33. Related party transactions
Back to the list(a) Transactions and balances with associates
(i) Transactions with associates
| 2012 RUB Million |
2011 RUB Million |
|
|---|---|---|
| Sales of goods and services | 4,971 | 2,469 |
| Sales of equity investments | — | 6,123 |
| Sales of treasury shares | — | 791 |
| Dividend income from associates | — | 1,840 |
| Interest income from associates | 69 | 60 |
| Purchases of goods and services | (218) | (2,351) |
| Interest expense to associates | — | (7) |
(ii) Balances with associates
RUB Million |
RUB Million |
|
|---|---|---|
| Short-term loans issued, at amortised cost | 664 | 944 |
| Advances issued for construction of property, plant and equipment, at cost | 345 | — |
| Receivables from associates | 803 | 168 |
| Payables to associates | (33) | (81) |
(b) Transactions and balances with ot her related parties
(i) Transactions with other related parties
| 2012 RUB Million |
2011 RUB Million |
|
|---|---|---|
| Assignment of receivables to a related party | — | 2,347 |
| Sales of goods and services | 805 | 553 |
| Purchases of goods and services | (707) | (73) |
| Interest income from related parties | 19 | 52 |
(ii) Balances with other related parties
| 31 December 2012 RUB million |
31 December 2011 RUB million |
|
|---|---|---|
| Short-term loans issued, at amortised cost | 57 | 441 |
| Long-term loans issued, at amortised cost | 38 | 11 |
| Receivables from related parties | 253 | 51 |
| Payables to related parties | (81) | (12) |
| Dividends payable to shareholders of the Parent | (2,911) | (2,913) |
(iii) Key management remuneration
The remuneration of the Board of Directors and 16 members of key management personnel amounted to RUB 364 million (2011: RUB 459 million).
(iv) Financial guarantees
The Group issued financial guarantees to banks on behalf of related parties amounting to RUB 609 million (31 December 2011: RUB 1,704 million), see note 30(с).
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