REG - ITV PLC - Preliminary Results - year ended 31 December 2015 <Origin Href="QuoteRef">ITV.L</Origin> - Part 7
02/03/2016 07:12
- Part 7: For the preceding part double click ID:nRSB7134Qf
and parents within a group
· Disclosures required under IFRS 2 Share Based Payments in respect of group settled share based payments
· Disclosures required by IFRS 7 Financial Instrument: Disclosure
· Certain disclosures required under IFRS 13 Fair Value Measurement
· Disclosure of information in relation to new standards not yet applied
As permitted by section 408 (3) of the Companies Act 2006, a separate income statement dealing with the results of the
parent company has not been presented.
Subsidiaries
Subsidiaries are entities that are directly or indirectly controlled by the Company. Control exists where the Company has
the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. The
investment in the Company's subsidiaries is recorded at cost. Annual share-based payment compensation costs are recharged
to the subsidiaries through the profit and loss account.
Foreign currency transactions
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the
transaction. Foreign currency monetary assets and liabilities at the balance sheet date are translated into sterling at the
rate of exchange ruling at that date. Foreign exchange differences arising on translation are recognised in the profit and
loss account. Non-monetary assets and liabilities measured at historical cost are translated into sterling at the rate of
exchange on the date of the transaction.
Borrowings
Borrowings are recognised initially at fair value including directly attributable transaction costs, with subsequent
measurement at amortised cost using the effective interest rate method. The difference between initial fair value and the
redemption value is recorded in the profit and loss account over the period of the liability on an effective interest
basis.
Derivatives and other financial instruments
The Company uses a limited number of derivative financial instruments to hedge its exposure to fluctuations in interest and
other foreign exchange rates. The Company does not hold or issue derivative instruments for speculative purposes.
Derivative financial instruments are initially recognised at fair value and are subsequently remeasured at fair value with
the movement recorded in the profit and loss account within net financing costs, except where derivatives qualify for cash
flow hedge accounting. In this case, the effective portion of cash flow hedge is recognised in retained profits within
equity. The cumulative gain or loss is later
reclassified to the profit and loss account in the same period as the relevant hedged transaction is realised. Derivatives
with positive
fair values are recorded as assets and negative fair values as liabilities.
The fair value of foreign currency forward contracts is determined by using the difference between the contract exchange
rate and the quoted forward exchange rate at the balance sheet date.
The fair value of interest rate swaps is the estimated amount that the Company would receive or pay to terminate the swap
at the balance sheet date, taking into account current interest rates and the current creditworthiness of swap
counterparties.
Third-party valuations are used to fair value the Company's derivatives. The valuation techniques use inputs such as
interest rate yield curves and currency prices/yields, volatilities of underlying instruments and correlations between
inputs. For financial assets and liabilities classified at fair value through profit or loss the fair value change and
interest income/expense are not separated.
Deferred tax
The tax charge for the period is recognised in the income statement or directly in equity according to the accounting
treatment of the related transaction.
Deferred tax arises due to certain temporary differences between the carrying amount of assets and liabilities for
financial reporting purposes and those for taxation purposes. The amount of deferred tax provided is based on the expected
manner of realisation or settlement of the carrying amount of assets and liabilities. A deferred tax asset is recognised
only to the extent that it is probable that sufficient taxable profit will be available to utilise the temporary
difference. Recognition of deferred tax assets, therefore involves judgement regarding timing and level of future taxable
income.
Share-based compensation
The Company utilises share award schemes as part of its employee remuneration packages, and therefore operates a number of
share-based compensation schemes, namely the Deferred Share Award (DSA), Performance Share Plan (PSP), Long Term Incentive
Plan (LTIP) and Save As You Earn (SAYE) schemes.
A transaction will be classed as share-based compensation where the Company receives services from employees and pays for
these in shares or similar equity instruments. If the Company incurs a liability based on the price or value of the shares
then this will also fall under a share-based transaction.
The fair value of the equity instrument granted is measured at grant date and spread over the vesting period via a charge
to the income statement with a corresponding increase in equity. The fair value of the share options and awards is measured
using either market price at grant date or, for the Save As You Earn scheme (SAYE), a Black-Scholes model, taking into
account the terms and conditions of the individual scheme.
Vesting conditions are limited to service conditions and performance conditions. For performance-based schemes, the
relevant performance measures are projected to the end of the performance period in order to determine the number of
options expected to vest. The estimate is then used to determine the option fair value, discounted to present value. The
Company revises its estimates of the number of options that are expected to vest, including an estimate of forfeitures at
each reporting date. The impact of the revision to original estimates, if any, are recognised in the income statement, with
a corresponding adjustment to equity.
Exercises of share options granted to employees can be satisfied by market purchase or issue of new shares. No new shares
may be issued to satisfy exercises under the terms of the DSA. During the year all exercises were satisfied by using shares
purchased in the market and held in the ITV Employees' Benefit Trust.
The weighted average share price of share options exercised during the year was 16.65p (2014: 9.02p). The options
outstanding at the year end have an exercise price in the range of nil to 206.83p and a weighted average contractual life
of1 year (2014: 1 year).
Dividends
Dividends are recognised through equity on the earlier of their approval by the Company's shareholders or their payment.
ii Employees
Two (2014: two) Directors of ITV plc were employees of the Company during the year, both of whom remain at the year end.
The costs relating to these Directors are disclosed in the Remuneration Report.
iii Investments in subsidiaryundertakings
The balance at 31 December 2015 was £1,861 million (2014: £1,705 million).
During the year, the Company set up a subsidiary investment, ITV (Europe) Holdings BV for £146 million in exchange for 10
£1 ordinary shares. The Company also increased its investment in ITV Investments Limited by £5 million in exchange for 1 £1
ordinary share. The Company increased its investment in Carlton Communications Limited by £5 million in exchange for 1 £1
ordinary share.
iv Amounts owed (to)/from subsidiary undertakings
The Company operates an intra-group cash pool policy with certain 100% owned UK subsidiaries. The pool applies to bank
accounts where there is an unconditional right of set off and involves the daily closing cash position for participating
subsidiaries whether positive or negative, being cleared to £nil via daily bank transfers to/from ITV plc. These daily
transactions create a corresponding intercompany creditor or debtor
which can result in significant movements in amounts owed to and from subsidiary undertakings in the Company balance
sheet.
v Borrowings
Loans repayable in less than one year
In October 2015 the unsecured £78 million Eurobond matured, resulting in a net payment by the company of £76 million, after
settlement of the related outstanding interest rate swaps.
Loans repayable after more than one year
The unsecured £161 million Eurobond matures in January 2017 and has a coupon of 6.125%.
At various periods during the year the Company drew down on the Revolving Credit Facility ('RCF') to meet short-term
funding requirements. All short-term drawings were repaid by the end of the year. The maximum draw down of the RCF during
the year wasE500 million (£362 million) in April to fund the acquisition of Talpa Media. The maximum draw down on the RCF
during 2014 was£321 million to fund the 2014 acquisitions.
Loans repayable after more than one year
In September 2015 the Company issued a seven year E600 million Eurobond at a fixed coupon of 2.125% which will mature in
September 2022. The bond refinanced the 12 month bridge loan facility of E500 million that was used to repay the RCF, which
initially funded the purchase of Talpa Media in April.
vi Managing market risks: derivative financial instruments
What is the value of our derivative financial instruments?
Assets 2015 Liabilities2015
Current
Cash FlowHedges 3 (4)
Foreignexchangeforwardcontractsandswaps-fairvaluethroughprofitorloss 3 (2)
InterestRateSwaps-fairvaluethroughprofitorloss - -
Non-current
InterestRateSwaps-fairvaluethroughprofitorloss 9 (6)
15 (12)
Assets 2014 Liabilities2014
Current
Cash FlowHedges 2 (2)
Foreignexchangeforwardcontractsandswaps-fairvaluethroughprofitorloss 1 (1)
InterestRateSwaps-fairvaluethroughprofitorloss 11 (9)
Non-current
Cash FlowHedges 1 (1)
InterestRateSwaps-fairvaluethroughprofitorloss 16 (11)
31 (24)
The Company mainly employs three types of derivative financial instruments when managing its currency and interest rate
risk:
· Foreign exchange swap contracts are derivative instruments used to hedge income statement translation risk arising from
short term intercompany loans denominated in a foreign currency.
· Forward foreign exchange contracts are derivative instruments used to hedge transaction risk so they enable the sale or
purchase of foreign currency at a known fixed rate on an agreed future date.
· Interest rate swaps are derivative instruments that exchange a fixed rate of interest for a floating rate or vice-versa
or one type of floating interest rate for another and are used to manage interest rate risk.
Interest rate swaps
On issuing the 2017 Eurobond, the Company entered into a portfolio of fixed to floating interest rate swaps and then
subsequently overlaid a portfolio of floating to fixed interest rate swaps with the result that interest was 100% fixed on
these borrowings. The timing of entering into these swaps locked in an interest benefit for the Company, resulting in a net
mark-to-market gain on the portfolio.
Cash flow hedges
The Company applies hedge accounting for certain foreign currency firm commitments and highly probably cash flows where the
relevant cash flows are payable within the next two years. In order to fix the sterling cash outflows associated with the
commitments- which are mainly denominated in AUD or euros - the Company has taken out forward foreign exchange contracts
for the same foreign currency amount and maturity date as the expected foreign currency outflow. The amount recognised in
other comprehensive income during the period all relates to the effective portion of the revaluation loss associated with
these contracts. There was less than £1 million (2014: £nil) ineffectiveness taken to the income statement and £6 million
cumulative loss (2014: £nil) recycled to the income statement in the year.
Undiscounted financial liabilities
The Company is required to disclose the expected timings of cash outflows for each of its derivative financial liabilities.
The amounts disclosed in the table are the contractual undiscounted cash flows (including interest), so will not always
reconcile with the amounts disclosed on the statement of financial position.
At31December2015 Carryingvalue£m Total Contractual cashflows£m Less than1year£m Between 1 and 2years£m Between 2 and 5years£m Over 5years£m
Non-current andcurrent
Cash flowhedges
Inflow 3 136 102 34 - -
Outflow (4) (136) (102) (34) - -
Foreign exchange forward contractsand swaps-fairvaluethroughprofitorloss
Inflow 3 253 248 5 - -
Outflow (2) (252) (247) (5) - -
InterestRateSwaps-fairvaluethrough profit orloss
Inflow 9 22 9 13 - -
Outflow (6) (12) (6) (6) - -
3 11 4 7 - -
At 31 December2014 Carryingvalue£m TotalContractualcashflows£m Less than1year£m Between 1 and 2years£m Between 2 and 5years£m Over 5years£m
Non-current andcurrent
Cash FlowHedges
Inflow 3 174 100 74 - -
Outflow (3) (174) (100) (74) - -
Foreign exchange forward contractsand swaps-fairvaluethroughprofitorloss
Inflow 1 209 205 4 - -
Outflow (1) (209) (205) (4) - -
InterestRateSwaps-fairvaluethrough profit orloss
Inflow 27 47 26 8 13 -
Outflow (20) (27) (16) (5) (6) -
7 20 10 3 7 -
vii Share capital
Authorised2015 &2014£m Allotted,issued and fullypaid 2015 &2014£m
Authorised ordinary shares of 10 penceeach 8,000,000,000 800
Allotted,issuedandfullypaidordinarysharesof10penceeach 4,025,409,194 403
Total 800 403
The Company's ordinary shares give shareholders equal rights to vote, receive dividends and to the repayment of capital.
viii Equity
The retained earnings reserve includes profit after tax for the year of £671 million (2014: £44 million loss) which
includes dividends of£700 million from subsidiaries in 2015 (2014: £nil). The retained earnings reserves of £880 million
are all distributable.
The Directors of the Company propose a final dividend of 4.1p per share and a special dividend of 10.0p per share.
Other reserves of £36 million (2014: £36 million) relate to share-buy backs in prior periods.
ix Contingent liabilities
Under a Group registration, the Company is jointly and severally liable for VAT at 31 December 2015 of £59 million (31
December 2014: £58 million). The Company has guaranteed certain finance and operating lease obligations of subsidiary
undertakings.
There are contingent liabilities in respect of certain litigation and guarantees, broadcasting issues, and in respect of
warranties given in connection with certain disposals of businesses. None of these items are expected to have a material
effect on the Company's results or financial position.
Where the Company enters into financial guarantee contracts to guarantee the indebtedness of other companies within its
Group, the Company considers these to be insurance arrangements, and accounts for them as such. In this respect, the
Company treats the guarantee contract as a contingent liability until such time as it becomes probable that the Company
will be required to make a payment under the guarantee.
x Capital and other commitments
There are no capital commitments at 31 December 2015 (2014: none).
xi Related party transactions
Transactions with key management personnel
Key management consists of ITV plc Executive Directors.
Key management personnel compensation, on an accounting basis, is as follows:
2015£m 2014£m
Short-term employeebenefits 3 3
Share-based compensation 3 2
6 5
Total emoluments and gains on share options received by key management personnel in the year were:
2015£m 2014£m
Emoluments 3 3
Gains on exercise of shareoptions 3 2
Gainsonreleaseofrestrictedshareawards 3 3
9 8
xii Transition to FRS 101 Reduced Disclosure Framework
For all periods up to and including 31 December 2014, the Company prepared its financial statements in accordance with
previously extant United Kingdom generally accepted accounting practice (UK GAAP). These financial statements for the year
ended 31 December 2015, are the first the Company has prepared in accordance with Financial Reporting Standard 101 Reduced
Disclosure Framework (FRS101). Accordingly the Company has prepared these financial statements to comply with FRS101 for
periods beginning on or after 1 January 2014 and the significant accounting policies meeting those requirements are
described in the relevantnotes.
In preparing these financial statements, the Company has started from an opening balance sheet as at 1 January 2014, the
Company's date of transition to FRS101 and made those changes in accounting policies and other restatements required for
the first-time adoption of FRS101. As such this note explains the principal adjustments made by the Company in restating
its balance sheet as at 1 January 2014 prepared
under previously extant UK GAAP and its previously published UK GAAP financial statements for the year ended 31 December
2014.
On transition to FRS 101, the Company has applied the requirements of IFRS 1 first time adoption of International Financial
Reporting Standards.
Under FRS 101 deferred tax is recognised on temporary differences between the estimated future tax deductions for
share-based compensation and the related cumulative share-based compensation expense. To the extent that the estimated
future tax deductions exceed the cumulative expense, the excess deferred tax is recognised directly in equity.
Company Balance Sheet
Asoriginally reportedunderUK GAAPat1 January2014£m FRS101£m Restatedat 1 January2014£m Asoriginally reportedunderUK GAAPat31 December2014£m FRS101£m Restatedat 31 December2014£m
Non-currentassets
Investments in subsidiaryundertakings 1,648 - 1,648 1,705 - 1,705
Derivative financialinstruments 41 - 41 17 - 17
Deferred taxasset - 2 2 - 2 2
1,689 2 1,691 1,722 2 1,724
Current assets
Amounts owed by subsidiaryundertakings 1,280 - 1,280 1,441 - 1,441
Derivative financialinstruments 32 - 32 14 - 14
Otherreceivables 26 - 26 20 - 20
Cash at bank and cashequivalents 319 - 319 145 - 145
1,657 - 1,657 1,620 - 1,620
Currentliabilities
Borrowings (41) - (41) (78) - (78)
Amounts owed to subsidiaryundertakings (1,342) - (1,342) (1,795) - (1,795)
Accruals and deferredincome (22) - (22) (19) - (19)
Derivative financialinstruments (5) - (5) (12) - (12)
(1,410) - (1,410) (1,904) - (1,904)
Net current assets/(liabilities) 247 - 247 (284) - (284)
Total assets less currentliabilities 1,936 2 1,938 1,438 2 1,440
Non-currentliabilities
Borrowings (301) - (301) (161) - (161)
Derivative financialinstruments (27) - (27) (12) - (12)
(328) - (328) (173) - (173)
Net assets 1,608 2 1,610 1,265 2 1,267
Capital andreserves
Sharecapital 403 - 403 403 - 403
Sharepremium 174 - 174 174 - 174
Otherreserves 36 - 36 36 - 36
Retainedearnings 995 2 997 652 2 654
Totalequity 1,608 2 1,610 1,265 2 1,267
Subsidiary undertakings and investments
Principal subsidiary undertakings
The principal subsidiary undertakings of the Company at 31 December 2015, all of which are wholly owned (directly or
indirectly) and incorporated and registered where stated, are:
Name Countryofincorporationor establishment PrincipalActivities Interest %Holding
CarltonCommunicationsLimited(1) UnitedKingdom HoldingCompany Ordinary, RedeemablePreference 100
ITVBroadcastingLimited UnitedKingdom Broadcastoftelevisionprogrammes Ordinary 100
ITVConsumerLimited UnitedKingdom Developmentofplatforms,broadband,transactional andmobileservices Ordinary 100
ITVDigitalChannelsLimited UnitedKingdom Operationofdigitaltelevisionchannels Ordinary 100
ITVGlobalEntertainmentLimited UnitedKingdom Rightsownershipanddistributionoftelevision programmesandfilms Ordinary 100
ITVNetworkLimited UnitedKingdom Schedulingandcommissioningoftelevisionprogrammes Guarantee 100
ITVRightsLimited UnitedKingdom Rightsownership Ordinary 100
ITV ServicesLimited UnitedKingdom ProvisionofservicesforothercompanieswithintheGroup Ordinary, CumulativePreference 100
ITVStudiosLimited UnitedKingdom Productionoftelevisionprogrammes Ordinary 100
ITV2Limited UnitedKingdom Operationofdigitaltelevisionchannels Ordinary 100
SDNLimited UnitedKingdom OperationofFreeviewMultiplexA Ordinary 100
Talpa MediaB.V. Netherlands Productionoftelevisionprogrammes Ordinary 100
ITVStudios,Inc. UnitedStates Productionoftelevisionprogrammes Common 100
LeftfieldEntertainment,LLC UnitedStates Productionoftelevisionprogrammes Membership 100
Subsidiary undertakings
Name Country of incorporationor establishment Interest %Holding
12Yard(North)ProductionsLimited UnitedKingdom Ordinary 100
12 YardLimited UnitedKingdom Ordinary 100
12YardProductions(Investments)Limited UnitedKingdom Ordinary 100
12YardProductionsLimited UnitedKingdom Ordinary 100
A.C.E.(1988)Limited UnitedKingdom Ordinary 100
ActionTimeHoldings UnitedKingdom Ordinary 100
AngliaTelevision(Music)Limited UnitedKingdom Ordinary 100
AngliaTelevisionEntertainment UnitedKingdom Ordinary 100
Anglia TelevisionGroup UnitedKingdom Ordinary 100
Anglia TelevisionHoldings UnitedKingdom Ordinary 100
Anglia TelevisionLimited UnitedKingdom Ordinary 100
BigTalkInvestmentsLimited UnitedKingdom Ordinary 100
BigTalkJLLimited UnitedKingdom Ordinary 100
BigTalkPicturesLimited UnitedKingdom Ordinary 100
BigTalkProductionsLimited UnitedKingdom Ordinary 100
BroadStreetFilmsLimited UnitedKingdom Ordinary 100
CampaniaLimited UnitedKingdom Ordinary, Cumulative RedeemablePreference 100
CarbonMediaLimited UnitedKingdom Ordinary 100
CarltonActiveLimited UnitedKingdom Ordinary 100
CarltonBroadcastingHoldings UnitedKingdom Ordinary 100
CarltonBroadcastingLimited UnitedKingdom Ordinary 100
CarltonCinemaLimited UnitedKingdom Ordinary 100
CarltonContentHoldings Limited UnitedKingdom Ordinary 100
CarltonEntertainment UnitedKingdom Ordinary 100
CarltonFilmDistributorsLimited UnitedKingdom Ordinary 100
CarltonFilmsLimited UnitedKingdom Ordinary 100
CarltonFinanceLimited UnitedKingdom Ordinary 100
CarltonFoodNetworkLimited UnitedKingdom Ordinary 100
CarltonProductionsLimited UnitedKingdom Ordinary 100
CarltonProgrammesDevelopmentLimited UnitedKingdom Ordinary 100
CarltonScreenAdvertising(Holdings)Limited UnitedKingdom Ordinary 100
Carltonco103 UnitedKingdom Ordinary 100
Carltonco99Limited UnitedKingdom Ordinary 100
CarltoncoEighty-OneLimited UnitedKingdom Ordinary,Deferred 100
CarltoncoFiftyLimited UnitedKingdom Ordinary,Preference 100
CarltoncoFortyInvestments UnitedKingdom Ordinary 100
CarltoncoForty-FiveLimited UnitedKingdom Ordinary 100
CarltoncoNinety-Six UnitedKingdom Ordinary, Cumulative RedeemablePreference 100
Carltonco SeventeenLimited UnitedKingdom Ordinary 100
CastlefieldPropertiesLimited UnitedKingdom Ordinary 100
Cat'sontheRoofMediaLimited UnitedKingdom Ordinary 100
CentralProductionsLimited UnitedKingdom Ordinary 100
CentralTelevision Limited UnitedKingdom Ordinary 100
ChannelTelevisionHoldingsLimited UnitedKingdom Ordinary 100
CosgroveHallFilmsLimited UnitedKingdom Ordinary 100
DTVLimited UnitedKingdom Ordinary 100
ElectronicRentalsGroup UnitedKingdom Ordinary 100
EQPicturesLimited UnitedKingdom Ordinary 100
FilmLabNorthLimited UnitedKingdom Ordinary 100
FirstIndependentFilms UnitedKingdom Ordinary 100
GenesisFilmProductionsLimited UnitedKingdom Ordinary 100
GILLimited UnitedKingdom Ordinary 100
GranadaAVSolutionsLimited UnitedKingdom Ordinary 100
GranadaFilm UnitedKingdom Ordinary 100
GranadaFilmProductionsLimited UnitedKingdom Ordinary 100
GranadaGroupLimited UnitedKingdom Ordinary, Convertible Preference 100
GranadaLimited UnitedKingdom Ordinary 100
GranadaMediaGroupLimited UnitedKingdom Ordinary 100
GranadaMediaLimited UnitedKingdom Ordinary,Part Preference 100
GranadaNomineesLimited UnitedKingdom Ordinary 100
GranadaProductionsLimited UnitedKingdom Ordinary 100
GranadaProperties UnitedKingdom Ordinary 100
GranadaScreen(2005) Limited UnitedKingdom Ordinary 100
GranadaTelevisionInternational UnitedKingdom Ordinary 100
Granada TelevisionLimited UnitedKingdom Ordinary 100
GranadaTelevisionOverseasLimited UnitedKingdom Ordinary 100
GranadaTelevisionProductionsLimited UnitedKingdom Ordinary 100
GranadaUKRentalandRetailLimited UnitedKingdom Ordinary, Cumulative Preference 100
InteractiveTelephonyLimited UnitedKingdom Ordinary 100
InternationalTelevisionEnterprisesLondonLimited UnitedKingdom Ordinary, Redeemable Preference 100
ITCDistribution UnitedKingdom Ordinary 100
ITCEntertainmentGroupLimited UnitedKingdom Ordinary 100
ITCEntertainmentHoldingsLimited UnitedKingdom Ordinary 100
ITV(HC)Limited(1) UnitedKingdom Ordinary 100
ITV(Scotland)Limited UnitedKingdom Ordinary 100
ITVBeowulfLimited UnitedKingdom Ordinary 100
ITVBorderLimited UnitedKingdom Ordinary 100
ITVBreakfastBroadcastingLimited UnitedKingdom Ordinary 100
ITVBreakfastLimited UnitedKingdom Ordinary 100
ITVBreathlessLimited UnitedKingdom Ordinary 100
ITVCentralLimited UnitedKingdom Ordinary 100
ITVChannelsLimited UnitedKingdom Ordinary 100
ITVCillaLimited UnitedKingdom Ordinary 100
ITVCradleLimited UnitedKingdom Ordinary 100
ITVDigitalHoldingsLimited UnitedKingdom Ordinary 100
ITVGlobalContentLimited UnitedKingdom Ordinary 100
ITVHoldingsLimited UnitedKingdom Ordinary 100
ITVHomeFiresLimited UnitedKingdom Ordinary 100
ITVInternationalChannels(Asia)Limited UnitedKingdom Ordinary 100
ITVInvestmentsLimited(1) UnitedKingdom Ordinary 100
ITV J&HLimited UnitedKingdom Ordinary 100
ITVJerichoLimited UnitedKingdom Ordinary 100
ITV JRLimited UnitedKingdom Ordinary 100
ITVLewisLimited UnitedKingdom Ordinary 100
ITVLTVC(Scotland)Limited UnitedKingdom Ordinary 100
ITVLucanLimited UnitedKingdom Ordinary 100
ITVMeridianLimited UnitedKingdom Ordinary 100
ITVMoorsideLimited UnitedKingdom Ordinary 100
ITVMrSelfridgeLimited UnitedKingdom Ordinary 100
ITVNewco1Limited(1) UnitedKingdom Ordinary 100
ITVNewsChannelLimited UnitedKingdom Ordinary,Preference 100
ITV NPLimited UnitedKingdom Ordinary 100
ITVPensionSchemeLimited UnitedKingdom Ordinary,Deferred 100
ITVPlayLimited UnitedKingdom Ordinary 100
ITVProductionsLimited UnitedKingdom Ordinary 100
ITVProperties(Developments)Limited UnitedKingdom Ordinary 100
ITVShetlandLimited UnitedKingdom Ordinary 100
ITVSpiritLimited UnitedKingdom Ordinary 100
ITVSportChannelLimited UnitedKingdom Ordinary 100
ITVStudios(Israel)Limited UnitedKingdom Ordinary 100
ITVSupplementaryPensionSchemeLimited UnitedKingdom Ordinary 100
ITV TennisonLimited UnitedKingdom Ordinary 100
ITVTextSantaLimited UnitedKingdom Ordinary 100
ITVTFGHoldingsLimited UnitedKingdom Ordinary 100
ITVThunderbirdsLimited UnitedKingdom Ordinary 100
ITV TutLimited UnitedKingdom Ordinary 100
ITVVenturesLimited UnitedKingdom Ordinary 100
ITVWales&WestGroupLimited UnitedKingdom Ordinary 100
ITVWales&WestLimited UnitedKingdom Ordinary 100
ITVWorldwideLimited UnitedKingdom Ordinary 100
ITV3Limited UnitedKingdom Ordinary 100
ITV4Limited UnitedKingdom Ordinary 100
JuiceMusicUKLimited UnitedKingdom Ordinary 100
Leftfield(UK)Limited UnitedKingdom Ordinary 100
LinkElectronicsLimited UnitedKingdom Ordinary 100
LondonNewsNetwork UnitedKingdom Ordinary 100
LondonWeekendTelevisionLimited UnitedKingdom Ordinary, 100
LWT (Holdings)Limited UnitedKingdom Ordinary,Special Deferred 100
LWTProductionsLimited UnitedKingdom Ordinary 100
MammothScreen(AR)Limited UnitedKingdom Ordinary 100
MammothScreen(ATTWN)Limited UnitedKingdom Ordinary 100
MammothScreen(BOTD)Limited UnitedKingdom Ordinary 100
MammothScreen(Bouquet)Limited UnitedKingdom Ordinary 100
MammothScreen(BW)Limited UnitedKingdom Ordinary 100
MammothScreen(End2)Limited UnitedKingdom Ordinary 100
MammothScreen(End3)Limited UnitedKingdom Ordinary 100
MammothScreen(Falcon)Limited UnitedKingdom Ordinary 100
MammothScreen(Monroe)Limited UnitedKingdom Ordinary 100
MammothScreen(NE)Limited UnitedKingdom Ordinary 100
MammothScreen(NI)Limited UnitedKingdom Ordinary 100
MammothScreen(PE)Limited UnitedKingdom Ordinary 100
MammothScreen(Pol2)Limited UnitedKingdom Ordinary 100
MammothScreen(Poldark)Limited UnitedKingdom Ordinary 100
MammothScreen(QV)Limited UnitedKingdom Ordinary 100
MammothScreen(RM)Limited UnitedKingdom Ordinary 100
MammothScreen(WH)Limited UnitedKingdom Ordinary 100
MammothScreenLtd UnitedKingdom Ordinary 100
MeridianMusicServicesLimited UnitedKingdom Ordinary 100
MillbankStudios UnitedKingdom Ordinary 100
ModernLoveFilmsLimited UnitedKingdom Ordinary 100
MorningTVLimited UnitedKingdom Ordinary 100
MovingPictureCompanyFilmsLimited UnitedKingdom Ordinary 100
MusicServices UnitedKingdom Ordinary 100
NewProvidenceProductionsLimited UnitedKingdom Ordinary 100
PartridgeFilms UnitedKingdom Ordinary 100
PartridgeHoldings UnitedKingdom Ordinary 100
PartridgeProductions UnitedKingdom Ordinary 100
PickwickPackagingLimited UnitedKingdom Ordinary 100
Planet24 UnitedKingdom Ordinary 100
Planet24ProductionsLimited UnitedKingdom Ordinary 100
PlanetWildProductionsLimited UnitedKingdom Ordinary 100
Pro-Vision FacilitiesLimited UnitedKingdom Ordinary 100
RainbowMusicPublishingLimited UnitedKingdom Ordinary 100
SoTelevisionDevelopmentsLimited UnitedKingdom Ordinary 100
So TelevisionLimited UnitedKingdom Ordinary 100
SelecTVCable UnitedKingdom Ordinary 100
SightseersFilmLimited UnitedKingdom Ordinary 100
SignpostLimited UnitedKingdom Ordinary 100
SOM(ITV)Limited UnitedKingdom Ordinary 100
SurvivalAnglia UnitedKingdom Ordinary 100
Television MusicLimited UnitedKingdom Ordinary 100
TheCITVChannelLimited UnitedKingdom Ordinary 100
TheGardenProductionsLimited UnitedKingdom Ordinary 100
TheLondonStudiosLimited UnitedKingdom Ordinary 100
VODMember(ITVA)Limited UnitedKingdom Ordinary 100
VODMember(ITVB)Limited UnitedKingdom Ordinary 100
Tyne Tees TelevisionHoldings UnitedKingdom Ordinary 100
Tyne Tees TelevisionLimited UnitedKingdom Ordinary, Deferred Ordinary 100
UnitedBroadcasting&EntertainmentLimited UnitedKingdom
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