Coillte

11. Financial assets

A. Group

         
  Associated Undertakings Joint Venture Other
Investments
Total
€'000 €'000 €'000 €'000

Unlisted shares
       
At 1 January 2009 43 - 1,587 1,630
Revaluation of investments - - (153) (153)
Disposals        
Write off cost of investment (144) - - (144)
Share of associate losses (note 30) (50) - - (50)
At 31 December 2009 (151) - 1,434 1,283

 

B. Company

           
  Subsidiary
Undertaking
Associated Undertakings Joint Venture(ii) Other Investments Total
€'000 €'000 €'000 €'000 €'000
Unlisted shares          
At 1 January 2009 78,856 144 - 1,587 80,587
Revaluation of investments - - - (153) (153)
Impairment - (144) - - (144)
At 31 December 2009 78,856 - - 1,434 80,290
           
Loans, advances and trading balances          
At 1 January 2009 (15,673) - 6,164 - ( 9,509)
Movements 6,108 - 15,270 - 21,378
At 31 December 2009 (9,565) - 21,434 - 11,869
           
Net investment          
At 31 December 2009 69,291 - 21,434 1,434 92,159
At 31 December 2008 63,183 144 6,164 1,587 71,078


Notes:


(i) Other investments include the cost of forests, which were transferred to the  Irish Forestry Unit Trust in exchange for units in the fund. At 31 December 2009 the Group held 471,516 units which were readily realisable and were marked to market.

(ii) The shareholding in Garvagh Glebe Windpower Limited is a nominal amount of €1 and represents 50% of the issued share capital. The remaining share capital is owned by ESB Power Generation Holding Company Limited.

(iii) During 2009 the Group reviewed the carrying value of its investment in an  associated undertaking and as a result of this review an impairment provision of  €144,000 was made.