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Wavin Annual Report 2010 | page 128Other related party transactionsDuring the year ended 31 December 2010, we did not sell any goods to associates (2009: € 0.2 million). Sales of associatesto the Group amounted to € 12.4 million (2009: € 12.2 million). At 31 December 2010 the Group owed associates € 1.0million (2009: € 1.3 million). For details regarding outstanding receivables and liabilities we refer to notes 23 and 31.Wavin purchases and sells goods and services to various related parties in which Wavin holds a 50% or less equity interest(non-consolidated companies). Such transactions were not signifi cant on an individual or aggregate basis. The transactionswere conducted at arm’s length with terms comparable to transactions with third parties. During the year ended31 December 2010 the Group received € 3.1 million dividend from associates (2009: € 5.0 million).36. Transactions with key management and remunerationThere have been no transactions with members of the Supervisory Board or Management Board or any family member ofsuch persons except for some members of the Supervisory Board and Management Board in their capacity as shareholders.All transactions were conducted at arm’s length principle.No loans or guarantees have been provided to members of the Supervisory Board or Management Board or any familymember of such persons. Members of the Management Board are entitled to equity compensation benefi ts (for detailsreference is made to note 28). Members of the Supervisory Board are not entitled to equity compensation benefi ts.For details about the remuneration of the members of the Supervisory Board and Management Board we refer to note Kof the Company Financial Statements.37. Group companiesThe Group’s ultimate parent company is Wavin N.V. Please refer to the list of principal direct and indirect participations.38. Subsequent eventsIn October 2010 the Group announced that it had entered into an agreement to acquire the PE Water business for belowground applications from KWH Sweden. In January 2011 the assets were actually transferred. As a consequence the resultsand balance sheet of the PE Water business for below ground applications from KWH Sweden were not included in thefi gures per 31 December 2010. As from January 2011 these fi gures will be consolidated. The annual revenue of KWHSweden amounts to approximately € 10 million. Wavin also took over staff (total approximately 30 FTEs) and assets.