Notes to the Accounts (continued)


17. Investments in subsidiaries (continued) The summarised financial information of the subsidiary undertakings that are material to the Group is provided below:


a) Trading subsidiaries – activities for generating funds


Cancer Research UK Trading Ltd


2011 £000


Turnover Cost of sales


Interest receivable Net operating costs


Profit on ordinary activities before Gift Aid and taxation Gift Aid payable to Cancer Research UK Taxation


Retained profit for the year Assets Liabilities Net assets b) Trading subsidiaries – activities in furtherance of the Group’s objects


Cancer Research Technology Ltd


2011 £000


Turnover


Cost of sales Other income Interest payable Interest receivable


Profit on ordinary activities before Gift Aid and taxation Gift Aid payable to Cancer Research UK Taxation


Retained profit for the year Assets Liabilities Net assets 32,722


(30,622) 32


(19) 64


2,177


(1,137) –


1,040 27,154


(16,966) 10,118


2010 £000


32,755


(30,359) 104


(19) 67


2,548


(1,563) –


985 28,887


(19,739) 9,148


Cancer Research Technology Inc


2011 £000


390


(341) – – –


54 –


(10) 44


213


(40) 173


Beatson Technology Limited is a wholly-owned subsidiary of the Beatson Institute for Cancer Research. The company was established to undertake commercial developments arising as a by-product of the Institute’s medical research activities. Currently, the company has negligible trading activities.


2010 £000


414


(403) – – –


11 –


(3) 8


202


(33) 169


23,017


(22,058) 27


(69) 917


(925) 8


– 6,275


(6,275) –


2010 £000


23,767


(22,575) 46


(88) 1,150


(1,150) –


– 7,145


(7,145) –


44 / Annual Report and Accounts / Notes to the Accounts


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64