Middlesex University
Financial Statements 2015/16
15.Non-Current Investments Consolidated
Other
Subsidiary companies £000
At 1 August 2015 At 31 July 2016 University At 1 August 2015 At 31 July 2016 The non-current investments have been valued at market value.
The board believe that the carrying value of the investments in trading subsidiary companies is supported by the subsidiary company net assets and/or business plans. Investments in the subsidiary companies are stated at cost with the exception of MU Ventures Limited. The University holds a £2m provision against MU Ventures Limited (2015: £2m). Details of the subsidiary companies are shown in Note 28.
– – £000 25 25
non-current investments £000
36 36 £000 36 36
Total £000
36 36 £000 61 61
Consolidated and University £000
Other non-current investments consist of: CVCP Properties plc
Argentium International Limited
36 –
36
CVCP Properties plc is a company owned by 132 UK university institutions, whose executive heads (vice-chancellors/principals) are members of Universities UK.
The University holds a £30k provision (2015: £30k) against its shareholding in Argentium International Limited.
61
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