- Financial Statements
Notes to the Company Financial Statements
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for the year to 31 December 2007
4. Investments in Group undertakings
| Shares £m |
Loans £m |
Total £m |
|
| Cost | |||
| 31 December 2006 | 1,830.1 | 372.3 | 2,202.4 |
| Changes in exchange rates | – | (5.6) | (5.6) |
| Additions | 2,119.1 | – | 2,119.1 |
| 31 December 2007 | 3,949.2 | 366.7 | 4,315.9 |
| Provision for impairment | |||
| 31 December 2006 | – | – | – |
| Charge for the year | 1,614.7 | 72.1 | 1,686.8 |
| 31 December 2007 | 1,614.7 | 72.1 | 1,686.8 |
| Carrying amount | |||
| 31 December 2006 | 1,830.1 | 372.3 | 2,202.4 |
| 31 December 2007 | 2,334.5 | 294.6 | 2,629.1 |
All of the above investments are unlisted.
Particulars of principal subsidiary undertakings, which forms part of these financial statements.
During the year the company acquired the entire share capital of George Wimpey Plc. Information in respect of this addition to Group investments is provided in note 35 of the Taylor Wimpey plc consolidated financial statements.