Notes to the accounts
Notes to the accounts list| The Group 2005 £m |
The Company 2005 £m |
|
|---|---|---|
| Opening balances | ||
| Cost | 111 | 26 |
| Share of post acquisition retained surpluses less losses | (9) | – |
| Unrealised appreciation | (75) | (16) |
| 27 | 10 | |
| Additions | 14 | – |
| Disposal and repayments | (10) | (4) |
| Share of net surplus less losses | (3) | – |
| Unrealised appreciation | 13 | 8 |
| Currency translation | 5 | – |
| 31 March 2005 | 46 | 14 |
| Represented by: | ||
| Cost | 121 | 22 |
| Share of post acquisition retained surpluses less losses | (13) | – |
| Unrealised appreciation | (62) | (8) |
| 46 | 14 |
The additions to joint ventures were new loans to DIAB Intressenter AB. Disposal and repayments were mostly repayment of loans.
The gross assets of the joint ventures are debt securities and other fixed income securities held as financial fixed assets. The gross liabilities are other liabilities. Details of the Group's interests in its principal joint ventures, which are unlisted and outside the UK, are given in this report.