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Notes to Financial Statements

10. ASSOCIATES AND OTHER INVESTMENTS 1997
US$m
1996
US$m
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Group share of attributable net assets:
- Listed investment: Kwik Save 208.5 209.2
- Other 121.0 127.6
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329.5 336.8
Goodwill on acquisition 3.1 3.4
Net amounts due to associates - (2.7)
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Associates 332.6 337.5
Other investments 0.4 0.9
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333.0 338.4
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Market value of listed investment 218.5 246.7
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Movements of goodwill on acquisition for the year:
Net book value at 1st January 3.4 4.6
Exchange rate adjustments (2.8) (0.3)
New associates 3.9 -
Amortisation (1.4) (0.9)
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Net book value at 31st December 3.1 3.4
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If the investment in Kwik Save had been realised at its market value, no taxation would have been payable.

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