16. Related party transactions

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BBC World Service is a division of the British Broadcasting Corporation, a body incorporated by Royal Charter.

The largest group in which the results of BBC World Service are consolidated is that headed by the BBC.

The consolidated accounts of this group may be obtained from the Head of the Executive Unit, The Media Centre, 201 Wood Lane, London W12 7TQ.

The related party transactions of BBC World Service have been presented in accordance with FRS 8: Related Party Disclosures.

16a. Transactions with subsidiaries

BBC World Service made grants of £0.4 million (2008: £0.3 million) during the year to BBC World Service Trust, towards education projects and general management and administration costs.

BBC World Service Trust procures some services from BBC World Service on an arm’s-length basis.

16b. Transactions with associates

During the year there were no disclosable transactions with associates.

16c. Transactions with key management

During the year there were no disclosable transactions with key management.

16d. Other transactions

During the year the BBC Group charged BBC World Service net costs of £163.2 million (2008: £156.5 million) in respect of operating costs.

At 31 March 2009 BBC World Service was owed £2.4 million (2008: £1.3 million) by the BBC Group.

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