ANNEX C
Notes to the Departmental Resource
Accounts
25. Related party transactions
Department Yellow is the parent of the Deaton
Jenkinson Agency and sponsors the Greenfield Office (trading fund)
and Richards & Gamble Limited (nationalised industry). These
bodies are regarded as related parties with which Department Yellow
has had various material transactions during the year.
In addition, Department Yellow has had a small
number of transactions with other Government Departments and other
Central Government bodies. Most of these transactions have been
with Department Green and one of its executive agencies (Jackson
Balmer Agency).
None of the board members, key managerial staff
or other related parties has undertaken any material transactions
with Department Yellow during the year.
26. Notes to Schedule 5
Department Yellow's capital is employed exclusively
for administration purposes. Its distribution between objectives
is therefore not markedly different from the proportion of the
related gross administration cost.
Programme grants and other current expenditures
have been allocated as follows:
|
| 2001-02 | 2000-01
|
| £000 | £000
|
|
| Objective 2 (i) | 20,000 |
— |
| Objective 2 (ii) | 10,000 |
— |
| Objective 3 (i) | 4,675 |
— |
| Objective 3 (ii) | 4,187 |
— |
| Objective 3 (iii) | 4,903 |
— |
| Objective 3 (iv) | 6,235 |
— |
|
| 50,000 |
|
|
Administration costs have been attributed to objectives in
accordance with the Department's normal management accounting
practices, wherever possible, or have been allocated in the same
proportions as programme expenditure.
| 
