Notes to the Company financial statements
2. Fixed asset investments
| Shares in subsidiary undertakings £m |
Loan to subsidiary undertaking £m |
Total £m |
|
|---|---|---|---|
| At 31 March 2006 | 2,428 | – | 2,428 |
| Additions | 952 | 327 | 1,279 |
| At 31 March 2007 | 3,380 | 327 | 3,707 |
| Additions | 896 | – | 896 |
| Reclassification of loan as amounts owed by subsidiary undertakings | – | (327) | (327) |
| At 31 March 2008 | 4,276 | – | 4,276 |
During the year the Company acquired a further 500,000 ordinary shares of £1 each in National Grid (US) Holdings Limited for a total consideration of £878m.
The names of the principal subsidiary undertakings, joint ventures and associates are included in note 37 in the consolidated financial statements.
The Directors believe that the carrying value of the investments is supported by their underlying net assets.