTAL HOTELS GROUP PLC /NEW/ | CIK:0000858446 | 3

  • Filed: 3/8/2018
  • Entity registrant name: INTERCONTINENTAL HOTELS GROUP PLC /NEW/ (CIK: 0000858446)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/858446/000119312518074190/0001193125-18-074190-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/858446/000119312518074190/ihg-20171231.xml
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  • ifrs-full:DisclosureOfBasisOfConsolidationExplanatory

    Basis of consolidation

    The Consolidated Financial Statements comprise the Financial Statements of the Parent Company and entities controlled by the Group. Control exists when the Group has:

     

        Power over an investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee);

     

        Exposure, or rights, to variable returns from its involvement with the investee; and

     

        The ability to use its power over the investee to affect its returns.

    All intra-group balances and transactions are eliminated on consolidation.

    The assets, liabilities and results of those businesses acquired or disposed of are consolidated for the period during which they were under the Group’s control.