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ELN » Topics » h Other current assets at 31 December:

This excerpt taken from the ELN 6-K filed Mar 30, 2009.
h Other current assets at 31 December:
 
                 
    2008
 		    2007
 		 
    $m     $m  
 
 
Other current assets—due from group undertakings
    2,444.8       2,441.0  
 
As part of its normal operating activities, the parent company enters into transactions with other group undertakings. This includes the provision of financing in the form of loans, in addition to trading activities such as the provision of goods or services to group companies. Loans provided to group undertakings are repayable on demand. As a result, no discounting is applied to these balances and they are carried at cost less any impairments.
 
This excerpt taken from the ELN 6-K filed Mar 31, 2008.
k Other current assets at 31 December:
 
                 
    2007
 		    2006
 		 
    $m     $m  
 
 
Due from group undertakings
    2,441.0       1,128.8  
Derivative fair value
    —       2.3  
Other assets
    —       0.2  
                 
Other current assets
    2,441.0       1,131.3  
                 
 
As part of our normal operating activities, we enter into transactions with other group undertakings. This includes the provision of financing in the form of loans, in addition to trading activities such as the provision of goods or services to group companies. Loans provided to group undertakings are repayable on demand. As a result, no discounting is applied to these balances and they are carried at cost less any impairments.
 

EXCERPTS ON THIS PAGE:

6-K
Mar 30, 2009
6-K
Mar 31, 2008

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