(i) Operating subsidiaries
The principal operating subsidiaries consolidated in these financial statements are listed below. The Company holds, directly or indirectly, all of the ordinary share capital and voting rights of these companies.
(Download XLS:)  |
|
Company name |
Nature of business |
Country of incorporation | ||
|---|---|---|---|---|
| ||||
|
Legal & General Finance PLC1 |
Treasury operations |
England and Wales | ||
|
Legal & General Resources Limited1 |
Provision of services |
England and Wales | ||
|
Legal & General Assurance Society Limited |
Long term and general insurance |
England and Wales | ||
|
Legal & General Insurance Limited |
General insurance |
England and Wales | ||
|
Legal & General Investment Management Limited |
Institutional fund management |
England and Wales | ||
|
Legal & General Assurance (Pensions Management) Limited |
Long term business |
England and Wales | ||
|
Legal & General Pensions Limited |
Reinsurance |
England and Wales | ||
|
Legal & General Partnership Services Limited |
Provision of services |
England and Wales | ||
|
Legal & General (Portfolio Management Services) Limited |
Institutional fund management |
England and Wales | ||
|
Legal & General Property Limited |
Property management |
England and Wales | ||
|
Legal & General (Unit Trust Managers) Limited |
Unit trust management |
England and Wales | ||
|
Nationwide Life Limited |
Long term business |
England and Wales | ||
|
Suffolk Life Annuities Limited |
Long term business |
England and Wales | ||
|
Suffolk Life Pensions Limited |
Long term business |
England and Wales | ||
|
LGV Capital Limited |
Private equity |
England and Wales | ||
|
Legal & General (France) SA |
Long term business |
France | ||
|
Legal & General Bank (France) SA |
Financial services |
France | ||
|
Legal & General International (Ireland) Limited |
Long term business |
Ireland | ||
|
Legal & General Nederland Levensverzekering Maatschappij NV |
Long term business |
Netherlands | ||
|
Banner Life Insurance Company Inc |
Long term business |
USA | ||
|
William Penn Life Insurance Company of New York Inc |
Long term business |
USA | ||
|
First British American Reinsurance Company |
Reinsurance |
USA | ||
|
First British American Reinsurance Company II |
Reinsurance |
USA | ||
|
First British Bermudan Reinsurance Company |
Reinsurance |
Bermuda | ||
The main territory of operation of subsidiaries incorporated in England and Wales is the UK. For overseas subsidiaries the principal country of operation is the same as the country of incorporation. All subsidiaries have a 31 December year end reporting date.
The complete list of subsidiary undertakings can be obtained from the registered office at One Coleman Street, London, EC2R 5AA.
(ii) Investment vehicles
The following mutual funds and partnerships have been consolidated as a result of the Group’s ability to exert control over the financial and operating activities of the investment vehicle so as to obtain economic benefits.
| (Download XLS:) |
|
Vehicle name |
Vehicle type |
Territory |
Year end reporting date |
% of equity shares held by the Group | ||||
|---|---|---|---|---|---|---|---|---|
| ||||||||
|
Bucklersbury House Unit Trust |
Property unit trust |
Jersey |
31/12/2008 |
100.0 | ||||
|
Legal & General Spectrum (Jersey) Unit Trust |
Property unit trust |
Jersey |
31/12/2008 |
100.0 | ||||
|
Chineham Shopping Centre Limited Partnership |
Property partnership |
Jersey |
31/12/2008 |
100.0 | ||||
|
Ealing Shopping Centre Limited Partnership |
Property partnership |
Jersey |
31/12/2008 |
100.0 | ||||
|
Gresham Street Limited Partnership |
Property partnership |
Jersey |
31/12/2008 |
100.0 | ||||
|
Legal & General City Offices Limited Partnership |
Property partnership |
Jersey |
31/12/2008 |
100.0 | ||||
|
Northampton Shopping Centre Limited Partnership |
Property partnership |
Jersey |
31/12/2008 |
100.0 | ||||
|
Legal & General Investment Management Global Macro Fund Plc |
Open ended investment company |
Ireland |
31/12/2008 |
100.0 | ||||
|
Legal & General Investment Management High Yield Alpha Fund Plc |
Open ended investment company |
Ireland |
31/12/2008 |
100.0 | ||||
|
Legal & General Investment Management UK Smaller Companies Alpha Fund Plc |
Open ended investment company |
Ireland |
31/12/2008 |
100.0 | ||||
|
Legal & General Investment Management Liquidity Funds Plc |
Open ended investment company |
Ireland |
31/12/2008 |
96.0 | ||||
|
Legal & General Asian Income Trust |
Equity unit trust |
UK |
10/09/2008 |
90.3 | ||||
|
Legal & General European Trust |
Equity unit trust |
UK |
28/07/2008 |
85.8 | ||||
|
Legal & General Pacific Growth Trust |
Equity unit trust |
UK |
25/03/2008 |
84.4 | ||||
|
Legal & General North American Trust |
Equity unit trust |
UK |
16/01/2008 |
84.0 | ||||
|
Legal & General Equity Trust |
Equity unit trust |
UK |
15/08/2008 |
82.3 | ||||
|
Legal & General Japanese Trust |
Equity unit trust |
UK |
17/10/2008 |
80.6 | ||||
|
ARC Property Fund Unit Trust |
Property unit trust |
Jersey |
31/12/2008 |
80.0 | ||||
|
Legal & General Alpha Trust |
Equity unit trust |
UK |
18/06/2008 |
67.7 | ||||
|
Legal & General Global Growth Trust |
Equity unit trust |
UK |
15/01/2008 |
66.9 | ||||
|
Legal & General High Income Trust |
Fixed interest unit trust |
UK |
05/09/2008 |
65.8 | ||||
|
Legal & General UK Smaller Companies Trust |
Equity unit trust |
UK |
18/06/2008 |
63.6 | ||||
|
Legal & General Growth Trust |
Equity unit trust |
UK |
15/05/2008 |
62.4 | ||||
|
Legal & General Investment Management Japan Alpha Fund Plc |
Open ended investment company |
Ireland |
31/12/2008 |
61.0 | ||||
|
Legal & General Dynamic Bond Trust |
Fixed interest unit trust |
UK |
05/09/2008 |
54.9 | ||||
|
Central St Giles Limited Partnership |
Property partnership |
Jersey |
31/12/2008 |
50.0 | ||||
|
The Leisure Fund Limited Partnership1 |
Property partnership |
England and Wales |
31/12/2008 |
41.9 | ||||
|
Lagoon Finance Limited2 |
Limited liability company |
Ireland |
31/12/2008 |
– | ||||
|
Trees S.A.2 |
Limited liability company |
Luxembourg |
30/06/2008 |
– | ||||