Notes to the financial statements

For the 52 weeks ended 1 March 2008

37. Principal subsidiary and associated undertakings

  Description Country of
incorporation
Percentage of
ordinary shares held
Home Retail Group (UK) Limited 1 Group holding company England 100
Argos Limited General merchandise retailing England 100
Argos Distributors (Ireland) Limited General merchandise retailing Republic of Ireland 100
Homebase Limited Home enhancement retailing England 100
Homebase House and Garden Centre Limited Home enhancement retailing Republic of Ireland 100
Hampden Group Limited Home enhancement retailing Northern Ireland 100
Home Retail Group Card Services Limited Financial services England 100
ARG Personal Loans Limited Financial services England 100
Argos Business Solutions Limited Financial services England 100
Home Retail Group Insurance Services Limited Financial services England 100
Home Retail Group (Hong Kong) Limited Product sourcing for the
Home Retail Group companies
Hong Kong 100
1 Held directly by the Parent Company

Details of interests in joint ventures and associated undertakings are given within note 18.