Finance
Last updated: 8 july, 2009 - 12:00 GMT
6. Investments
| BBC World Service holds the following interests in companies, at cost: | Holding of issued ordinary shares % |
|---|---|
| Subsidiaries | |
| BBC Croatia d.o.o. (incorporated in Croatia) | 100 |
| BBC do Brasil Limitada (incorporated in Brazil) | 100 |
| BBC East Asia Relay Company Limited (incorporated in Hong Kong) | 100 |
| BBC Kiev LLC (incorporated in Ukraine) | 100 |
| BBC Morocco SA (incorporated in Morocco) | 100 |
| BBC Pakistan Private Limited (incorporated in Pakistan) | 100 |
| BBC R (incorporated in Russia) | 100 |
| BBC Radiocom (Bulgaria) EOOD (incorporated in Bulgaria) | 100 |
| BBC Radiocom (Praha) s.r.o. (incorporated in the Czech Republic) | 100 |
| BBC Radiocom (Romania) SRL (incorporated in Romania) | 100 |
| BBC Radiocom Deutschland GmbH (incorporated in Germany) | 100 |
| BBC Ukraine LLC (incorporated in Ukraine) | 100 |
| BBC World Service Hong Kong Limited (incorporated in Hong Kong) | 100 |
| BBC World Service India Private Limited (incorporated in India) | 100 |
| BBC World Service Trust * | |
| Associates | |
| Aerial Radio Musorszoro KFT (incorporated in Hungary) | 50 |
| Multimedia Ventures Limited (incorporated in Great Britain) | 50 |
| * The BBC World Service Trust is a charitable company limited by guarantee, of which the BBC is the sole member. | |
Although BBC World Service is technically the parent of the BBC World Service Trust, it is exempt from consolidation. This is because the trustees have a fiduciary duty to act in the best interests of the beneficiaries and as substantially all of the income is made up of grants, which are classified as restricted funds because their use is specified by donors, BBC World Service has no direct control over, or financial interest in, the assets.
The results and balances of the other companies listed above are presented in the consolidated financial statements and the notes to these financial statements.
Annual review 2008/09
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