Notes to the consolidated financial statements - supplementary information
30. Related party transactions
The following information is provided in accordance with IAS 24 ‘Related Party Disclosures’, as being material transactions with related parties during the year. These transactions are with joint ventures and associates and a pension plan and were in the normal course of business and are summarised below:
| 2009 £m |
2008 £m |
2007 £m |
|||||
|---|---|---|---|---|---|---|---|
| Sales: Services supplied to a pension plan | 4 | 3 | 4 | ||||
Purchases: Services received from joint ventures and associates |
44 | 33 | 26 |
At 31 March 2009, there were amounts receivable and payable from and to related parties amounting to £nil (2008: £nil; 2007: £nil) and £6m (2008: £2m; 2007: £2m) respectively, which are due on normal commercial terms.
Details of investments in principal subsidiary undertakings, joint ventures and associates are disclosed in note 37 and information relating to pension fund arrangements is disclosed in notes 5 and 31. For details of Directors’ and key management remuneration, refer to note 3c and the auditable section of the Directors’ Remuneration Report.