Annual Report and Accounts 2007

Financial Statements

Notes to the consolidated accounts

34. Net asset value attributable to unit holders

The movements in the value of third-party interests in open-ended investment companies and unit trusts that are consolidated by the Group are as follows:

  2007
£m
2006
£m
At 1 January 941 751
Share of total return in the period 42 131
Share of distributions in period (19) (17)
Amount received on issue of shares 389 297
Amount paid on cancellation of shares (444) (429)
Acquired upon funds coming into scope (i) - 208
Disposed upon funds going out of scope (i) - -
At 31 December 909 941
  1. Third party interests in F&C managed funds which were either consolidated by the Group for the first time at 31 December 2007 or deconsolidated in 2007, as the Group holding was above 50% or below 50% respectively at 31 December 2007.