|
| |
|
| 26. |
Related party transactions |
In the year ended 31 March 2005, the group’s turnover with its associates and joint ventures amounted to
£nil (2004 – £1 million, 2003 – £3 million) and the group purchased £7 million (2004 – £60 million, 2003 –
£69 million) in services and products from these undertakings. The amount of debt
outstanding with these undertakings, at 31 March 2005, was £6 million (2004 – £28 million). The maximum debt outstanding during the year was
£40 million (2004 – £43 million). As at the latest practicable date, 13 May 2005, the amount of debt outstanding was £6
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.
|
