Notes to the financial statements

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	As at 31 March 2009 £m	As at 31 March 2008 £m
Cost
As at 1 April	41	35
Additions	3	1
Share of profit for the year	9	5
Dividends received	(4)	(4)
Liquidated in year	(3)	–
Exchange adjustments	(2)	2
As at 31 March – as previously reported	44	39
Prior year adjustment (note 1(a))	–	2
As at 31 March – as restated (note 1(a))	44	41
Amortisation and impairment
As at 1 April	7	5
Amortisation charge for the year	2	2
Liquidated in year	(3)	–
As at 31 March	6	7
Net book value
As at 31 March – as previously reported	–	32
As at 31 March – as restated (note 1(a))	38	34

Hedgemap LLP, a former associate of the Group, was liquidated in the year. This investment had been fully written down in earlier years.

The Group’s share of associates’ assets, liabilities and profit is given below:

	As at 31 March 2009 £m	As at 31 March 2008 £m
Assets	3,062	2,976
Liabilities	(3,047)	(2,965)
Net assets	15	11
Goodwill and intangible assets arising on consolidation – as restated (note 1(a))	23	23
Net investment in associates – as restated (note 1(a))	38	34

	Year ended 31 March 2009 £m	Year ended 31 March 2008 £m
Revenue	36	23
Operating expenses	(26)	(17)
Operating profit	10	6
Net finance income	1	–
Profit before tax	11	6
Tax	(4)	(3)
Share of profit of associates after tax	7	3

Details of the Group’s associates are listed in note 35.

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