Annual Report & Accounts 2007 - Euromoney Institutional Investor ...

13 Investments
Investments in Investments in Available
associated joint for sale Trade
undertakings ventures investments investment Total
£000’s £000’s £000’s £000’s £000’s
2007
At October 1 2006 1,944 3,743 20,145 14 25,846
Additions 6 – – – 6
Share of profits retained 425 65 – – 490
Decrease in fair value – – (405) – (405)
Transfer to subsidiaries (1,775) (3,510) (19,740) – (25,025)
Dividends (348) (298) – – (646)
Transfer from provisions – – – (14) (14)
At September 30 2007 252 – – – 252
Investments in Investments in Available
associated joint for sale Trade
undertakings ventures investments investment Total
£000’s £000’s £000’s £000’s £000’s
2006
At October 1 2005 2,479 4,587 – 14 7,080
Additions – 3,424 19,740 – 23,164
Share of profits retained 419 788 – – 1,207
Increase in fair value – – 405 – 405
Transfer to subsidiaries – (5,056) – – (5,056)
Dividends (756) – – – (756)
Provision (198) – – – (198)
At September 30 2006 1,944 3,743 20,145 14 25,846
Associated undertakings
The associated undertaking at September 30 2007 was Capital NET Limited whose principal activity is the provision of electronic
database services. The group has a 48.4% (2006: 48.4%) interest in Capital NET Limited. At September 30 2006 the group, in
addition to Capital NET, had a 40% interest in TelCap Limited whose principal activity is business publishing. In February 2007,
TelCap Limited became a subsidiary undertaking.
Capital NET Limited does not have a coterminous year end with the group. The total assets, liabilities, revenues and
profit after tax generated by Capital NET Limited from its latest available audited accounts are set out below
(2006: Capital NET Limited and TelCap Limited).
Associates Associates
2007 2006
£000’s
£000’s
Total assets 639 1,879
Total liabilities (273) (1,012)
Total revenues 2,265 3,604
Profit after tax 682 1,049
Annual Report and Financial Statements 2007 65