There are no sales or purchases of services from related parties in the years ended 31 March 2008 and 31 March 2007.
| Key management compensation (Group and Company) |
2008 £m |
2007 £m |
|
| Salaries and other short term employment benefits | 1.8 | 1.7 | |
| Termination benefits | – | 0.4 | |
| Share based payments | – | 0.2 | |
| 1.8 | 2.3 |
Key management are Directors (both Executive and Non–Executive) and other key managers with authority and responsibility to control, direct or plan the activities of the Group.
There are no receivables or payables to related parties as at 31 March 2008 or 31 March 2007.
During the year ended 31 March 2008 the Company generated revenue amounting to £0.1 million (2007: £0.6 million) through sales to other Group companies. The Company purchased services from other Group companies for £0.1 million (2007: £0.1 million). The Company paid interest to other Group companies of £3.9 million (2007: £2.4 million) and received interest of less than £0.1 million (2007: £0.1 million) from other Group companies. As at 31 March 2008 the Company owed £nil (2007: less than £0.1 million) related to trading and a net £68.3 million (2007: £64.0 million) related to working capital loans. At that date Group companies owed the Company £0.1 million (2007: £nil) related to trading and £0.3 million (2007: £nil) related to working capital loans.
The Company waived loans due from subsidiary companies of £3.9 million (2007: £nil) and a loan payable by the Company of £1.2 million (2007: £nil) was waived by a subsidiary.