Note 14: Investments
|
Group
Equity
interest in associate
£'000 |
Company
Equity
interest in subsidiaries
£'000 |
|
|
|
|
|
| Cost |
|
|
| At 1 August 2006 |
92 |
7,684 |
| Share of profits1 |
32 |
- |
| Additional acquired equity stake in subsidiary undertaking |
- |
3,969 |
|
| At 31 July 2007 |
124 |
11,653 |
|
1 The £32,000 addition in respect of the Group relates to the additional share of profits in 463 Communications LLC accounted for as an associate undertaking.
The directors consider the value of investments in subsidiary undertakings to be not less than that stated in the balance sheet of the Company.
The Group’s principal subsidiaries are listed in note 29.