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Financial statements and notes to the accountsRolls-Royce
Notes to the financial statements




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29 Related party transactions

Joint ventures
In the course of normal operations, the Group has contracted on an arms-length basis with joint ventures. The aggregated transactions which are considered to be material and which have not been disclosed elsewhere in the financial statements are summarised below:
  2003
£m
2002
£m
Other income 9 20
Purchases of goods and services from joint ventures (682) (482)