Realised profits on disposal of investments - 3i Annual Report and Accounts 2004



Chairman’s statement	Chief Executive’s statement	Our business focus	Operating and financial review	Case studies	Corporate governance	Financials
Financial statements	Additional financial information	Information for shareholders

Note 2 - Realised profits on disposal of investments


	2004 £m	2003 £m
Net proceeds	923	976
Opening valuation of investments disposed	(653)	(755)
Investments written off	(50)	(79)
Other	8	48
Realised profits on disposal	228	190
Represented by:
Listed	21	8
Unlisted	207	182
	228	190
Other includes £4 million (2003: £50 million) in respect of subordinated liabilities no longer repayable, as explained in note 39.