FINANCIAL REPORT AND ACCOUNTS 2011 - States Assembly

NOTES TO THE ACCOUNTSNOTE 36: RELATED PARTY TRANSACTIONS9.36 Note 36: Related Party TransactionsTransactions between entities within the States of Jersey Group have been eliminated on consolidation andare not disclosed in this note.Transactions with utility companies and government departments and their sponsored bodies that are aresult of their role of such are excluded in line with accounting standards.All transactions are at arms length and undertaken in the ordinary course of business unless otherwisestated.Where the party is related through a Minister or Assistant Minister, only transactions occurring whilst theywere in office are included.2011OrganisationIncomeExpenditureDirectly Controlled Entities – Strategic InvestmentsBalancesDue to theStatesBalancesDue by theStates£’000 £’000 £’000 £’000Jersey Electricity 221 2,077 24Jersey Post 460 99 43 3Jersey Telecom 239 301 38 56Jersey Water 160 117 3Directly Controlled Entities – Minor EntitiesBureau de Jersey Ltd 97Jersey Dental Scheme 129 28Jersey Legal InformationBoardDirectly Controlled Entities – OtherHautlieu School Fund 13100 100Health Insurance Fund 12 536 11Jersey College for GirlsFundSocial Security (Reserve)Fund2 1320 20Social Security Fund 68,099Victoria College SchoolFund2 42NotesA Maclean, EconomicDevelopment Minister, is aDirector. Expenditure includesgrant of £95kExpenditure is in support of theschemeA Maclean, EconomicDevelopment Minister, is aDirector. Expenditure andamounts due are a grant of £100kExpenditure includes grants of£34k160