• Home
• Add / View Print Basket
• Downloads

• Business Overview
• Operating and Financial Review
• Corporate Governance
• Directors' Reports
• Financial Statements
• Shareholder Information

Annual Report
and Accounts
2008/09

• Introduction
• At a glance
• About National Grid
• Performance summary:
  Key performance indicators
• Performance summary: Achievements and other performance measures
• Performance against our objectives
• Risks and opportunities
• Financial performance
• Transmission
• Gas Distribution
• Electricity Distribution
  & Generation
• Non-regulated businesses and other
• Discontinued operations
• Financial position and financial management
  • Going concern
  • Financial position
  • Commodity contracts
  • Commitments and contingencies
  • Related party transactions
  • Retirement arrangements
• Accounting policies

Related party transactions

We provide services to and receive services from related parties, principally joint ventures. In the year ended 31 March 2009, we charged £4 million and received charges of £44 million from related parties (other than Directors) compared with £3 million and £33 million in 2007/08 and £4 million and £26 million in 2006/07 respectively.

Further information relating to related party transactions is contained within note 30 to the consolidated financial statements. Details on amounts paid to Directors are included within the Directors’ Remuneration Report.