Marks and Spencer 2004 Annual Report Download - page 45

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43
www.marksandspencer.com
14. FIXED ASSET INVESTMENTS continued Company
Shares in group
undertakings
£m
At 3 April 2004 7,643.2
At 29 March 2003 7,643.2
Shares in group undertakings represents the Company’s investment in Marks and Spencer plc
B Principal subsidiary undertakings
The Company’s principal subsidiary undertakings are set out below. A schedule of interests in all undertakings is filed with
the Annual Return.
Country of Proportion of voting rights
Principal incorporation and shares held by:
activity and operation Company A subsidiary
Marks and Spencer plc Retailing Great Britain 100% –
Marks and Spencer International Holdings Limited Holding Company Great Britain – 100%
Marks and Spencer (Nederland) BV Holding Company The Netherlands – 100%
Marks & Spencer Finance Inc Holding Company United States – 100%
Marks and Spencer (Ireland) Limited Retailing Republic of Ireland – 100%
Kings Super Markets Inc Retailing United States – 100%
Marks and Spencer (Asia Pacific) Limited Retailing Hong Kong – 100%
M&S Card Services Limited Credit Card Handling Great Britain – 100%
Marks and Spencer Retail Financial Services
Holdings Limited Holding Company Great Britain – 100%
Marks and Spencer Financial Services plc Financial Services Great Britain – 100%
Marks and Spencer Unit Trust Management Limited Financial Services Great Britain – 100%
Marks and Spencer Savings and Investments Limited Financial Services Great Britain – 100%
Marks and Spencer Life Assurance Limited Financial Services Great Britain – 100%
M.S. Insurance L.P. Financial Services Guernsey – 100%
M.S. II Insurance L.P. Financial Services Guernsey – 100%
Marks and Spencer Investments Limited Finance Great Britain – 100%
St Michael Finance plc Finance Great Britain – 100%
Marks and Spencer Finance plc Finance Great Britain – 100%
Amethyst Leasing (Properties) Limited Finance Great Britain – 100%
Amethyst Finance plc Finance Great Britain – –1
Marks and Spencer Property Holdings Limited Property Investment Great Britain – 100%
Marks and Spencer SCM Limited Procurement Great Britain – 100%
The Zip Project Limited Procurement Great Britain – 75%
The Company has taken advantage of the exemption under Section 231(5) of the Companies Act 1985 by providing information only in relation to
subsidiary undertakings whose results or financial position, in the opinion of the directors, principally affected the financial statements.
1Amethyst Finance plc is a wholly owned subsidiary of a non-group company but has been consolidated in these accounts as a quasi-subsidiary in
accordance with FRS 5. The quasi-subsidiary has net assets of £nil (last year £nil), the material balances being securitised loan notes of £325.6m
(last year £328.7m) offset by a receivable from a group company.