Financial statements
Notes to the financial statements
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4 Fees receivable
| 2007 £m |
2006 £m |
|
|---|---|---|
| Fees receivable | 30 | 39 |
| Deal-related costs | (16) | (15) |
| 14 | 24 |
Fees receivable include fees arising from the ongoing management of the portfolio together with fees arising from making investments. Deal-related costs represent fees incurred in the process to acquire an investment.