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  • Independent auditors' report to the members of Schroders plc
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Notes to the accounts

for the year ended 31 December 2007

34. Minority interests

	2007			2006
	Non-equity minority interests £mn	Equity minority interests £mn	Total £mn	Non-equity minority interests £mn	Equity minority interests £mn	Total £mn
At 1 January	1.2	0.2	1.4	13.3	0.3	13.6
Exchange translation adjustments	-	-	-	(1.4)	-	(1.4)
Additions (see notes 40 and 41)	38.4	0.1	38.5	28.7	-	28.7
Disposals (see note 41)	(19.4)	-	(19.4)	(40.1)	-	(40.1)
Profit retained for the year	3.6	0.4	4.0	0.7	(0.1)	0.6
Distributions made	-	(0.2)	(0.2)	-	-	-
At 31 December	23.8	0.5	24.3	1.2	0.2	1.4

Non-equity minority interests arise when funds previously classified as non-current assets held for sale are consolidated (see notes 21, 25 and 41) and where the Group holds less than 100 per cent. of the investment in those funds.