Notes to the accounts
Notes to the accounts list| 2005 £m |
|
|---|---|
| Opening cost | 55 |
| Additions | 25 |
| Disposals | (3) |
| 31 March 2005 | 77 |
Investment in own shares consists of shares in 3i Group plc held by The 3i Group Employee Trust to meet its obligations under the Group's share schemes. The market value of these shares at 31 March 2005 was £84 million (2004: £62 million). The Trustee has waived its right to receive dividends on the shares held by the Trust. The purchase of the shares is funded by an interest free loan from 3i Group plc.