132 | FINANCIAL STATEMENTS | Notes to the Company Financial Statements
5. Tangible fixed assets Leasehold
improvements £m
Cost: At 1 January 2011 Disposals
At 31 December 2011
Depreciation: At 1 January 2011
Depreciation charge for the year Disposals
At 31 December 2011
Net book values: At 31 December 2010
At 31 December 2011 6. Investments in subsidiaries Note
Cost: At 1 January 2011
Adjustment to acquisition creditor for TRC net assets consideration Reversal of TRC conditional consideration
Additions in respect of share-based payment awards Recharge in respect of share-based payment awards
At 31 December 2011
Cumulative impairment: At 1 January 2011 and 31 December 2011
Net book values: At 31 December 2010
At 31 December 2011
4(b) 4(b)
£m
1,265.8 (0.1) (7.5) 17.3
(16.5) 1,259.0 3.0
1,262.8 1,256.0
Included within the above net book value is £74.2m (31 December 2010: £73.4m) in respect of equity-settled share-based payment awards made by subsidiary undertakings.
7. Other investments The classification of investments at 31 December is as follows:
Notes Available for sale Fair value through profit or loss (a) Available for sale
Unquoted £m
At 1 January 2011 Fair value movement in the year
Fair value gains transferred to the Profit and Loss Account At 31 December 2011
These investments represent carried interest entitlement in private equity funds.
The unquoted investments have been valued in accordance with International Private Equity and Venture Capital Valuation Guidelines and in accordance with the limited partnership agreements where possible.
3.2 1.6
(3.3) 1.5
(a) (b)
31 December 31 December 2011 £m
2010 £m
1.5 3.9
5.4
3.2 6.6
9.8 4.1 4.1 2.8 3.2
Office furniture and equipment £m
0.4
Computer equipment £m
5.3
–– (0.1) 0.4
5.2 0.4 0.4 5.3 5.2
Total £m
9.8
(0.1) 9.7
8.5
0.4 –– 0.4 –– (0.1)
(0.1) 8.8
1.3 –– 1.3 0.9 –– 0.9
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