Vodafone 2005 Annual Report Download - page 100

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Notes to the Consolidated Financial Statements continued
98 |Financials
13.Fixed asset investments continued
The Group’s principal associated undertakings and fixed asset investments are detailed in note 34. A summary of Verizon Wireless’ results is shown within note 36.
Other fixed asset investments
Group
£m
Cost:
1 April 2004 2,079
Exchange movements (112)
Additions 20
Disposals (184)
31 March 2005 1,803
Amounts written off:
1 April 2004 1,030
Exchange movements (81)
Amounts written off during the year 2
31 March 2005 951
Net book value:
31 March 2005 852
31 March 2004 1,049
Other fixed asset investments include 3.3% of China Mobile (Hong Kong) Limited which is listed on the New York and Hong Kong Stock Exchanges. The market value of this
investment at 31 March 2005 was £1,113 million (2004: £1,047 million).
The Company’s fixed asset investments comprise investments in subsidiary undertakings as follows:
£m
Cost:
1 April 2004 110,939
Additions 10
Disposals (12,160)
31 March 2005 98,789
Amounts written off:
1 April 2004 4,762
31 March 2005 4,762
Net book value:
31 March 2005 94,027
31 March 2004 106,177