Download full Annual Report and Accounts - Kingfisher

78
Notes to the consolidated
fi nancial statements
Kingfi sher plc
Annual Report
and Accounts
2009/10
16 Subsidiaries
A list of the signifi cant investments in subsidiaries, including the name, country of incorporation and proportion of ownership interest is given in note 4 of the
Company’s separate fi nancial statements.
17 Investments in joint ventures and associates
£ millions
At 1 February 2009 219
Share of post-tax results 26
Dividends (5)
Exchange differences (6)
At 30 January 2010 234
At 3 February 2008 204
Share of post-tax results (14)
Dividends (3)
Exchange differences 32
At 31 January 2009 219
In the prior year, a write down of £36m was recorded against the Group’s investment in Hornbach due to the challenging trading environment. The write down was
included within the Group’s share of post-tax results.
No goodwill is included in the carrying amount of investments in joint ventures and associates (2008/09: £nil).
Details of the signifi cant joint ventures and associates are shown below:
Country of % interest Class of Main
incorporation held shares owned activity
Principal joint ventures
Koçta¸s Yapi Marketleri Ticaret A.S. 1 Turkey 50% Ordinary Retailing
Principal associates
Hornbach Holding A.G. 2 Germany 21% Ordinary & preference Retailing
Crealfi S.A. France 49% Ordinary Finance
1 Owing to local conditions and to avoid undue delay in the presentation of the Group fi nancial statements, this company prepares its fi nancial statements to 31 December.
2 This company prepares its fi nancial statements to 28 February (or 29 February in a leap year). In order to avoid undue delay in the presentation of the Group fi nancial statements,
the Group records its share of post-tax results for the year ended 30 November.