Page 61 - RFU Annual Report 2015/2016

Financial Statements
59

15. Investments continued

Capitalised
Subsiduary loans to Group Other
Parent undertakings undertakings investments Total
Cost or valuation £m £m £m £m

At 1 July 2015 86.2 9.7 0.1 96.0
Additions 0.9 2.5 - 3.4
Disposals - (1.2) - (1.2)

30June2016 87.1 11.0 0.1 98.2
At

Details of the investments in which the Group and the Parent company (unless indicated) hold 20% or more of the nominal
value of any class of share capital are as follows:
Country of % holding Status Year end Principal activities
incorporation of ordinary
shares
1) Twickenham Experience Limited Great Britain 60% Subsidiary 30 June Hospitality services
2) England Rugby Limited Great Britain 100% Subsidiary 30 June Elite rugby
3) England Rugby Travel Limited Great Britain 51% Subsidiary 30 June Sports travel agency
4) European Rugby Cup Limited Rep of Ireland 19% Investment 30 June Competition management
5) Rugby Reflink Limited Great Britain 60% Subsidiary 30 June Radio equipment
6) Sports Link (UK) Limited Great Britain 40% Associate 30 June Radio equipment
7) Rugby Football Foundation Great Britain n/a* Quasi-subsidiary 30 June Community rugby
8) Rugby Football Development Limited Great Britain 100% Subsidiary 30 June Community rugby
9) RFU Hotel Limited Great Britain 100% Subsidiary 30 June Hospitality services
10) RFU Health and Leisure Limited Great Britain 100% Subsidiary 30 June Health club
11) Rugby Sure Limited Isle of Man 100% Subsidiary 30 June Insurance
12) RFU Injured Players Foundation Great Britain n/a* Quasi-subsidiary 30 June Player welfare
13) Injured Players Foundation Trading Limited Great Britain 100% Subsidiary 30 June Player welfare
14) England Rugby 2015 Limited Great Britain 100% Subsidiary 30 June Hosting RWC 2015
15) Rugby Football Foundation Trading Limited Great Britain 100% Subsidiary 30 June Community rugby
16) Great Britain Rugby Sevens Limited Great Britain 33% Associate 30 June Operation of Olympic
Games Sevens rugby team
17) Rugby Football Union USA Incorporated USA 100% Subsidiary 30 June Holding Company
* As charities, neither Rugby Football Foundation (RFF) nor RFU Injured Players Foundation (IPF) has share capital. The
Rugby Football Union has control of these entities through representation on their Boards of Trustees and they are therefore
considered to be quasi-subsidiaries.

Annual Report 2015/16