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The results of associates and joint ventures before specific items are shown below:
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2006
£m |
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2005
£m |
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Share of post tax profit (loss) of associates and joint ventures |
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16 |
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(14 |
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The group’s share of post tax profits (losses) from associates and joint ventures, before specific items, was a profit of £16 million in the 2006 financial year. This compares to a loss of £14 million in the 2005 financial year.
The principal contributors to profit before taxation in the 2006 financial year were LG Telecom in Korea of £7 million (2005: £6 million) and Tech Mahindra Limited of £13 million (2005: £6 million). In the 2005 financial year Albacom in Italy also contributed a loss of £22 million prior to becoming a
subsidiary.
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