The total value of ivestments of £1,854,142 comprises: subsidiary undertakings - £1,804,809; participating interests - £49,333. Investments are recorded at historical cost.
In the opinion of the directors the shares in the company’s subsidiaries are worth at least the amounts at
which they are stated in the balance sheet.
The principal undertakings in which the company's interest at the year end is 20% or more are as follows:
Subsidiary companies
ACS-APT Computer Systems Limited
Nature of business: Information technology and consultancy
Class of shares: Ordinary % Holding: 100
Kudrati Limited
Nature of business: Wholesalers of fresh fruits and vegetables
Class of shares: Ordinary % Holding: 100
Participating interests
Euro SA
Country of incorporation: Peru
Nature of business: Farming
Class of shares: Ordinary % Holding: 22.22