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3i Group plc
Report and accounts 2006
Report and accounts 2006
| 2006 £m |
2005 £m |
|
|---|---|---|
| Opening cost | 77 | 55 |
| Additions | - | 25 |
| Disposals | (8) | (3) |
| Closing cost | 69 | 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 2006 was £104 million (2005: £84 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.