Annual Reports Keepmoat Homes Annual Report 2018 | Page 75

Notes to the Company financial statements
Keepmoat.com
33 – Investments in subsidiaries
2018 2017
£’000 £’000
23,629 2,877
2,256 20,752
25,885 23,629
Cost and net book value
At 1 April
Acquisition of subsidiary (note 24)
At 31 March
On 10 January 2017 the Company completed the acquisition of MCI Developments Limited (see note 24 to the consolidated
financial statements) for total consideration of £20,752,000. On 31 March 201