| |
| |
The
Group
2004
£m |
The
Company
2004
£m |
| Opening balances |
|
|
| Cost |
115 |
1 |
| Share of post acquisition retained surpluses less losses |
(7) |
– |
| Unrealised appreciation |
(85) |
– |
| |
23 |
1 |
| Additions |
25 |
25 |
| Repayment |
(25) |
– |
| Share of net surplus less losses |
(2) |
– |
| Unrealised appreciation |
10 |
(16) |
| Currency translation |
(4) |
– |
| 31 March 2004 |
27 |
10 |
| Represented by: |
|
|
| Cost |
111 |
26 |
| Share of post acquisition retained surpluses
less losses |
(9) |
– |
| Unrealised appreciation |
(75) |
(16) |
| |
27 |
10 |
| The additions to joint ventures were investment in the equity
of Atle Industri AB by the Company. The repayments were a repayment of loan
from Woodrose AB. |
| The gross assets of the joint ventures are debt securities
and other fixed income securities held as financial fixed assets. The gross
liabilities are other liabilities. |
| Details of the Group’s interest in its principal joint ventures,
which are unlisted and outside the UK, is given under Principal subsidiary undertakings and joint ventures. |
