30. INVESTMENTS          
           
  Shares in
subsidiary
undertakings
£’000		 Interest in
associated
undertakings
£’000		 Interest
in loan
notes
£’000		 Interest
in joint
ventures
£’000		 Total
restated
£’000
Cost          
At 1st January 2006 110,246 236 – 755 111,237
Restatement in respect of investment loan notes (refer note 1 (q)) – – 755 (755) –
As restated 1st January 2006 110,246 236 755 – 111,237
Transfer to joint ventures – (236) – 236 –
Investment in joint ventures – – – 214 214
Acquisition of shares 19,591 – – – 19,591
Disposal of shares (17,591) – – – (17,591)
At 31st December 2006 112,246 – 755 450 113,451
Amounts provided:          
At 1st January and 31st December 2006 (32,494) – – – (32,494)
Net book value at 31st December 2006 79,752 – 755 450 80,957
Net book value at 31st December 2005 77,752 236 – 755 78,743
           
Interest in loan notes represents £755,000 (2005: £755,000) invested in loan stock of Continental Estates Corporation BV. Continental Estates Corporation BV is incorporated and registered in The Netherlands. The company’s principal activity is currently as an investment holding company. Details of the Company’s equity investment in Continental Estates Corporation BV is set out in note 12(a) of the Group financial statements.

The interest in joint ventures, representing the Company's investment in Luneside East Limited and Wimbledon Phoenix Limited, is set out in note 12(b) of the Group financial statements.

The principal subsidiaries of the Company are set out in note 12 (d) of the Group financial statements.