Notes to the Consolidated Financial Statements: Note 20
For the Year Ended 31 December 2007
20. Joint Ventures
Informanews Iberia SA
On 23 October 2007 the Group acquired the remaining 50 per cent interest in Informanews Iberia SA to bring the holding to 100 per cent of the issued share capital. Included as equity accounted in the consolidated financial statements are the operating profits up to 23 October 2007 of £138,000 and then fully consolidated from that date (year ended 31 December 2006: £107,000).
Falconbury Limited
On 1 February 2007 the joint venture with Falconbury Limited was terminated. There were no operating profits included in the consolidated financial statements for the year ended 31 December 2007 (year ended 31 December 2006: £124,000).