Investments in Group companies are valued at cost less accumulated impairment.
|Contributions to subsidiaries:|
|— Novation of derivative liability in respect of warrants issued by Ocado Limited||—||1.1|
|— Group share-based payments||6.1||5.0|
|Carrying value at end of period||488.7||482.6|
Investments represent investments in Group companies, Ocado Holdings Limited and Ocado Innovation Limited. For more information regarding the Company's investments see Note 5.1.
Subsidiaries are recharged for the amount recognised as share-based payments relating to awards to their employees. These are recognised as an increase in the investment in relevant subsidiaries in accordance with IFRS 2 "Share-based Payments".