7 INVESTMENTS.


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Shares
in Group companies
2011
£m

Loans
to Group companies
2011
£m

Total
2011
£m

Shares
in Group companies
2010
£m

Loans
to Group companies
2010
£m

Total
2010
£m

At valuation, 1 January

5,648

801

6,449

4,929

770

5,699

Additions

11

66

77

167

21

188

Repayment

(233)

(233)

Revaluation

93

(4)

89

552

10

562

At valuation, 31 December

5,519

863

6,382

5,648

801

6,449

At cost, 31 December

2,939

832

3,771

3,161

766

3,927

Additions represent capital injections into Group undertakings.

Full disclosure of the Company’s investments in subsidiary undertakings is contained in Note 43 of the Group’s consolidated financial statements.

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