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2008 £m |
2007 £m |
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Sales of goods and services to joint ventures | 1,555 | 1,289 | |||||
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Purchases of goods and services from joint ventures | (1,482) | (1,100) | |||||
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Operating lease payments to joint ventures | (36) | (41) | |||||
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Guarantees of joint venture's borrowings | 13 | 11 | |||||
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Dividends received from joint ventures | 59 | 42 | |||||
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RRSP receipts from joint ventures | 19 | 29 | |||||
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Interest received from joint ventures | 2 | 2 | |||||
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Other income received from joint ventures | 102 | 25 | |||||
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The aggregated balances with joint ventures are shown in note 12 and note 15. Transactions with Group pension schemes are shown in note 18.
In the course of normal operations, related party transactions entered into by the Group have been contracted on an arms-length basis.
Key management personnel are deemed to be the directors and the members of the Group Executive. Remuneration for key management personnel is shown below:
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2008 £m |
2007 £m |
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Salaries and short-term benefits | 9 | 9 | |||||
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Post-retirement schemes | 2 | 2 | |||||
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Share-based payments | 6 | 5 | |||||
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17 | 16 | ||||||
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More detailed information regarding the director's remuneration, shareholdings, pension entitlements, share options and other long-term incentive plans is shown in the Directors' remuneration report.