Download full Annual Report and Accounts - Kingfisher
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Kingfi sher plc<br />
<strong>Annual</strong> <strong>Report</strong><br />
<strong>and</strong> <strong>Accounts</strong><br />
2009/10<br />
101<br />
4 Investments<br />
£ millions<br />
Investments<br />
in Group<br />
undertakings<br />
At 1 February 2009 5,585<br />
Additions 1,198<br />
Impairment (18)<br />
At 30 January 2010 6,765<br />
Additions to investments in Group undertakings represent £1,198m (2008/09: £10m) of capital injections into a number of subsidiary undertakings as part of<br />
Group restructuring activities undertaken.<br />
The directors consider that to give <strong>full</strong> particulars of all subsidiary undertakings would lead to a statement of excessive length. A <strong>full</strong> list of subsidiary undertakings<br />
is attached to the latest annual return. The following information relates to those Group undertakings at the year end whose results or fi nancial position, in the<br />
opinion of the directors, principally affect the fi gures of the consolidated fi nancial statements of Kingfi sher plc.<br />
Country of % interest<br />
incorporation held <strong>and</strong> Class of share<br />
<strong>and</strong> operation voting rights owned Main activity<br />
B&Q plc 1 Great Britain 100% Ordinary & special 2 Retailing<br />
B&Q Irel<strong>and</strong> Limited Irel<strong>and</strong> 100% Ordinary Retailing<br />
B&Q Properties Limited Great Britain 100% Ordinary Property investment<br />
Screwfi x Direct Limited Great Britain 100% Ordinary Retailing<br />
Castorama France S.A.S. 3 France 100% Ordinary Retailing<br />
Immobilière Castorama S.A.S. 3 France 100% Ordinary Property investment<br />
Brico Dépôt S.A.S. 3 France 100% Ordinary Retailing<br />
Eurodépôt Immobilier S.A.S. 3 France 100% Ordinary Property investment<br />
Castorama Polska Sp.z.o.o. 3 Pol<strong>and</strong> 100% Ordinary Retailing<br />
B&Q (China) B.V. 4 Netherl<strong>and</strong>s 100% Ordinary Holding company<br />
B&Q Asia Holdings Ltd 5 Hong Kong 100% Ordinary Holding company<br />
Euro Depot España S.A. 3 Spain 100% Ordinary Retailing<br />
Castorama RUS LLC 6 Russia 100% Ordinary Retailing<br />
Halcyon Finance Ltd 7 Great Britain 100% Ordinary Finance<br />
Castorama Dubois Investissements S.C.A. 1,3 France 100% Ordinary Holding company<br />
Kingfi sher France S.A.S. 3 France 100% Ordinary Holding company<br />
Sheldon Holdings Limited 7 Great Britain 100% Ordinary Holding company<br />
Zeus L<strong>and</strong> Investments Limited Great Britain 100% Ordinary Holding company<br />
1 The Castorama <strong>and</strong> B&Q group is 100% owned, of which 45% is held directly by Kingfi sher plc.<br />
2 The special shares in B&Q are owned 100% by Kingfi sher plc <strong>and</strong> are non-voting.<br />
3 Owing to local conditions, these companies prepare their fi nancial statements to 31 January.<br />
4 Holding company for the Group’s Chinese retailing operations, which have a 31 December year end.<br />
5 Holding company for the Group’s former OBI China retailing operations, which have a 31 December year end.<br />
6 Owing to local conditions <strong>and</strong> to avoid undue delay in the presentation of the Group fi nancial statements, this company prepares its fi nancial statements to 31 December.<br />
7 Held directly by Kingfi sher plc.<br />
5 Debtors<br />
£ millions 2009/10 2008/09<br />
Amounts falling due within one year<br />
Owed by Group undertakings 2,526 2,622<br />
Corporation tax 30 27<br />
Derivatives 19 68<br />
Other debtors 1 2<br />
2,576 2,719<br />
Amounts falling due after more than one year<br />
Derivatives 80 180<br />
Deferred tax assets 8 7<br />
88 187
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