Holiday Inn 2003 Annual Report Download - page 49

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47
Group Company
restated*
Investments Shares in Loans to
and Group Group
advances undertakings undertakings Total
20 FIXED ASSET INVESTMENTS £m £m £m £m
Cost:
At 30 September 2002 339–––
Exchange adjustments (34) – – –
Reclassification 6–––
Additions 42 741 420 1,161
Disposals and repayments (12) – – –
At 31 December 2003 341 741 420 1,161
Provision for diminution in value:
At 30 September 2002 121–––
Exchange adjustments (20) – – –
Reclassification 3–––
Provisions made** 65–––
At 31 December 2003 169–––
Net book value:
At 31 December 2003 172 741 420 1,161
At 30 September 2002 218–––
* Restated on the adoption of UITF 38 (see page 32).
** Relates to a provision for diminution in value of the Group’s investment in FelCor Lodging Trust Inc. and other fixed asset investments.
31 Dec 2003 30 Sept 2002
restated*
Cost less Cost less
amount Market amount Market
written off value written off value
Investments and advances £m £m £m £m
Group
Listed investments 64 66 116 87
Unlisted investments 108 102
172 218
All listed investments are listed on a recognised investment exchange.
* Restated on the adoption of UITF 38 (see page 32).
Group
31 Dec 30 Sept
2003 2002
21 STOCKS £m £m
Raw materials 98
Work in progress –22
Finished stocks 21 47
Consumable stores 14 14
44 91