Carphone Warehouse 2006 Annual Report Download - page 58

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Notes to the Financial Statements continued
14 Non-current asset investments
Total
£’000
At 2 April 2005 6,069
Adoption of IAS32 and IAS39 (see note 30) (2,294)
At 3 April 2005 3,775
Additions 1,659
Movements in fair value 4,830
At 1 April 2006 10,264
Non-current asset investments at 2 April 2005 principally comprise the Group’s interest in Wireless Frontiers, an independently managed wireless investment fund.
Additions in the period represent investments in which the Group holds a minority shareholding of less than 20%.
The fair value of non-current asset investments has been determined using European Venture Capital Association (EVCA) guidelines. Movements in fair value are
recognised in reserves in accordance with IAS39.
a) Principal Group investments
The Group has investments in the following subsidiary undertakings, which principally affected the profits or losses or net assets of the Group. To avoid a statement
of excessive length, details of investments which are not significant have been omitted. All holdings are in equity share capital and give the Group an effective
holding of 100% on consolidation.
Country of incorporation
Name or registration Nature of business
The Carphone Warehouse Limited* England and Wales Distribution and Telecoms Services
The Phone House SAS France Distribution
Phone Warehouse SL Spain Distribution
Opal Telecom Limited* England and Wales Telecoms Services
The Phone House Telecom GmbH Germany Telecoms Services
TalkTalk Telecom Limited* England and Wales Telecoms Services
Onetel Telecommunications Limited England and Wales Telecoms Services
(formerly Centrica Telecommunications Limited)*
New Technology Insurance Ireland Insurance
The Carphone Warehouse Resources Limited England and Wales Investment company
*held directly by the Company.
The Carphone Warehouse Group PLC Annual Report 2006
54