7 Investments.

7 Investments.
(XLS:) Notes to the Company Financial Statements – Investments

 

Shares in Group companies
2013
£m

Loans to Group companies
2013
£m

Total
2013
£m

Shares in Group companies
2012
£m

Loans to Group companies
2012
£m

Total
2012
£m

1.

During the year, the Company received a dividend of £146m in respect of Banner Life shares at net asset value from Legal & General Insurance Holdings (No.2) Limited. The Company then passed these shares to Legal & General Overseas Operations Limited in return for £1 share capital and £146m share premium.

At valuation, 1 January

5,549

741

6,290

5,519

863

6,382

Additions1

385

385

Repayment

(86)

(86)

Revaluation

(185)

3

(182)

30

(36)

(6)

At valuation, 31 December

5,749

744

6,493

5,549

741

6,290

 

 

 

 

 

 

 

At cost, 31 December

3,180

746

3,926

2,939

746

3,685

Additions represent capital injections into Group undertakings.

Full disclosure of the Company’s investments in subsidiary undertakings is contained in Note 44 of the Group’s consolidated financial statements.

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