Notes to the Accounts
30. Related parties
Associates Loans and equity advanced to associates during the year and at the balance sheet date are shown in note 13. Amounts falling due from partnerships and other associates are set out in note 16. Dividends receivable from partnerships and other associates are set out in note 13. Details of individually significant transactions are shown below.
Troll Communications LLC
Port Aventura SA
Channel 5 Television Group Ltd
During the year the Group provided £24m (1997: £23m) of programming to Channel 5 Broadcasting Ltd, a wholly owned subsidiary of Channel 5 Television Group Ltd, and undertook transmission to the value of £2m (1997: £2m) for Channel 5 Engineering Services Ltd, a subsidiary of Channel 5 Television Group Ltd. At 31 December 1998 £6m was outstanding (1997: £6m).
European Channel Management Ltd
During the year the Group provided programmes and services to the value of £1m (1997: £nil) none of which was outstanding at the year end (1997: £nil).
The Group periodically places funds on deposit with the Lazard Houses. The investments are made on an armís length basis and no transactions are individually material in the context of the Group treasury transactions. The Group also uses the Lazard Houses to provide professional advice. Fees for such services for the year to 31 December 1998 totalled £5m (1997: £4m).
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