Group 2006 £m |
Group 2005 £m |
Company 2006 £m |
Company 2005 £m |
|
---|---|---|---|---|
Contingent liabilities relating to guarantees available to third parties in respect of investee companies | 13 | 21 | 13 | 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.
The Company has guaranteed the payment of principal and interest on amounts drawn down by 3i Holdings plc under the £150 million and the £486 million revolving credit facilities. At 31 March 2006, 3i Holdings plc had drawn down £74 million (2005: £nil) under the first facility.
The Company has provided a guarantee to the Trustees of the 3i Group Pension Plan in respect of the liabilities of 3i plc to the Plan. 3i plc is the sponsor of the 3i Group Pension Plan.
At 31 March 2006, there was no material litigation outstanding against the Company or any of its subsidiary undertakings.