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Institutional

Last updated: 2 july, 2009 - 13:31 GMT

16. Related party transactions

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´óÏó´«Ã½ World Service is a division of the British Broadcasting Corporation, a body incorporated by Royal Charter.

The largest group in which the results of ´óÏó´«Ã½ World Service are consolidated is that headed by the ´óÏó´«Ã½.

The consolidated accounts of this group may be obtained from the Head of the Executive Unit, The Media Centre, 201 Wood Lane, London W12 7TQ.

The related party transactions of ´óÏó´«Ã½ World Service have been presented in accordance with FRS 8: Related Party Disclosures.

16a. Transactions with subsidiaries

´óÏó´«Ã½ World Service made grants of £0.4 million (2008: £0.3 million) during the year to ´óÏó´«Ã½ World Service Trust, towards education projects and general management and administration costs.

´óÏó´«Ã½ World Service Trust procures some services from ´óÏó´«Ã½ World Service on an arm’s-length basis.

16b. Transactions with associates

During the year there were no disclosable transactions with associates.

16c. Transactions with key management

During the year there were no disclosable transactions with key management.

16d. Other transactions

During the year the ´óÏó´«Ã½ Group charged ´óÏó´«Ã½ World Service net costs of £163.2 million (2008: £156.5 million) in respect of operating costs.

At 31 March 2009 ´óÏó´«Ã½ World Service was owed £2.4 million (2008: £1.3 million) by the ´óÏó´«Ã½ Group.

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