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29. Related
party transactions
In the year ended 31 March 2004, the
groups turnover with its associates and joint ventures amounted to £1
million (2003 £3 million, 2002 £15 million) and the
group purchased £60 million (2003 £69 million, 2002
£99 million) in services and products from these undertakings. Interest
for the year of £nil (2003 £nil, 2002 £1 million)
was receivable on debt due from these undertakings. The amount of debt outstanding
with these undertakings, at 31 March 2004, was £28 million (2003
£20 million). The maximum debt outstanding during the year was £43
million (2003 £92 million). As at the latest practicable date,
14 May 2004, the amount of debt outstanding was £28 million.
There
were a number of transactions during the year between the company and its subsidiary
undertakings, which are eliminated on consolidation and therefore not disclosed.
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