Notes to the accounts
Notes to the accounts list| The Group 2005 £m |
The Group 2004 £m |
The Company 2005 £m |
The Company 2004 £m |
|
|---|---|---|---|---|
| Contingent liabilities relating to guarantees available to third parties in respect of investee companies | 21 | 21 |
21 | 21 |
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 2005, 3i Holdings plc had drawn down £75 million (2004: £72 million) and £40 million (2004: £30 million) respectively under these facilities.
The Company has provided a guarantee to the Trustees of the 3i Group Pension Plan ("the Plan") in respect of the liabilities of the Plan of 3i plc, the principal employer of this Plan.
At 31 March 2005, there was no material litigation outstanding against the Company or any of its subsidiary undertakings.