 |
 |
| Note 48 - Contingent liabilities |
|
| |
| |
The
Group
2004
£m |
The
Group
2003
£m |
The
Company
2004
£m |
The
Company
2003
£m |
Contingent liabilities relating to guarantees available to third parties
in respect of investee companies |
21 |
19 |
21 |
16 |
| The Company has guaranteed the payment of principal, premium, if any, and interest on all the interest swap agreements of 3i Holdings plc. The Company has guaranteed the payment of principal, premium, if any, and interest on notes issued under the £2,000 million Note Issuance Programme by 3i Holdings plc and 3i International BV. |
| The Company has guaranteed the payment of principal and interest on amounts drawn down by 3i Holdings plc under the £360 million and the €595 million revolving credit facilities. At 31 March 2004, 3i Holdings plc had drawn down £72 million (2003: £175 million) and £30 million (2003: £nil) respectively under these facilities. |
| At 31 March 2004, there was no material litigation outstanding against the Company or any of its subsidiary undertakings. |
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