Financial statements
Notes to the financial statements
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28 Own shares
| 2007 £m |
2006 £m |
|
|---|---|---|
| Opening cost | 69 | 77 |
| Additions | 20 | – |
| Disposals | (14) | (8) |
| Closing cost | 75 | 69 |
Own shares consists of shares in 3i Group plc held by The 3i Group Employee Trust. The market value of these shares at 31 March 2007 was £124 million (2006: £104 million). The Trustee waived its right to receive dividends on the shares held by the Trust. The Trust is funded by an interest-free loan from 3i Group plc.