15 Equity investments

Company — investments in subsidiaries


£000
Cost
Balance at 1 April 2010 and 31 March 2011 35,959
Additions 5,477
Balance at 1 April 2011 and 31 March 2012 41,436
Provision
Balance at 1 April 2010 14,085
Reversal of impairment (6,200)
Balance at 31 March 2011 and 31 March 2012 7,885
Net book value
At 1 April 2010 21,874
At 31 March 2011 28,074
At 31 March 2012 33,551

During 2012, £5.48 million was invested in Trifast Overseas Holding Ltd, which passed the funds ultimately down to TR Asia Investment Holdings Pte Ltd to acquire PSEP.

Following the improved performance of TR Fastenings Ltd (UK), the investment impairment of £6.20 million that was made in 2009 was reversed in 2011.

Details of principal subsidiary and associate undertakings, country of registration and principal activity are included on page 110.

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