IFRS condensed financial statements
A16 - Related parties
The group received income from related parties from transactions made in the normal course of business. Loans to related parties are made on normal arm's-length commercial terms.
| 30 June 2009 | 30 June 2008 | 31 December 2008 | ||||
|---|---|---|---|---|---|---|
|
Income earned in period £m |
Receivable at end of period £m |
Income earned in period £m |
Receivable at end of period £m |
Income earned in year £m |
Receivable at end of year £m |
|
| Associates | 22 | 3 | 29 | 2 | 61 | 3 |
| Joint ventures | 9 | 299 | 11 | 198 | 20 | 300 |
| Employee pension schemes | 15 | 4 | 18 | 4 | 24 | 6 |
| 46 | 306 | 58 | 204 | 105 | 309 | |
The related parties' receivables are not secured and no guarantees were received in respect thereof. The receivables will be settled in accordance with normal credit terms.
