Financial statements
Notes to the financial statements
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14 Investment portfolio
| Group 2007 Equity investments £m |
Group 2007 Loans and receivables £m |
Group 2007 Total £m |
|
|---|---|---|---|
| Opening book value | 2,773 | 1,366 | 4,139 |
| Additions | 920 | 656 | 1,576 |
| Disposals, repayments and write-offs | (957) | (651) | (1,608) |
| Revaluation | 374 | – | 374 |
| Provision and impairment of loans and receivables | – | (51) | (51) |
| Other movements | (6) | (62) | (68) |
| Closing book value | 3,104 | 1,258 | 4,362 |
| Quoted | 570 | – | 570 |
| Unquoted | 2,534 | 1,258 | 3,792 |
| Closing book value | 3,104 | 1,258 | 4,362 |
The holding period of 3i's investment portfolio is on average greater than one year. For this reason the Directors have classified the portfolio as non-current. It is not possible to identify with certainty investments that will be sold within one year.
Additions to loans and receivables includes £73 million (2006: £45 million) interest received by way of loan notes. A corresponding amount has been included in income from loans and receivables.
Other movements include foreign exchange and conversions from one instrument into another.
| Group 2006 Equity investments £m |
Group 2006 Loans and receivables £m |
Group 2006 Total £m |
|
|---|---|---|---|
| Opening book value | 2,917 | 1,400 | 4,317 |
| Additions | 464 | 646 | 1,110 |
| Disposals, repayments and write-offs | (1,001) | (630) | (1,631) |
| Revaluation | 341 | – | 341 |
| Provision and impairment of loans and receivables | – | (96) | (96) |
| Other movements | 52 | 46 | 98 |
| Closing book value | 2,773 | 1,366 | 4,139 |
| Quoted | 259 | – | 259 |
| Unquoted | 2,514 | 1,366 | 3,880 |
| Closing book value | 2,773 | 1,366 | 4,139 |