Notes to the financial statements
13 Investments
Group
During the year ended 31 March 2013, the Group acquired 7% of the share capital of HIECO Limited for a consideration of £0.3 million.
|
Company |
Share grants awarded in subsidiaries £m |
Shares in subsidiary undertakings £m |
Total £m |
|||
|---|---|---|---|---|---|---|
|
Cost |
||||||
|
At 1 April 2012 |
11.4 |
468.1 |
479.5 |
|||
|
Share based payment charge in subsidiary companies |
1.4 |
– |
1.4 |
|||
|
At 31 March 2013 |
12.8 |
468.1 |
480.9 |
|||
|
Share based payment charge in subsidiary companies |
1.2 |
– |
1.2 |
|||
|
At 31 March 2014 |
14.0 |
468.1 |
482.1 |
Share grants awarded in subsidiaries represent the cumulative cost of the Company’s grant of equity instruments, under share based payment awards, to employees of subsidiary undertakings.
At 31 March 2014 the principal subsidiary undertakings and other associates were:
|
Business |
Percentage of ordinary share capital held |
|||
|---|---|---|---|---|
|
Subsidiary undertakings and associates: |
||||
|
Dairy Crest Limited |
Manufacture of dairy products |
100% |
||
|
Philpot Dairy Products Limited* |
Trading in dairy products |
100% |
||
|
FoodTec UK Limited* |
Manufacture and trading in dairy products and ingredients |
100% |
||
|
Morehands Limited* |
Manufacture of cooking oils |
100% |
||
|
Wexford Creamery Limited |
Manufacture of dairy products |
30% |
* Investments are held by Dairy Crest Limited
The principal place of operation and country of incorporation of all subsidiary undertakings and associates is England and Wales except for Wexford Creamery Limited which is in the Republic of Ireland.