: 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.

Channel 5 Television Group Ltd The Group has a 24% economic interest in the equity of Channel 5 Television Group Ltd.

During the year the Group provided £31m (1998: £24m) of programming to Channel 5 Broadcasting Ltd, a wholly owned subsidiary of Channel 5 Television Group Ltd, and undertook transmission to the value of £3m (1998: £2m) for Channel 5 Engineering Services Ltd, a subsidiary of Channel 5 Television Group Ltd. At 31 December 1999 £6m was outstanding (1998: £6m). During the year the Group paid £4m (1998: £6m) for £20m consortium relief (1998: £29m).

UK TV The Group has a 20% interest in UK TV. During the year the Group provided programmes and services to the value of £nil (1998: £1m).

Grundy associates During the year the Group received £3m (1998: £3m) for management fees, format rights and royalties from a number of associates of Grundy Worldwide Ltd, of which £2m (1998: £nil) was outstanding at the year end. No individual transactions were material to the Group.

Magyar-RTL The Group has a 20% interest in Magyar-RTL.

During the year the Group provided programmes and services to the value of £1m (1998: £1m) none of which was outstanding at the year end (1998: £nil).

Lazard Partnership Details of the ownership structure and profit sharing arrangements are set out in note 13.

The Group periodically places funds on deposit with the Lazard Houses. The investments are made on an arm’s 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 1999 totalled £1m (1998: £5m).

European Channel Management Ltd During 1998 the Group sold its 45% interest in European Channel Management Ltd. During 1998 the Group paid £1m for £6m of tax losses. There were no transactions during 1999.

Other There were no transactions with directors and officers of the company.