Notes to the consolidated financial statements

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£m

At 31 March 2009

39

Additions

3

Fair value loss

(10)

At 31 March 2010

32

Additions

5

Disposal of businesses

(1)

Fair value gain

1

Exchange

(1)

At 31 March 2011

36

Presented in the statement of financial position as follows:

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31 March

 

Notes

2011
£m

2010
£m

Non-current available-for-sale financial assets

 

19

14

Current assets held for sale

38

17

18

Total

 

36

32

Available-for-sale financial assets primarily comprise £36 million (2010 – £32 million) of unlisted securities. The fair values of non-current available-for-sale financial assets are approximated at cost where fair value can not be reliably measured. The fair values of current assets held for sale are based on management’s valuation of expected proceeds based on a signed share sale agreement.

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

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31 March

 

2011
£m

2010
£m

Saudi riyal (note a)

14

15

US dollar (note b)

12

9

Sterling

8

6

Euro

2

2

Total

36

32

  1. (a) Saudi riyal comprises £14 million (2010 – £15 million) of assets classified as held for sale in current assets.
  2. (b) US dollar includes £3 million (2010 – £3 million) of assets classified as held for sale in current assets.