126 | FINANCIAL STATEMENTS | Notes to the Company Financial Statements


6. 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 2012 Fair value gain in the year


Fair value gains transferred to the Profit and Loss Account At 31 December 2012


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. (b) Fair value through profit or loss


Purchased Equity Plan £m


At 1 January 2012 Disposals in the year


Fair value movement in year At 31 December 2012


1.5


(1.6) 0.1


–


Further details of these investments are disclosed in note 17(a)(i)(2) to the Consolidated Financial Statements, on page 72. The cost of quoted investments as at 31 December 2012 was £2.5m (31 December 2011: £3.8m).


The valuation of quoted investments as at 31 December 2012 was £1.3m (31 December 2011: £2.6m). The fair value of quoted investments is based on quoted market prices at the balance sheet date without any deduction for transaction costs. 7. Debtors


Note


Amounts due within one year: Trade debtors


Amounts owed by subsidiary undertakings Loan to subsidiary undertaking Prepayments


VAT recoverable


Group relief receivable Other debtors


Amounts due after more than one year: Loan to subsidiary undertaking Deferred tax


31 December 31 December 2012 £m


2011 £m


0.9 2.8


81.2 2.3 0.6 3.2 0.8


91.8 11


60.0 0.4


60.4


1.0 2.2


94.4 2.3 0.5 4.6 1.7


106.7


60.0 0.6


60.6


The loan to the subsidiary undertaking bears interest at three-month LIBOR minus 0.25% and is with F&C Treasury Limited. The Company will give written notice of a minimum of one year to seek repayment of £60.0m. The £81.2m (31 December 2011: £94.4m) included within Amounts due within one year is repayable on demand.


NIC hedge £m


2.4


(0.1) 0.2


2.5


Total £m


3.9


(1.7) 0.3


2.5


1.5 0.2


(0.6) 1.1


(a) (b)


31 December 31 December 2012 £m


2011 £m


1.1 2.5


3.6


1.5 3.9


5.4


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  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131  |  Page 132  |  Page 133  |  Page 134  |  Page 135  |  Page 136  |  Page 137  |  Page 138  |  Page 139  |  Page 140  |  Page 141  |  Page 142  |  Page 143