© Rolls-Royce Group plc 2004
Legal information
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| 12 Investments – joint ventures | ||||
| Shares at cost £m |
Share of post acquisition reserves £m |
Loans £m |
Total £m |
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| At January 1, 2003 | 126 | 64 | 5 | 1951 |
| Exchange adjustments | (4) | (3) | (1) | (8) |
| Additions | 6 | — | 2 | 8 |
| Share of retained profit | — | 7 | — | 7 |
| At December 31, 2003 | 128 | 68 | 6 | 2021 |
See principal joint ventures. |
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1Investments in joint ventures are represented by: |
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| 2003 £m |
2002 £m |
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| Share of aggregate assets: | ||||
| Fixed |
676 | 710 | ||
| Current |
437 | 450 | ||
| Share of aggregate liabilities: 2 | ||||
| Due within one year |
(367) | (391) | ||
| Due after one year |
(549) | (580) | ||
| Goodwill | 5 | 6 | ||
| 202 | 195 | |||
2Includes borrowings of |
(520) | (616) | ||