Notes to the financial statements
30. Related party transactions
IPF plc has various transactions with other companies in the Group. Details of these transactions along with any balances outstanding are set out below:
| 2008 | 2007 | ||||||
|---|---|---|---|---|---|---|---|
| Company | Recharge of costs £m |
Interest charge / (credit) £m |
Outstanding balance £m |
Recharge of costs £m |
Interest charge £m |
Outstanding balance £m |
|
| Central Europe | 1.5 | 2.2 | 28.9 | – | 1.3 | 31.4 | |
| Mexico | 0.4 | 0.1 | 0.3 | – | 0.1 | – | |
| Romania | 0.3 | 1.8 | 4.7 | – | 0.3 | 11.7 | |
| Other UK companies | 1.1 | (2.8) | (10.9) | 0.3 | 0.1 | (7.5) | |
| 3.3 | 1.3 | 23.0 | 0.3 | 1.8 | 35.6 | ||
During 2007, but prior to the demerger, the Group received £0.5m of interest from Provident Financial plc and paid £1.6m in respect of a management services agreement.