Carphone Warehouse 2012 Annual Report Download - page 82

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Carphone Warehouse Group plc Annual Report 201278
21 Analysis of changes in Group funding
Opening Cash flows Closing
2012 £m £m £m
Cash and cash equivalents 120.6 (17.9) 102.7
Opening Cash flows Closing
2011 £m £m £m
Cash and cash equivalents 100.0 20.6 120.6
22 Related party transactions
During the year, the Group had the following disclosable transactions with its joint ventures (see also note 13):
2012 2011
Virgin Virgin
Best Buy Mobile Best Buy Mobile
Europe France Europe France
£m £m £m £m
Revenue for services provided 3.1 —3.1 —
Net interest and other finance income 0.3 1.2 1.0 1.6
Loans owed to the Group —24.3 —35.7
Other amounts owed to the Group 15.4 —0.2 0.1
Other amounts owed by the Group — — (1.2) —
Revenue for services provided relates to investment property rental income.
Amounts owed to the Group by Best Buy Europe at 31 March 2012 primarily reflect amounts due in relation to shares gifted to senior
BestBuy Europe executives as detailed in note 4, which were settled in April 2012.
NOTES TO THE FINANCIAL STATEMENTS CONTINUED