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t4 nesefvos Other capital reserveg Retained profits Group balance sheet Balances at 1 July 1970 Revaluation of cunency balances at 1 July 1970 Other revaluations Tlansferg Acquisition of eubsidiaries Premium arising on sharea and Ioan atock iseued Erpenses of sharee and loan gtock igeued Applied againet goodwill Eiieptional profits less lossee on sales offixed assets and investments Othei adjustments not applicable to current trading Undiatributed profit for the Year Balances at 30 June 1971 Group companies, ercluding aseociates Aseociated companies Parent Comparry balance sheet Balances at I July 1970 R€valu.ation ofcunency balances at 1 July 1970 Acquiaition of subsidiaries Premium arising on shares and loan stock issued Expenses of shares and loan stock issued Erceptional profits on saleg of investments Othei adj uatments not applicable to curreDt trading Undistributed profit for the Year Balances at 30 June 1971 The total retained profits of the Group C16,828,00O include undistributed earnings of certain subsidiary companies, amounting to iSoo,om, *hi"h r"e not fi..dly available for distribution because oflocal exchange regrrlations. Secured Not repayable in full within 5 years In USA In other countries Repayable in full within 5 Years 2-Ar Various Group Total - Secured Loans Parent Company
15 Loan Gapital (continued) Unsecured Not repayable in full within 5 years In United Kingdom:- Unsecured Swiss loan 1966/?6 Unsecured loan st ocklgSi /g2 Unsecured Eurodoilar loan 19?9/82 Unsecured loan stock 1989/94 Unsecured loan st ock 2ffi 4 / 9 Unsecured loan st ock2e04/9 Convertible Unsecured loan stock 1981 Others In other countries:- Unsecured Swiss loan 1966/26 held by a subsidiary Others Interest rates 4' 8 Various Group Parent Company Total - Unsecured Loans Total Loan Capital Stock for each Ordinary Stock Unit. 16 Foreign Gurrencies Parent Company (a) Guarantees given by the parent company include S24,815,000 (1970 t8,264,000) in respect of subsidiaries, liabilities included in the g"oup accounts. The iacrease during the year to 30 June 19?1 is largely made up of guarantees given to support subsidiary company banJ< borrowings transferred from the parent company for administrative reasons. (b) Exceptlgnal qontingent liabilities exist relating to litigation in the United States. The probable cost of this cann-ot vet be quantified but the Company's advisors consider that ihe defence available is adequate. There are also overseas tsx contingencies of an uncertain amount, but approximatinr to €350,000. The directors do not expect that any sislifii cant liabilities $'ill materia_lise from these.
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 16 and 17: 3 Profit befote Taxation (continued
Page 18 and 19: I Fixed Assets (continued) ;"; ';;;
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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