Fees receivable - 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 9 - Fees receivable

Fees have been accounted for as follows:
	2004 £m	2003 £m
Revenue reserve	43	46
Capital reserve - fees receivable	20	16
Capital reserve - deal related costs	(15)	(6)
	48	56
Fees receivable earned and deal related costs incurred as an intrinsic part of an intention to acquire or dispose of an investment, have been accounted for directly in the capital reserve.