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31 Minority interests

Minority interests represent third party interests in property investment vehicles which are consolidated in the Group’s results.

 

2008
£m

2007
£m

1.

The 2007 movement in third party interest includes the disposal of a unit trust of £331m arising from dilution of the Group’s ownership below 50%.

As at 1 January

178

414

Share of net loss in subsidiaries

(63)

(6)

Movement in third party interests1

29

(230)

As at 31 December

144

178