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3 Profit befote Taxation (continued) (iv) Auditors' remuneration and expenses and crediting :- (v) Investment income On quoted investments On unquoted investments In accordance with previous group practice' research, development, patenk and recording repertoire have not been valued and expenditure has been written ofr as incurred. In the previous year income from unquoted investments incluilei the profit before taxation attributable to the group's equity interests in two companies which did not fall within the definition of associated companies as set out in Note 1 but in respect of which agreements exist to distribute as dividend each year the whole ofthe profits after taxation. Io the cu.rrent year one of these companies is treated as an associated eompany whilst in the case of the other (British Domestic Appliances Limited) no income is included for the reaaons stated in Note 1. 4 Paront Company Directols'and Employees' The salaries and fees ofthe other eleven directors resident in the Salaries and Fees United Kingdom fell within the following ranges:- Parent Company United Kingdom and overseas taxes:- Due within one year Due after one year Taxation equalisation- Notc (c) Overseas taxation 3,943 Tlansfer to (from) taxation equalisation (804) Group share oftaxation borne bY associated compardes The above charge of €3 ,541 ,000 is aryived at after deducting a net crealit of 4168,00O in respect of adjustments to prior years' provisions. The balance on tax equalisation represento the excess ot (deficit) of (i) the amount by which tax relief has been obtained in respect of depreciation of fixed assets in ercess of the normal commercial depreciation rates charged in the accounts, over (ii) the estimated future tax relief to be obtained in respect of expenditure chargeal against proflts in periods up to 30 June 1971 . 70,443 (d) Undistributect profits of certain of the overseas subsidiary and associateil companies are liable to overseas and/or United Kingdom taxation if distributed as dividends, but provision has been made only against dividenils paid or proposed up to 30 June 1971 .
Net book value 30 June 7 Goodwill arising on Consolidation (a) GoodwiU repreaenta tbe ercesa of the purchase considera_ tion for.s .lreidiarie,s acquired over the'bofi va-l;;ffi;; net aasets, lesa amoults sritten of. (b) During the year fB6,O00 (1920- Cl,048,0m) was written ofi agarnat accumulated reserves (Nok 14). Freehold Leasehold land and land and buildings buildinge Plant and equipment Group balance sheet Cost or valuation 1 July New subsidiaries Additions Surplw (deficit) on valuation Disposals l}ansfers Cost or valuation 30 June Note (c) Accumulated depreciation 1 JuIy New subsidiaries Charge for year Adjustment on valuation Disposals Tlansfers Net book value 3O June Parent Company balauce sheet Cost or valuation I July Additions Disposals Cost or valuation 30 June Note (c) Accumulated depreciation 3O June
Page 2 and 3: of meeting Notice is hereby given
Page 4 and 5: 2 Main industry analysis of sales a
Page 6 and 7: Ghairman's At the end of my last R
Page 8 and 9: Finance The increased interest char
Page 10 and 11: Dividends Preference dividends amou
Page 12 and 13: Sales (Note 2) Profft before Taxa
Page 14 and 15: Parent Gompany Balance Sheet
Page 18 and 19: I Fixed Assets (continued) ;"; ';;;
Page 20 and 21: t4 nesefvos Other capital reserve
Page 22 and 23: Records and Music The results from
Page 24 and 25: Music Publishing The Keith Prowse M
Page 26 and 27: Feature Films During the year, 15 B
Page 28 and 29: Electronics The year saw a marked i
Page 30 and 31: v EMI-Marine have doubled in the ye
Page 32 and 33: Property When in 1969 EMI acquired
Page 34 and 35: At 30 June Capital Employed Goodwil
Page 36: lftrvement in price of'EMI Ordinary
Page 39 and 40: Europe Products anal Services Chief
Page 41: Principal Associated Companies Asso

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