Annual Report & Accounts 2009 - Anglo Irish Bank

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Notes to the financial statements continued 29. 94 Interests in associate and joint ventures continued Group's interest Principal joint venture entities and registered offices Principal activity in equity Berala Sarl * 62 avenue Victor Hugo, L-1750 Luxembourg Heywood Park Limited * Jubilee Buildings, Victoria Street, Douglas, Isle of Man IM1 2SH Regeneration Developments Limited SCD House, Waterloo Road, Dublin 4, Ireland The Met Quarter Property Unit Trust * 22 Grenville Street, St. Helier, Jersey JE4 8PX The Second Anglo Irish UK Property Fund SLP 50 Lothian Road, Festival Square, Edinburgh EH3 9WJ, Scotland Property investment 60% Property investment 95% Property investment 50% Property investment 60% Property investment 19% * The Group's interest in the equity of these entities is greater than 50%. However, the substance and legal form of these ventures is such that they are jointly controlled entities as the approval of all joint venture parties is required for all strategic financial and operating decisions. Associate 15 months Year ended ended 31 December 30 September 2009 2008 €m €m Share of results of associate (16) - The Group 31 December 30 September 2009 2008 €m €m Interest in associate - unlisted - 16 The Group has written down the value of its interest in its associate to €nil (30 September 2008: €16m). The Group The Group's share of the assets and shareholders' funds of its associate is €nil (30 September 2008: €16m). The Group has recognised a loss of €16m (30 September 2008: €nil), reflecting the write down of its interest. At 31 December 2009 the Group had neither capital commitments nor contingent liabilities, whether incurred jointly or otherwise, in relation to its joint ventures or associate. In accordance with the European Communities (Credit Institutions: Accounts) Regulations, 1992, the Group will annex a full listing of its joint ventures and associates to its annual return to the Companies Registration Office in Ireland.
30. Investments in Group undertakings Investments in subsidiary undertakings at cost less provisions for impairment Principal subsidiary undertakings and registered offices 10 Old Jewry, London EC2R 8DN, England Anglo Irish Assurance Company Limited Heritage House, 23 St. Stephen's Green, Dublin 2, Ireland Anglo Irish Mortgage Bank Stephen Court, 18/21 St. Stephen's Green, Dublin 2, Ireland Jubilee Buildings, Victoria Street, Douglas, Isle of Man IM1 2SH Anglo Irish Capital UK LP 10 Old Jewry, London EC2R 8DN, England Anglo Irish Capital UK (2) LP 10 Old Jewry, London EC2R 8DN, England Anglo Irish Capital UK (3) LP 10 Old Jewry, London EC2R 8DN, England Anglo Irish Covered Bonds LLP 10 Old Jewry, London EC2R 8DN, England Anglo Irish International Financial Services Limited Stephen Court, 18/21 St. Stephen's Green, Dublin 2, Ireland Anglo Irish Property Lending Limited 10 Old Jewry, London EC2R 8DN, England Buyway Group Limited Stephen Court, 18/21 St. Stephen's Green, Dublin 2, Ireland CDB (U.K.) Limited 10 Old Jewry, London EC2R 8DN, England Colligo Funding Limited 5 Harbourmaster Place, IFSC, Dublin 1, Ireland Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington, DE 19808, USA Life assurance and pensions 31 December 30 September 2009 2008 €m €m 3,236 821 The increase in investments in subsidiary undertakings during the period is primarily due to the Bank's investment in Anglo Irish Mortgage Bank and an additional investment in CDB (U.K.) Limited. Anglo Irish Asset Finance plc Anglo Irish Bank Corporation (International) PLC Mainland Investments GP, Inc. Sparta Financial Services Stephen Court, 18/21 St. Stephen's Green, Dublin 2, Ireland Principal activity Finance Issuance of mortgage covered securities Banking Finance Finance Finance Guarantor of covered bonds Finance Finance Investment holding Investment holding Secured debt issuance Property investment Finance Anglo Irish Bank Annual Report & Accounts 2009 The Bank 95
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Annual Report & Accounts 2009
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Contents Page Chairman’s statemen
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Legacy matters The Bank is continui
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Jim Brydie was appointed Head of Gr
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Business review This business revie
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Divisional lending balances by sect
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holdings, reduced investment cash f
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30 September 2008. Average total cu
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Income statement - treasury impairm
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to acquire these assets they are in
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Board of Directors Donal O’Connor
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In keeping with our environmental p
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Principal risks and uncertainties T
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Credit risk Credit risk is the risk
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Report of the Directors The Directo
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Corporate governance statement On 1
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Corporate governance statement cont
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Independent Auditors' report to the
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Consolidated income statement For t
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Consolidated statement of financial
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Consolidated statement of changes i
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Statement of cash flows For the 15
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Supplementary information Consolida
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www.angloirishbank.com Anglo Irish
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Annual Report & Accounts 2009 - Anglo Irish Bank

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