Carphone Warehouse 2003 Annual Report Download - page 33

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14 Fixed asset investments
Other
Own shares investments Total
Group £’000 £’000 £’000
At 30 March 2002 3,949 26,181 30,130
Additions –3636
Amounts written off (see below) –(15,145) (15,145)
At 29 March 2003 3,949 11,072 15,021
Own shares
The Group has an Employee Share Ownership Trust which holds 1,974,000 shares (2002 – 1,974,000) in the Company for the benefit of the
Group’s employees. At 29 March 2003 the shares had a market value of £1.2m (2002 – £1.9m). The Directors do not consider the impairment of
the investment to be permanent.
Other investments
As explained in note 6c, £15.1m has been written off the Group’s holding in Wireless Frontiers, to reflect the diminution in the value of the fund at
29 March 2003.
Company £’000
At 30 March 2002 169,377
Additions 120,566
Disposals (22,926)
Amounts written off (2,234)
At 29 March 2003 264,783
Principal Group investments
The Company and the Group have 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 have an effective holding of 100% to the Group on consolidation.
Country of incorporation
Name or registration Nature of business
The Carphone Warehouse Limited* England Retail of mobile communication equipment
The Carphone Warehouse UK Limited England Retail of mobile communication equipment
The Phone House SA Belgium Retail of mobile communication equipment
The Phone House sro Czech Republic Retail of mobile communication equipment
The Phone House SA France Retail of mobile communication equipment
The Phone House Deutschland GmbH Germany Retail of mobile communication equipment
The Carphone Warehouse Limited Ireland Retail of mobile communication equipment
The Phone House Netherlands BV Netherlands Retail of mobile communication equipment
The Phone House Lda Portugal Retail of mobile communication equipment
The Phone House SL* Spain Retail of mobile communication equipment
GEAB Teleshop AB Sweden Retail of mobile communication equipment
The Phone House SA Switzerland Retail of mobile communication equipment
The Carphone Warehouse Services Limited England Telecoms services
Value Telecom Limited England Telecoms services
The Phone House Services Telecom-CMC SA France Telecoms services
Opal Telecom Limited* England Telecoms services
The Carphone Warehouse Insurance Limited Isle of Man Insurance underwriting
The Phone House Insurance Limited Isle of Man Insurance underwriting
Telecoms Insurance Services SA Switzerland Insurance brokerage
MViva Limited England Data services
ISe-Net Solutions Limited England Information technology services
The Phone House Holdings (UK) Limited* England Holding company
Wireless Internet Portfolio BV Netherlands Holding company
The Phone House BV Netherlands Holding company
Carphone Warehouse Investments SA* Belgium Holding company
*held directly by the Company.
31
The Carphone Warehouse Group PLC Annual Report 2003