RNS Interim Results23 Oct 2020 13:10
1. Net intercompany balances were £1,147m for AA Intermediate Co and £nil for AA plc as all non-trading balances were eliminated in AA plc as part of the 2013 financing transaction;
2. Cash balances, which were £65m higher for AA plc than for AA Intermediate Co as £38m of restricted cash was held at AA plc level for the AA plc group's Insurance Underwriting activities and £27m of available cash was held which can be used for the working capital of the Insurance Underwriting activities and other strategic requirements;