International Public Partnership Ld Full Year -37-
March 26 2015 - 3:01AM
UK Regulatory
PPP Solutions (Long Bay) Partnership Australia 100
PPP Solutions (Showgrounds) Trust Australia 100
Strathclyde Limited Partnership UK 100
TH Schools Limited Partnership UK 100
TC Robin Rigg OFTO Limited UK 100
TC Barrow OFTO Limited UK 100
TC Gunfleet Sands OFTO Limited UK 100
TC Ormonde OFTO Limited UK 100
TC Lincs OFTO Limited UK 100
============================================ ======================= =============
The entities listed above in aggregate represent 85% (2013:
91.32%) of investments at fair value through profit or loss. The
remaining fair value is driven from joint ventures, associate
interests and minority stakes held by the Group.
22. Other Mandatory Disclosures continued
Consolidated subsidiaries
The principal subsidiary undertakings of the Company, all of
which have been included in these consolidated financial statements
are as follows:
Place of
incorporation Proportion
(or registration) of ownership
Name and operation interest %
========================================== =================== =============
International Public Partnerships Limited
Partnership UK 100
International Public Partnerships Lux
1 Sarl Lux 100
International Public Partnerships Lux
2 Sarl Lux 100
IPP Bond Limited UK 100
IPP Investments Limited Partnership UK 100
========================================== =================== =============
23. Service Concession Arrangements
The Group holds investments in 112 service concession
arrangements in the Accommodation, Custodial, Energy and Transport
sectors. The concessions typically require the construction and
operation of an asset during the concession period. The concession
may require the acquisition or replacement of an existing asset or
the construction of a new asset. The operation of the accommodation
based assets normally includes the provision of facilities
management services such as cleaning, catering, caretaking,
security, maintenance, and lifecycle. At the end of the concession
period the majority of the underlying concessions assets are
returned back to the concession provider.
The rights of both the concession provider and concession
operator are stated within the specific project documentation. The
standard rights of the provider to terminate the project include
poor performance and in the event of force majeure. The operator's
rights to terminate include the failure of the provider to make
payment under the agreement, a material breach of contract and
relevant changes of law which would render it impossible for the
operator to fulfil its obligations.
The table overleaf sets out the Group's investment in PFI
concessions that are recorded at fair value through profit or
loss.
No. Construction
Short description of Value(1)
Project of concession arrangements Start date End date years 'millions
================== =============================== ============= ============= ======== =============
Calderdale Design, construct, 31 August 17 March 26 GBP44.60
finance and provision 2004 2030
of facilities management
to five schools in
Calderdale, UK
================== =============================== ============= ============= ======== =============
Derby Schools Design, build, finance 13 February 12 February 26 GBP28.30
2 and provision of facilities 2006 2032
management services
to two secondary schools
in Derbyshire, UK
================== =============================== ============= ============= ======== =============
Northampton Design, construct 31 December 31 December 32 GBP191.30
Schools (being a mixture of 2005 2037
new build and refurbishment),
finance and provision
of facilities management
services in respect
of 30 existing schools
and 11 new build schools
in Northamptonshire,
UK
================== =============================== ============= ============= ======== =============
Derby Courts Design, construction, 04 June 2003 02 September 25 GBP21.30
financing and provision 2028
of facilities management
services to two courthouses
in Derbyshire, UK
================== =============================== ============= ============= ======== =============
Derby Schools Design, build, finance 28 March 28 March 26 GBP25.30
and provision of facilities 2003 2029
management services
to two secondary schools
in Derbyshire, UK
================== =============================== ============= ============= ======== =============
North Wales Design, construction, 01 March 08 December 24 GBP13.20
Police Authority financing and subsequent 2004 2028
supply of facilities
management services
to the North Wales
Police HQ, UK
================== =============================== ============= ============= ======== =============
St Thomas Design, construction, 28 March 28 March 25 GBP12.90
More School financing and provision 2003 2028
of facilities management
services to St Thomas
More School, UK
================== =============================== ============= ============= ======== =============
Tower Hamlets Design, construction 28 June 2002 27 August 25 GBP74.10
Schools (mix of new build 2027
and refurbishment)
and provision of facilities
management services
in respect of 27 schools
in Tower Hamlets,
UK
================== =============================== ============= ============= ======== =============
Norfolk Design, construct, 17 December 16 December 35 GBP22.50
finance and subsequent 2001 2036
provision of facilities
management services
of serviced accommodation
for a new HQ and ancillary
facilities to the
Norfolk Police Authority,
UK
================== =============================== ============= ============= ======== =============
Strathclyde Design, build, finance 17 October 16 October 25 GBP18.90
and provision of facilities 2001 2026
management services
to the Strathclyde
Police Training Centre,
UK
================== =============================== ============= ============= ======== =============
Hereford Design, construction, 03 March 05 March 22 GBP23.50
& Worcester financing and subsequent 2003 2025
operation of four
courthouses in Hereford
& Worcester, UK
================== =============================== ============= ============= ======== =============
Abingdon Design, construct, 25 March 09 March 30 GBP6.90
- Thames finance and provision 2000 2030
Valley Police of facilities management
to a police facility
including HQ, station
and training base
for Thames Valley
Police Authority,
UK
================== =============================== ============= ============= ======== =============
Maesteg Design, build, finance 29 July 2008 30 September 25 GBP17.60
and provision of facilities 2033
International Public Par... (LSE:INPP)
Historical Stock Chart
From Jun 2024 to Jul 2024
International Public Par... (LSE:INPP)
Historical Stock Chart
From Jul 2023 to Jul 2024