2007 Financial statements
Note 45 - Related party transactions
Information about material related party transactions of the Rio Tinto Group is set out below:
Subsidiary companies and proportionally consolidated units
Details of investments in principal subsidiary companies are disclosed in note 37. Information relating to proportionally consolidated units can be found in note 40.
Equity accounted units
Transactions and balances with equity accounted units are summarised below. Purchases relate largely to amounts charged by jointly controlled entities for toll processing of bauxite and alumina. Sales relate largely to charges for supply of coal to jointly controlled marketing entities for onsale to third party customers.
| Income statement items | 2007 US$m |
2006 US$m |
|---|---|---|
| Purchases from equity accounted units | (1,538) | (1,364) |
| Sales to equity accounted units | 1,338 | 1,497 |
| Balance sheet items | US$m | US$m |
| Investments in equity accounted units (note 14) (a) | 7,038 | 2,235 |
| Loans to equity accounted units | 362 | 151 |
| Loans from equity accounted units | (174) | (65) |
| Trade and other receivables: amounts due from equity accounted units (note 17) | 804 | 648 |
| Trade and other payables: amounts due to equity accounted units (note 25) | (219) | (143) |
| Cash flow statement items | US$m | US$m |
| Funding of equity accounted units | (216) | (47) |
| Notes | Expand |
Pension funds
Information relating to pension fund arrangements is disclosed in note 49.
Directors and key management
Details of directors' and key management remuneration are set out in note 43 and in the Remuneration report of the 2007 Annual report.