Shares in Group undertakings - 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 24 - Shares in Group undertakings


	The Company 2004 £m
Opening balance	66
Additions	14
Disposals	(24)
Capital reduction of Group undertaking	(7)
Currency translation	(2)
Closing balance	47
Details of the principal subsidiary undertakings are given under Principal subsidiary undertakings and joint ventures.