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Other financial assets
 12 Months Ended
Dec. 31, 2024
Disclosure [Abstract]  
Other financial assets
15. Other financial assets
        
    2024
 

$m
 
 
 		      
    2023
$m
  
Equity securities    
97
      102  
Restricted funds:                    
Ring-fenced amounts to satisfy insurance claims:
                    
Cash
    
1
      2  
Money market funds
    
10
      14  
A
ccounts pledged as security
    
31
      32  
Other
    
1
      2  
     
43
      50  
Trade deposits and loans    
79
      40  
     
219
       192   
                     
Analysed as:                    
Current
    
7
      7  
Non-current
    
 212
      185  
     
219
      192  
 
 
 
Equity securities
The methodology to calculate fair value and the
sensitivities
to the relevant significant unobservable inputs are detailed in note 
24
. The most significant investments are as follows:
 
              
2024
                 
2023
  
       
  Fair value
    
  Dividend
income
          
  Fair value
    
  Dividend
income
  
        
$m
    
$m
          
$m
    
$m
  
Investment in entity which owns:
                                    
InterContinental The Willard Washington DC
    
27
 
1
   
27
 
1
InterContinental Grand Stanford Hong Kong
    
36
 
–
   
37
 
–
Restricted funds
Amounts ring-fenced to satisfy insurance claims are principally held in the Group’s Captive, which is a regulated entity.
The accounts pledged as security are subject to a charge in favour of the members of the UK unfunded pension arrangement (see note
26
)
. The accounts will be pledged as security until the date at which the UK unfunded pension liabilities have been fully discharged, unless otherwise agreed with the trustees, and amounts pledged may change in future years.
Expected credit losses
Other financial assets with a net value of $50m (2023: $68m) are subject to the expected credit loss model requirements of IFRS 9. Equity securities, money market funds and other amounts measured at fair value are excluded. The gross value of trade deposits and loans that were subject to the expected credit loss requirements is $51m with credit loss allowances of $3m (2023: $40m gross, $9m allowance). Other expected credit losses are considered to be immaterial.
Credit risk
Restricted funds are held with bank counterparties which are rated at least A+ based on S&P’s ratings. Trade deposits and loans are entered into with creditworthy third parties, subject to credit verification procedures. The maximum exposure to credit risk of other financial assets at the end of the reporting period is their carrying value of $219m (2023: $192m).