|
16 Investments
 |
| |
Unlisted
shares at cost
£million |
Post
acquisition results
£million |
Total
£million |
|
| Group |
|
|
|
|
| Associated undertakings |
|
|
|
|
| At 1 January
2000 |
1.6 |
0.2 |
1.8 |
|
| Retained profits |
- |
0.1 |
0.1 |
|
| Currency translation
differences |
0.1 |
- |
0.1 |
|
| At 31 December
2000 |
1.7 |
0.3 |
2.0 |
|
|
| |
Unlisted loans |
Unlisted
shares at cost |
Total |
| |
£million |
£million
|
£million |
|
| Company |
|
|
|
|
| Subsidiary undertakings |
|
|
|
|
| At 1 January
2000 |
- |
959.0 |
959.0 |
|
| Write down of
investment |
- |
(200.0) |
(200.0) |
|
| Additions |
759.0 |
0.1 |
759.1 |
|
| Disposals |
- |
(759.0) |
(759.0) |
|
| At 31 December
2000 |
759.0 |
0.1 |
759.1 |
|
The Company's investment in Elementis Holdings Limited was written down
following the waiver of £200.0 million of amounts owed by Elementis
Holdings Limited to the Company.
During the year, the Company's direct investment in Elementis Holdings
Limited, a wholly owned subsidiary, was sold to Elementis Group Limited,
an indirect wholly owned subsidiary, in exchange for unlisted loans of
£759.0 million.
The investment in unlisted shares is in Elementis Group BV, which is a
wholly owned subsidiary.
The directors' valuation of the unlisted investments of the Group and
the Company is not less than their carrying value.
17 Stocks
|
| |
Group |
| |
2000 |
1999 |
| |
£million |
£million |
|
| Raw materials and consumables |
13.7 |
15.9 |
|
| Work in progress |
6.7 |
7.1 |
|
| Finished goods and goods
purchased for resale |
56.3 |
48.6 |
|
| |
76.7 |
71.6 |
|
18 Debtors
|
| |
Group |
Company |
| |
2000 |
1999 |
2000 |
1999 |
| |
£million |
£million |
£million |
£million |
|
| Trade debtors |
86.4 |
80.6 |
- |
- |
|
| Corporate tax recoverable |
- |
0.3 |
1.6 |
1.1 |
|
| ACT recoverable |
1.2 |
3.6 |
- |
- |
|
| Other debtors |
15.2 |
16.0 |
- |
- |
|
| Prepayments and accrued
income |
6.4 |
4.4 |
- |
- |
|
| |
109.2 |
104.9 |
1.6 |
1.1 |
|
Other debtors for the Group include £1.2 million (1999: £0.4
million) falling due after more than one year.
19 Creditors: amounts falling
due within one year
|
| |
Group |
Company |
| |
2000 |
1999 |
2000 |
1999 |
| |
£million |
£million |
£million |
£million |
|
| Trade creditors |
59.7 |
49.7 |
- |
- |
|
| Amounts owed to subsidiary
undertakings |
- |
- |
1.1 |
- |
|
| Amounts owed to associated
undertakings |
0.6 |
2.1 |
- |
- |
|
| Corporate tax payable |
19.0 |
18.9 |
- |
- |
|
| Other taxes and social security |
0.9 |
0.9 |
0.2 |
- |
|
| Other creditors |
11.3 |
18.0 |
- |
- |
|
| Accruals and deferred income |
14.7 |
19.8 |
0.3 |
0.4 |
|
| |
106.2 |
109.4 |
1.6 |
0.4 |
|
Notes on the financial statements
continue on next page »
|
