Annual report and accounts 2023 - Flipbook - Page 199
Strategic Report
Corporate Governance
Accounts
The amounts disclosed in the table below are the amounts owed to and due from subsidiary companies that are trading subsidiaries.
The balances are unsecured and are due on demand. The difference between the total of these balances and the amounts disclosed as amounts due by (Note 20) and to
subsidiary companies (Note 22) are balances due by and due to dormant subsidiary companies.
Amounts owed by related parties
Amounts due to related parties
2023
£m
2022
£m
2023
£m
2022
£m
–
–
–
0.2
4.5
2.2
13.1
–
Rubicon Drinks Limited
FUNKIN Limited
The amounts disclosed in the table below are the amounts owed from investments in associates. The balance is an interest-free equity convertible loan note.
Amounts due by related parties
Loans to associates
Opening and closing balance
2023
£m
2022
£m
1.0
1.0
2023
£m
2022
£m
4.9
0.5
4.6
0.4
5.4
5.0
Compensation of key management personnel
The remuneration of the executive directors, non-executive directors and senior executives during the year was as follows:
Salaries and short-term benefits
Post-employment benefits
The Directors’ Remuneration Report can be found on pages 92 to 106.
Retirement benefit plans
The Group’s retirement benefit plans are administered by an independent third-party service provider. During the year, the service provider charged the Group £0.5m
(2022: £0.5m) for administration services in respect of the retirement benefit plans. At the year end, £nil (2022: £nil) was outstanding to the service provider on behalf
of the retirement benefit plans.
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