(i) Operating subsidiaries
In the opinion of the directors, the following subsidiaries principally affected the Company’s results as set out in the annual accounts and are consolidated in these financial statements. The information required to be provided under section 409 of the Companies Act 2006 is provided only in relation to these undertakings and the undertakings listed under note 43(ii) and note 44. A complete list of undertakings will be annexed to the Company’s next annual return which will be available from Companies House.
(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 | ||
|
Legal & General Investment Management America Inc |
Institutional fund management |
USA | ||
|
First British American Reinsurance Company |
Reinsurance |
USA | ||
|
First British American Reinsurance Company II |
Reinsurance |
USA | ||
|
First British Bermudan Reinsurance Company |
Reinsurance |
Bermuda | ||
|
First British Vermont Reinsurance Company |
Reinsurance |
USA | ||
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 operating subsidiaries have a 31 December year end reporting date and are 100% owned.
(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 | ||
|---|---|---|---|---|---|---|
| ||||||
|
Chineham Shopping Centre Limited Partnership |
Limited partnership |
England and Wales |
31/12/2010 |
100.0 | ||
|
Ealing Shopping Centre Limited Partnership |
Limited partnership |
England and Wales |
31/12/2010 |
100.0 | ||
|
Gresham Street Limited Partnership |
Limited partnership |
England and Wales |
31/12/2010 |
100.0 | ||
|
Legal & General City Offices Limited Partnership |
Limited partnership |
England and Wales |
31/12/2010 |
100.0 | ||
|
Legal & General Investment Management Global Opportunities Fixed Income Fund Plc |
Open ended investment company |
Ireland |
31/12/2010 |
100.0 | ||
|
Legal & General Life Fund Limited Partnership |
Limited partnership |
England and Wales |
31/12/2010 |
100.0 | ||
|
Northampton Shopping Centre Limited Partnership |
Limited partnership |
England and Wales |
31/12/2010 |
100.0 | ||
|
Legal & General Investment Management UK Smaller Companies Alpha Fund Plc |
Open ended investment company |
Ireland |
31/12/2010 |
99.9 | ||
|
Legal & General Special Situations Trust |
Equity unit trust |
UK |
14/09/2010 |
99.9 | ||
|
LGV 7 Private Equity Fund Limited Partnership |
Private equity partnership |
England and Wales |
31/12/2010 |
99.7 | ||
|
Legal & General Investment Management Global Macro Fund Plc |
Open ended investment company |
Ireland |
31/12/2010 |
99.5 | ||
|
LGV 6 Private Equity Fund Limited Partnership |
Private equity partnership |
England and Wales |
31/12/2010 |
99.5 | ||
|
Legal & General Asian Income Trust |
Equity unit trust |
UK |
10/09/2010 |
90.4 | ||
|
Legal & General North American Trust |
Equity unit trust |
UK |
16/01/2010 |
86.2 | ||
|
Legal & General Diversified Absolute Return Trust |
Equity unit trust |
UK |
14/09/2010 |
80.8 | ||
|
Legal & General Pacific Growth Trust |
Equity unit trust |
UK |
18/09/2010 |
80.2 | ||
|
ARC Property Fund Unit Trust |
Property unit trust |
Jersey |
31/12/2010 |
80.0 | ||
|
L&G UK Property Ungeared Fund LP |
Limited partnership |
England and Wales |
31/12/2010 |
76.9 | ||
|
Legal & General Equity Trust |
Equity unit trust |
UK |
15/08/2010 |
75.3 | ||
|
Legal & General UK Smaller Companies Trust |
Equity unit trust |
UK |
18/06/2010 |
69.3 | ||
|
Legal & General Global Growth Trust |
Equity unit trust |
UK |
15/01/2010 |
68.2 | ||
|
Performance Retail Unit Trust |
Property unit trust |
Jersey |
31/12/2010 |
66.7 | ||
|
Legal & General Growth Trust |
Equity unit trust |
UK |
15/05/2010 |
64.8 | ||
|
Legal & General European Trust |
Equity unit trust |
UK |
28/07/2010 |
63.2 | ||
|
Legal & General Investment Management Liquidity Funds Plc |
Open ended investment company |
Ireland |
31/12/2010 |
60.3 | ||
|
Legal & General Pacific Index Trust |
Equity unit trust |
UK |
25/03/2010 |
59.5 | ||
|
Legal & General High Income Trust |
Fixed interest unit trust |
UK |
05/09/2010 |
55.9 | ||
|
Legal & General European Index Trust |
Equity unit trust |
England and Wales |
31/07/2010 |
51.0 | ||
|
Lagoon Finance Limited1 |
Limited liability company |
Ireland |
31/12/2010 |
– | ||
|
Trees S.A.1 |
Limited liability company |
Luxem- |
30/06/2010 |
– | ||
