NOTES TO THE FINANCIAL STATEMENTS continued
7. Loans |
||||
|---|---|---|---|---|
| Group |
Group |
Parent |
Parent |
|
Loans to clubs |
||||
| At beginning of year |
4.4 |
2.6 |
0.4 |
0.5 |
| Advances during the year |
1.1 |
2.0 |
– |
– |
| Repayments during the year |
(0.3) |
(0.2) |
(0.1) |
(0.1) |
| At end of year |
5.2 |
4.4 |
0.3 |
0.4 |
8. Investments |
||||
| Group |
Group |
Parent |
Parent |
|
Shares in group undertakings |
||||
| At beginning of year |
(0.4) |
(0.3) |
24.8 |
24.9 |
Rights issue in subsidiary |
– |
– |
5.7 |
– |
| Share of associate profits/(losses) |
0.1 |
(0.1) |
0.1 |
(0.1) |
| At end of year |
(0.3) |
(0.4) |
30.6 |
24.8 |
| Other investments |
||||
| At beginnigng of year |
0.1 |
0.1 |
0.1 |
0.1 |
| At end of year |
0.1 |
0.1 |
0.1 |
0.1 |
Total fixed asset investments |
(0.2) |
(0.3) |
30.7 |
24.9 |
Interests in associated undertakings represent the Parent and Group’s share of post acquisition losses brought forward of £0.4m and share of retained profit for the year of £0.1m, resulting in a £0.3m share in the net liabilities of associated undertakings at 30 June 2007. No provision for diminution in value is considered necessary in either the Group or Parent Company balance sheets for any of the investments. Subsidiary, associated and other undertakings at 30 June 2007 were: |
||||
| Country of |
% holding of |
Year end |
Principal activities |
|
Twickenham Experience Limited |
Great Britian |
52.5% |
30 June |
Hospitality services |
England Rugby Limited |
Great Britian |
50.0% |
30 June |
Elite rugby management |
England Rugby Travel Limited |
Great Britian |
51.0% |
30 June |
Sports travel agency |
European Rugby Cup Limited |
Rep Ireland |
19.0% |
30 June |
Competition management |
Rugby Reflink Limited |
Great Britian |
60.0% |
30 June |
Radio equipment |
Sports Link (UK) Limited |
Great Britian |
40.0% |
30 June |
Radio equipment |
Rugby Football Foundation |
Great Britian |
100.0% |
30 June |
Community rugby |
Rugby Football Development Limited |
Great Britian |
100.0% |
30 June |
Community rugby |
RFU Hotel Limited |
Great Britian |
100.0% |
30 June |
Hospitality services |
Churchill Cup Rugby LP |
USA |
30.0% |
31 December |
Tournament hosting |