7 Investments.

(XLS:) Notes to the Company Financial Statements – investments

 

Shares in Group companies
2012
£m

Loans to Group companies
2012
£m

Total
2012
£m

Shares in Group companies
2011
£m

Loans to Group companies
2011
£m

Total
2011
£m

At valuation, 1 January

5,519

863

6,382

5,648

801

6,449

Additions

11

66

77

Repayment

(86)

(86)

(233)

(233)

Revaluation

30

(36)

(6)

93

(4)

89

At valuation, 31 December

5,549

741

6,290

5,519

863

6,382

At cost, 31 December

2,939

746

3,685

2,939

832

3,771

Additions represent capital injections into Group undertakings.

Full disclosure of the Company’s investments in subsidiary undertakings is contained in Note 52 of the Group’s consolidated financial statements.