Associates and joint venturesThe results of associates and joint ventures before specific items are shown below:
Our share of the post tax (loss) profit from associates and joint ventures was a loss of £11 million in 2008 (2007: £15 million profit, 2006: £16 million profit). Our most significant associate is Tech Mahindra Limited, which contributed £10 million of post tax loss in 2008 (2007: £21 million profit, 2006: £13 million profit). The loss in 2008 reflects their investment in the expansion of their global capabilities during the year. In 2006, the joint venture LG Telecom in Korea also contributed a profit of £7 million.
|