Logo banner and utilities links

skip to navigation

navigation

skip to main content

National Grid

Annual Report and Accounts 2006/07

main content

Financial position and financial management

Related party transactions

We provide services to and receive services from related parties, principally joint ventures. In the year ended 31 March 2007, we charged £4 million and received charges of £26 million from related parties (other than Directors) compared with £4 million and £32 million in 2005/06 and £4 million and £24 million in 2004/05 respectively.

Further information relating to related party transactions is contained within note 34 to the accounts. Details on amounts paid to Directors is included within the Directors' remuneration report .