TABLE OF CONTENTS The disclosure requirements of international GAAP are less demanding than the UK equivalent, and it is noteworthy that the former does not specifically require the identification of the related party. However, in practice this information will often be required if users of the financial statements are to understand the significance of the relationship (Box 9.1).
Notes to the Financial statements (continued)
For the 52 weeks to 29 January 2006
41. Related party transactions
During the 52 weeks to 29 January 2006, the Group and Company entered into the following transactions with related parties who are not members of the Group:
| Income | Expenditure | |||
|---|---|---|---|---|
| 52 weeks to 29 January2006 ?000 | 53 weeks to 30 January 2005 ?000 | 52 weeks to 29 January2006 ?000 | 53 weeks to 30 January 2005 ?000 | |
| Whelco | 163 | 134 | 968 | 778 |
| Holdings | ||||
| Limited | ||||
| Executive | - | 83 | 150 | 150 |
| Director's | ||||
| family | ||||
| trust |
| Amounts owed by Related Parties | Amounts owed to Related Parties | |||
|---|---|---|---|---|
| At 29 January 2006 ?000 | At 30 January 2005 ?000 | At 29 January 2006 ?000 | At 30 January 2005 ?000 | |
| Whelco | 101 | 76 | 24 | 81 |
| Holdings | ||||
| Limited |
Whelco Holdings Limited is a company owned by...
