• Home
  • Overview
  • Business review
  • Governance
  • Financial statements
  • Notes to the financial statements
  • Other information
  • PDF downloads

© Rolls-Royce plc 2007

  • + Legal information

Annual report and accounts 2006

31 Related party transactions

Rolls-Royce Logo
next:
32 Acquisitions and disposals
prev:
30 Contingent liabilities
back:
Notes to the financial statements menu
  2006
£m
2005
£m
Sales of goods and services to joint ventures 1,252 986
Purchases of goods and services from joint ventures (830) (643)
Operating lease payments to joint ventures (43) (38)
Guarantees provided to joint ventures — 2
Dividends received from joint ventures 44 35
RRSP receipts from joint ventures 7 3
Other income received from joint ventures 12 14

The aggregated balances with joint ventures are shown in notes 13, 14, 17 and 19.

Transactions with Group pension schemes are shown in note 23

In the course of normal operations, related party transactions entered into by the Group have been contracted on an arms-length basis. Rolls-Royce Group plc is a non-trading holding company for Rolls-Royce plc.

Key management personnel are deemed to be the directors and the members of the Group Executive as set out on the Board of directors section. Remuneration for key management personnel is shown below:
  2006
£m
2005
£m
Salaries and short-term benefits 10 10
Post-retirement schemes 2 2
Share-based payments 5 3
  17 15

More detailed information regarding the directors' remuneration, shareholdings, pension entitlements, share options and other long-term incentive plans is shown in the Directors' remuneration report section.

+Back to top