3. tangible fixed assets
As at 31st December 2012
Fixtures,
fittings and
Leasehold computer
improvements equipment total
£’000 £’000 £’000
cost
At 1st January 2012 49 91 140
Additions – 2 2
At 31st December 2012 49 93 142
Depreciation
At 1st January 2012 14 56 70
Charge for the year 10 23 33
At 31st December 2012 24 79 103
carrying amount
At 31st December 2012 25 14 39
At 1st January 2012 35 35 70
4. investments
2012 2011
£’000 £’000
Subsidiary undertakings 164,395 159,335
Other investments 11,769 195
Investments in joint ventures 1,432 1,422
177,596 160,952
Subsidiary undertakings:
Details of the subsidiaries held directly and indirectly by the Company are shown in note 33 to the Group Financial Statements.
2012 2011
£’000 £’000
Financial Statements
At 1st January 159,335 113,089
Additions 4,495 45,733
Adjustments for share-based payment 565 513
At 31st December 164,395 159,335
In 2012, an adjustment of £565,000 (2011: increase of £513,000) on investment in subsidiaries for the share-based payment, representing the
financial effects of awards by the Company of options over its equity shares to employees of subsidiary undertakings. The total contribution to date
is £3,332,000 (2011: £2,766,000).
other investments
2012 2011
£’000 £’000
At cost
At 1st January 195 195
Additions 897 –
Revaluation uplift 10,677 –
At 31st December 11,769 195
Other investments represent investment in equity shares of private Ltd companies.
In April 2012, the Group acquired a further 1.38% of Zoopla for £897,000. In August 2012, Zoopla merged with Digital Property Group (DPG), owner
of Findaproperty.com and Primelocation.com. As part of the merger, any warrants held in Zoopla were exercised so that the Group owned 4.81% of
the post-merger entity.
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