Cosalt plc Annual report & financial statements 2008

Financial statements
36. Investments
Notes to the Company financial statements
Cosalt plc Annual report & financial statements 2008
2008 2007
£000 £000
Shares in subsidiary undertakings at cost 65,456 52,849
Less amounts written off 3,772 3,772
Investment in shares of subsidiary undertakings 61,684 49,077
Other investments 2,728 750
64,412 49,827
The movement in costs and amounts written off are as follows:
2008 2007
£000 £000
At 28 October 2007 52,849 17,284
Additions 32,889 35,565
Disposals (20,282) –
At 26 October 2008 65,456 52,849
Amounts written off
At 26 October 2008 and 28 October 2007 3,772 3,772
Net book value 61,684 49,077
During the year the Company acquired Myhre-Maritime A/S and disposed of Banner Limited and Cosalt Holiday Home Limited.
Details of additions to investments are shown in the Group acquisition notes on page 70 and disposals on page 53.
Details of the principal subsidiary undertakings, including those acquired during the year, are shown in the Group activities note 20.
37. Debtors: amounts falling due within one year
2008 2007
£000 £000
Trade debtors 45 67
Amounts due from subsidiary undertakings less provisions 35,739 31,028
Other taxation recoverable 176 23
Other debtors 82 1,257
Prepayments and accrued income 194 31
36,236 32,406
38. Creditors: amounts falling due within one year
2008 2007
£000 £000
Loans other than from banks 557 557
Bank loans and overdrafts 5,616 7,266
6,173 7,823
Trade creditors 260 300
Amounts owed to subsidiary undertakings 6,940 6,220
Corporation tax 500 1,201
Social security 524 428
Other creditors 4,612 4,471
Accruals and deferred income 5,260 1,702
Obligations under finance leases (note 43) 20 8
24,289 22,153
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