Notes to the financial statements


15     INVESTMENTS IN SUBSIDIARIES

Company Shares
£m
Loans
£m
Total
£m
Cost      
At 1 April 2006 81.7 16.8 98.5
Additions 10.9 0.2 11.1
Disposals (39.7) (0.4) (40.1)
Repayments1 (11.0) (3.1) (14.1)
At 31 March 2007 41.9 13.5 55.4
Additions 0.1 0.2 0.3
Amounts written off/waived (7.9) (13.4) (21.3)
Other movements 0.4 0.4
At 31 March 2008 34.5 0.3 34.8
       
Provision for impairment      
At 1 April 2006 19.3 12.9 32.2
Disposals (12.2) (12.2)
At 31 March 2007 7.1 12.9 20.0
Impairment losses 0.2 0.2
Amounts written off/waived (7.5) (12.9) (20.4)
Other movements 0.4 0.4
At 31 March 2008 0.2 0.2
       
Net book value at 31 March 2008 34.5 0.1 34.6
Net book value at 31 March 2007 34.8 0.6 35.4
   
1 Repayments relate to reduction of share capital in, and repayment of loans from, overseas subsidiaries prior to disposal.

Principal subsidiary undertakings as at 31 March 2008

Name Country of
incorporation
Description of
shares held

Proportion of
nominal value
of issued
shares held by
the Group

Nature of business
AEAT Holdings Ltd UK Ordinary shares 100% Holding company
AEA Mediu Consulting S.R.L. Romania Ordinary shares 100% Energy and environmental
consultancy

The information above relates to those subsidiary undertakings which principally affected the results or financial position of the Group.

In addition to those listed, the Group has other subsidiary undertakings, which operate in the UK. All subsidiaries are included in the consolidated accounts. All subsidiaries have an accounting year end of 31 March, except AEA Mediu Consulting S.R.L. which has a 31 December accounting year end.

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