What is the Adjusted Equity attributable to Shareholders?
Under Adopted IFRS, the Companys interests in its two listed subsidiaries, MWB Business Exchange Plc and Liberty Plc, continue to be consolidated in the Group financial statements inclusive of their freehold and short leasehold properties at current valuation or cost. However, these property valuations reflect only the values of the properties themselves and the financial statements do not reflect the current market value of the Groups shareholdings in these two listed subsidiaries. The shares of both companies are quoted on the Alternative Investment Market of the London Stock Exchange and therefore a market value for the Groups shareholding in each of the two companies is readily available. The calculation of Equity attributable to shareholders of MWB Group Holdings Plc as a result of assessing these two investments by reference to their market value at 31 December 2008, is set out below.
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