Notes to the consolidated financial statements

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£m

At 31 March 2008

15

Additions

6

Disposals

(6)

Fair value gains

24

At 31 March 2009

39

Additions

3

Fair value loss

(10)

At 31 March 2010

32

Presented in the statement of financial position as follows:

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31 March

 

2010
£m

2009
£m

Non-current available-for-sale financial assets

14

11

Current assets held for sale

18

28

Total

32

39

Available-for-sale financial assets primarily comprise £32 million (2009 – £39 million) of unlisted securities. The fair values of non-current available-for-sale financial assets are approximated at cost. Hence, value is adjusted only for permanent impairment and for no other movement. The fair values of current assets held for sale are based on management’s valuation of expected proceeds.

The carrying value of the available-for-sale financial assets are denominated in the following currencies:

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31 March

 

2010
£m

2009
£m

Saudi riyal (note a)

15

23

US dollar (note b)

9

9

Sterling

6

5

Euro

2

2

Total

32

39

  1. (a) Saudi riyal comprises £15 million (2009 – £23 million) of assets classified as held for sale in current assets.
  2. (b) US dollar comprises £3 million (2009 – £5 million) of assets classified as held for sale in current assets.