Annual Report and Accounts 2009

Notes to the Consolidated Financial Statements for the year to 31 December 2009

32. Related party transactions

Transactions between the Company and its subsidiaries, which are related parties, have been eliminated on consolidation and are not disclosed in this Note. Transactions between the Group and its joint ventures are disclosed below.

Trading transactions

During the year, Group companies' purchases from joint ventures totalled £26.1m (2008: £8.1m). Purchases were based on open market values.

Remuneration of key management personnel

Details of the remuneration of the Directors and Executive Committee, who are the key management personnel of the Group, are contained in the audited part of the Remuneration Report and form part of these financial statements.