Mandarin Oriental International Limited - Mandarin Oriental Hotel ...

64
NOTES TO THE FINANCIAL STATEMENTS CONTINUED
23 Non-current asset classified as held for sale
An analysis of the non-current asset held for sale is as follows:
MANDARIN ORIENTAL INTERNATIONAL LIMITED
2005 2004
US$m US$m
Intangible assets (refer note 8) 5.2 –
Tangible assets (refer note 9) 67.2 –
Deferred tax assets (refer note 13) 1.3 –
Current assets 6.6 –
Total assets 80.3 –
Long-term borrowings (11.0) –
Current liabilities (3.0) –
Total liabilities (14.0) –
The Group’s 100% leasehold interest in The Mark, New York was classified as held for sale in 2005.At
31st December 2005, total assets and total liabilities amounted to US$80.3 million and US$14.0 million
respectively.The sale was completed on 16th February 2006 for a consideration of US$150.0 million (refer
note 32).
24 Minority interests
At 1st January
Restated
2005 2004
US$m US$m
– as previously reported 10.1 13.1
– prior period adjustments (refer note 22) (1.9) (1.9)
– as restated 8.2 11.2
Net exchange translation differences (0.9) (0.2)
Capital contribution – 2.2
Purchase of minority interest (0.8) (0.2)
Fair value gain on financial instruments 0.2 –
Attributable losses (3.0) (4.8)
At 31st December 3.7 8.2
25 Dividends
No interim dividend was paid in respect of 2005.A final dividend of US¢1.50 per share has been proposed in
respect of 2005.A final dividend of US¢1.00 per share was paid in respect of 2004.