Notes to the accounts

Notes to the accounts list

9 Fees receivable
Fees have been accounted for as follows:

	2005 £m	2004 £m
Revenue reserve	39	43
Capital reserve
– fees receivable	27	20
– deal related costs	(9)	(15)
	57	48

Fees receivable and deal related costs that have been incurred as an intrinsic part of an intention to acquire or dispose of an investment, have been accounted for directly in the capital reserve.