Note 26: Directors’ interests and related parties
During the year the Company paid consultancy fees to the following organisation in which a director had a material
interest:
| Director |
Organisation |
|
2007
£ |
|
2006
£ |
|
|
| B Magee |
James Magee |
|
15,402 |
|
30,689 |
|
|
The Company and Group have taken advantage of paragraph 3 of FRS8 - “Related Party Disclosures”, in not disclosing transactions with Group undertakings. These are eliminated on consolidation.