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3. Fixed asset investments

  2008
£m
2007
£m
At 1 January 3,565 3,559
Additions 2 6
At 31 December 3,567 3,565

The addition in 2008 and 2007 represents the increase in the investment in subsidiaries attributable to the recognition of the share-based payment arrangements over the Company’s shares. Principal subsidiary and joint venture companies, the investments in which are held through intermediate holding companies, are shown on the Principal Subsidiaries and Joint Ventures page.