Jupiter Annual Report 2010 - Jupiter Asset Management

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Financial statements – continuation | Notes to the financial statements 19. Principal Group undertakings The following are the principal subsidiaries and associates of the Group. All subsidiaries (other than the sub-portfolios of The Jupiter Global Fund, which have a year end of 30 September) have identical reporting dates and periods of reporting to the parent company. Principal Group subsidiaries Country of incorporation & operation Principal activities Percentage of issued ordinary shares held in subsidiary companies At 31 Dec 2010 At 31 Dec 2009 Jupiter Fund Management Group Limited** England Investment holding company 100 100 Jupiter Asset Management Group Limited England Investment holding company 100 100 Jupiter Investment Management Group Limited England Investment holding company 100 100 Jupiter Asset Management Limited England Investment management 100 100 Jupiter Unit Trust Managers Limited England Unit trust activities 100 100 Jupiter Administration Services Limited England Corporate services 100 100 Jupiter Asset Management (Bermuda) Limited* Bermuda Investment management 100 100 Jupiter Global Fund SICAV: Jupiter North American*** Jupiter Global Fund SICAV: Jupiter Asia Pacific*** Luxembourg Sub-portfolio 15 100 Luxembourg Sub-portfolio 54 49.8 Associates Country of incorporation & operation Accounting treatment Year end reporting date Principal activities Percentage of associate equity held by Group At 31 Dec 2010 At 31 Dec 2009 Alon Technology Ventures Limited* British Virgin Islands At fair value through profit or loss 31 December Investment company 40.1 40.1 Jupiter Global Fund SICAV: Jupiter European Absolute Return*** Luxembourg At fair value through profit or loss 30 September Sub-portfolio 24.6 – Jupiter Global Fund SICAV: Jupiter European Opportunities*** Luxembourg At fair value through profit or loss 30 September Sub-portfolio 17.0 37.1 Jupiter Global Emerging Markets Fund England At fair value through profit or loss 31 December Unit trust 30.0 – *Common shares. **Direct subsidiary of the Company. ***Redeemable shares of no par value. Summarised financial information for associates which are seed capital investments in funds and are classified as investments in associates and held at fair value through profit or loss are shown below. 2010 £m 2009 £m Aggregate losses of associates (1.2) (1.6) Net assets 46.2 75.9 Annual Report & Accounts 2010 84 Jupiter Fund Management plc
Financial statements – continuation | Notes to the financial statements 20. Trade and other receivables Current 2010 Group £m 2009 Group £m 2010 Company £m 2009 Company £m Trade receivables 83.1 53.6 0.1 – Deferred acquisition and commission costs 13.8 5.6 – – Loans to employees – 0.1 – – Prepayments and accrued income 13.6 12.0 0.1 – Amounts owed from subsidiaries – – 263.5 – Total current trade and other receivables 110.5 71.3 263.7 – Non-current 2010 Group £m 2009 Group £m 2010 Company £m 2009 Company £m Trade receivables – 0.9 – – Deferred acquisition and commission costs 11.2 13.2 – – Loans to employees – 0.3 – – Total non-current trade and other receivables 11.2 14.4 – – The fair value of the above assets is equivalent to their above carrying value. For details on related party receivables, refer to the note on related parties. Interest bearing loans to employees amounted to £nil in 2010 (2009: £0.4m). Trade receivables are non-interest bearing and are generally collected within four working days. See below for the ageing analysis of trade and other receivables. Past due but not impaired Neither past due nor impaired £m < 30 days £m 30 – 60 days £m 61 – 90 days £m Over 90 days £m Total 2009 47.0 5.4 0.7 0.4 1.5 55.0 2010 66.3 13.5 – 0.6 2.7 83.1 Annual Report & Accounts 2010 85 Jupiter Fund Management plc
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Jupiter Fund Management plc Annual
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Introduction 01-06 Highlights Chair
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Introduction Highlights Chairman’
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Who we are 07-14 Jupiter in brief S
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Directors’ report Business review
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Jupiter Annual Report 2010 - Jupiter Asset Management

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