_____________ Subsidiary undertakings During the year, the Company acquired Inimex Genetics Limited. The Company has investments in the following subsidiary undertakings, which principally affected the profit or net assets of the Group. Name Country of Holding Activity incorporation National Livestock Records Limited England and 100% Services to the red meat ordinary industry National Milk Laboratories Limited Scotland 100% Management information to ordinary the milk buying industry Nordic Star Limited England and Wales 100% Dormant ordinary Inimex Genetics Limited England and Wales 100% Purchase and sale of bull ordinary semen NATIONAL MILK RECORDS PLC TO THE FINANCIAL STATEMENTS Year ended 31 March 2015 12. FIXED ASSET INVESTMENTS (continued) All subsidiary undertakings are held directly by National Milk Records Plc, except for Nordic Star Limited which is held through National Livestock Records Limited. Joint ventures The Company has a participating interest in the following undertakings, and the Group recognises them on an equity accounting basis. Name Country of Holding Activity incorporation Independent Milk Laboratories Ireland 50% Management information to Limited ordinary the milk buying industry Genimex Holding BV The Netherlands 50% Bull provision ordinary Independent Milk Laboratories Limited and Genimex Holding BV prepare their accounts to 31 December. Their most recent financial statements cover the year ended 31 December 2014. STOCKS Group Group Company Company 2015 2014 2015 2014 £’000 £’000 £’000 £’000 Consumables 181 134 - - Genetics Stock 226 - - - for resale 90 110 83 101 _____________ 497 244 83 101 _____________ There is no material difference between the balance sheet value of stocks and their replacement cost.
_____________ Subsidiary undertakings During the year, the Company acquired Inimex Genetics Limited. The Company has investments in the following subsidiary undertakings, which principally affected the profit or net assets of the Group. Name Country of incorporation Holding Activity National Livestock Records Limited England and 100% ordinary Services to the red meat industry National Milk Laboratories Limited Scotland 100% ordinary Management information to the milk buying industry Nordic Star Limited England and Wales 100% ordinary Dormant Inimex Genetics Limited England and Wales 100% ordinary Purchase and sale of bull semen NATIONAL MILK RECORDS PLC TO THE FINANCIAL STATEMENTS Year ended 31 March 2015 12. FIXED ASSET INVESTMENTS (continued) All subsidiary undertakings are held directly by National Milk Records Plc, except for Nordic Star Limited which is held through National Livestock Records Limited. Joint ventures The Company has a participating interest in the following undertakings, and the Group recognises them on an equity accounting basis. Name Country of incorporation Holding Activity Independent Milk Laboratories Limited Ireland 50% ordinary Management information to the milk buying industry Genimex Holding BV The Netherlands 50% Bull provision ordinary Independent Milk Laboratories Limited and Genimex Holding BV prepare their accounts to 31 December. Their most recent financial statements cover the year ended 31 December 2014. STOCKS Group Group Company Company 2015 2014 2015 2014 £’000 £’000 £’000 £’000 Consumables 181 134 - - Genetics Stock 226 - - - for resale 90 110 83 101 _____________ 497 244 83 101 _____________ There is no material difference between the balance sheet value of stocks and their replacement cost.
National%20Milk%20Records%20Plc%20-%20Accounts%202015%20draft%20v18(1).docx