7. Investments

(a) Fixed asset investments

	Shares in subsidiary undertakings £m
Cost
1 January 2008	372.1
Additions	132.7
Reductions	(15.8)
Transfers to subsidiary undertakings	(15.2)
31 December 2008	473.8

During the year the Company completed an intragroup transfer as follows: it disposed of Mission Testing Limited to Capita Holdings Limited at net book value and was settled by cash for a consideration of £15.2m.

During the year the Company increased its investment in Capita Life & Pensions Regulated Services Limited by making a capital contribution of £20.0m. In addition the Company increased its investment in Capita Retail Financial Services Limited (formerly Capita Life & Pensions (Regulated) Limited) by making a capital contribution of £8.0m.

During the year the Company reduced its investment in Capita Wealth & Distribution Services Limited by £15.0m and reduced its investment in Capita Hartshead Solutions Limited by £0.8m. Both of these subsidiaries are wholly owned.

The Company made the following acquisitions during the year for a combined consideration of £104.7m: ComputerLand UK Limited (formerly ComputerLand UK PLC) and IBS OPENSystems Limited (formerly IBS OPENSystems plc).

Principal investments	Country of registration and operation	Proportion of nominal value of issued shares held by the company	Description of shares held
Capita Holdings Limited	England	100%	Ordinary £1 shares
Capita Business Services Limited*	England	100%	Ordinary 1p shares
Capita Trust Company Limited	England	100%	Ordinary £1 shares
Capita Commercial Services Limited*	England	100%	Ordinary £1 shares
BDML Connect Limited*	England	100%	Ordinary £1 shares
Capita Registrars Limited* (formerly Capita IRG Plc)	England	100%	Ordinary £1 shares
Capita Resourcing Limited*	England	100%	Ordinary £1 shares
Capita Symonds Limited*	England	100%	Ordinary £1 shares
Capita Life & Pensions Limited	England	100%	Ordinary £1 shares
Capita Life & Pensions Regulated Services Limited	England	100%	Ordinary £1 shares
Evolvi Rail Systems Limited	England	100%	Ordinary £1 shares
Service Birmingham Limited*	England	100%	Ordinary £1 shares
ComputerLand UK Limited	England	100%	Ordinary £0.02 shares
IBS OPENSystems (UK) Limited	England	100%	Ordinary £1 shares

*Indirectly held

The activities of The Capita Group Plc undertakings are given in the Principal Group investments page.

(b) Trade investments

	£m
At 1 January 2008 and 31 December 2008	0.1