Company notes to the financial statements
C5 Investments
A. Investments in Group undertakings
|
2009
£m |
2008
£m |
| Beginning of the year |
9,147.4 |
9,135.6 |
| Additional investment in subsidiary |
11.1 |
11.8 |
| End of year |
9,158.5 |
9,147.4 |
Shares in Group undertakings represent the Company’s investment in Marks and Spencer plc.
B. Principal subsidiary undertakings
The Company’s principal subsidiary undertakings are set out below. A schedule of interests in all undertakings is filed with the Annual Return.
|
|
|
Proportion of voting rights
and shares held by: |
|
Principal activity |
Country of incorporation and operation |
Company |
A subsidiary |
| Marks and Spencer plc |
Retailing |
Great Britain |
100% |
– |
| Marks and Spencer International Holdings Limited |
Holding Company |
Great Britain |
– |
100% |
| Marks and Spencer (Nederland) BV |
Holding Company |
The Netherlands |
– |
100% |
| Marks and Spencer Marinopoulos BV |
Holding Company |
The Netherlands |
– |
50% |
| Marks and Spencer Czech Republic a.s. |
Retailing |
Czech Republic |
– |
51% |
| Marks and Spencer (Ireland) Limited |
Retailing |
Republic of Ireland |
– |
100% |
| Marks and Spencer (Asia Pacific) Limited |
Retailing |
Hong Kong |
– |
100% |
| Marks and Spencer Simply Foods Limited |
Retailing |
Great Britain |
– |
100% |
| Marks and Spencer Marinopoulos Greece SA |
Retailing |
Greece |
– |
100% |
| M.S. Insurance L.P. |
Financial Services |
Guernsey |
– |
100% |
| Marks and Spencer Investments Limited |
Finance |
Great Britain |
– |
100% |
| St Michael Finance plc |
Finance |
Great Britain |
– |
100% |
| Marks and Spencer SCM Limited |
Procurement |
Great Britain |
– |
100% |
| Per Una Group Limited |
Procurement |
Great Britain |
– |
100% |
| Marks and Spencer Scottish Limited Partnership |
Property Investment |
Great Britain |
– |
–1 |
The Company has taken advantage of the exemption under section 231(5) of the Companies Act 1985 by providing information only in relation to subsidiary undertakings whose results or financial position, in the opinion of the directors, principally affected the financial statements.