Notes to the consolidated financial statements for the year ended 31 December 2016 (continued)
15 Investments in subsidiary undertakings - Company
Cost
£’000
At 1 January 2016 and 31 December 2016 Impairment At 1 January 2016 and 31 December 2016
93,914
65,305
Net book value At 31 December 2016 At 31 December 2015
28,609 28,609
The directors consider that the value of the investments to be supported by underlying assets, projections and prospects for the business.
At 31 December 2016, the company had a majority shareholding in the following entities:
Undertaking
Country
Activity
Proportion of shares held (%)
of incorporation
PostNL UK Limited
UK *
Holding Company
100
* Registered office at Meridian House, Fieldhouse Lane, Marlow, Buckinghamshire, SL7 1TB.
16 Debtors
Group
Company
2016
2016
2015
2015
£’000
£’000
£’000
£’000
63,526 2,970
- -
Trade debtors
66,375 4,329
- -
Deferred Tax (note 18)
43
103
Corporation tax receivable
235
56
10,445 76,984
-
Prepayments and accrued income
9,946 80,885
-
103
56
An impairment loss of £650,000 (2015: £646,000) was recognised against trade debtors.
Details of the company’s exposure to credit risk are given in the Strategic Report.
44
Financials | Whistl Annual Report 2016
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