Notes to the financial statements

for the year ended 31 March 2012

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17 Investments

Consolidated Unlisted
Shares in
At 1 April 2010 2,744 16 2,760
Share of net profit for the year 11 11
At 31 March 2011 2,744 27 2,771
Share of net (loss) for the year (15) (15)
At 31 March 2012 2,744 12 2,756
Amounts written off
At 31 March 2011 and 31 March 2012 1,706 1,706
Net book value
At 31 March 2012 1,038 12 1,050
At 31 March 2011 1,038 27 1,065

Parent company Shares in
At 31 March 2011 and 2012 494,511
Amounts written off
At 31 March 2011 and 2012 50
Net book value
At 31 March 2011 and 31 March 2012 494,461

Subsidiary undertakings (as at 31 March 2012)

The shares in subsidiary undertakings are held in KCH (Holdings) Limited, an intermediary holding company registered in England. Details of the principal trading subsidiaries of the Group are listed below. A full list will be appended to the Company’s next Annual Return. All of the following companies are indirectly 100% owned by the Company via KCH (Holdings) Limited and are all registered in England.

Name of company Business activity
Kingston Communications Limited Telecommunications services
Affiniti Integrated Solutions Ltd Operation of telecommunications infrastructure
Kingston Information Services Limited Publication of telephone directories
KC Contact Centres Limited Provision of call centre services
Smart421 Limited Software consultancy

All subsidiary undertakings are included in the consolidation of the Group.


The Group’s associate is Smartintegrator Technology Limited, in which the Company indirectly holds 50% of the ordinary shares. Under an agreement between the shareholders of Smartintegrator Technology Limited, neither the Group nor the shareholders are able to exercise control over the operational and financial policies of Smartintegrator Technology Limited. The associate is registered in England and its main business activity is software development.

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