| 13 FIXED ASSET INVESTMENTS
 |
 |
 |
 |
 |
|
Joint ventures
£m |
Associated undertakings
£m |
Other investments
£m |
Total
£m |
 |
| (a) Group |
|
|
|
|
| At 1 October 1998 |
13.6 |
14.1 |
9.4 |
37.1 |
| Disposals and conversion to a subsidiary |
(5.3) |
- |
(5.5) |
(10.8) |
| Purchase of investments |
67.5 |
12.2 |
12.9 |
92.6 |
| Loans |
31.0 |
(3.5) |
- |
27.5 |
| Reserve movements |
(0.4) |
(2.0) |
- |
(2.4) |
| Dividends received |
(0.3) |
(3.9) |
- |
(4.2) |
| Share of operating loss |
(74.2) |
(0.7) |
- |
(74.9) |
| Share of interest |
(0.3) |
0.1 |
- |
(0.2) |
| Share of tax |
- |
(2.7) |
- |
(2.7) |
| Exchange differences and other |
0.1 |
0.2 |
0.5 |
0.8 |
 |
| At 30 September 1999 |
31.7 |
13.8 |
17.3 |
62.8 |
 |
Other investments include listed investments with a market value of £11.6m (book value £12.3m) at 30 September 1999 (1998 - market value £5.5m, book value £5.8m). Included within other investments is an investment in 2,380,522 Carlton Ordinary Shares held within the ESOP. The shares are held to cover potential future vesting under employee share plans. At 30 September 1999 loans to joint ventures and associated undertakings were £41.8m (1998 - £14.3m). The Group's share of the undistributed post acquisition net retained deficits of its joint ventures and associated undertakings at 30 September 1999 was £71.2m (1998 - £3.2m share of retained reserves).
 |
 |
 |
 |
 |
 |
 |
|
Subsidiary undertakings
|
Joint ventures and Associated undertakings
 |
|
|
|
Equity
£m |
Loans
£m |
Equity
£m |
Loans
£m |
Other Investments
£m |
Total
£m |
 |
| (b) Company |
|
|
|
|
|
|
| Cost at 1 October 1998 |
3,038.3 |
941.5 |
74.3 |
3.5 |
- |
4,057.6 |
| Disposals and repayments |
(87.0) |
(175.7) |
- |
(0.8) |
- |
(263.5) |
| Additions |
191.4 |
269.3 |
63.3 |
34.9 |
10.0 |
568.9 |
 |
| At 30 September 1999 |
3,142.7 |
1,035.1 |
137.6 |
37.6 |
10.0 |
4,363.0 |
 |
| Provisions at 1 October 1998 |
374.7 |
- |
16.1 |
- |
- |
390.8 |
| Provided in the year |
210.8 |
- |
0.8 |
- |
- |
211.6 |
 |
| At 30 September 1999 |
585.5 |
- |
16.9 |
- |
- |
602.4 |
 |
| Net book value at 30 September 1999 |
2,557.2 |
1,035.1 |
120.7 |
37.6 |
10.0 |
3,760.6 |
 |
| Net book value at 30 September 1998 |
2,663.6 |
941.5 |
58.2 |
3.5 |
- |
3,666.8 |
 |
A list of Company's principal operating companies is given in note 36. |