Key management personnel
Only the Executive and Non-Executive Directors are recognised as being key management personnel. It is the Board which has responsibility for planning, directing and controlling the activities of the Company. Executive and Non-Executive Directors did not receive any remuneration for their services to the Company.
Directors' interests in ordinary shares of the Company are disclosed in the Directors' remuneration report in the Consolidated financial statements.
There were no material transactions or balances between the Company and its key management personnel or members of their close family. At the end of the period, key management personnel did not owe the Company any amounts.
Subsidiaries
The Company enters into loans with its subsidiaries. Interest income of £6,000 was earned on these loans at market-related interest rates during the period (2013: £6,000).
| Transactions with subsidiaries | 52 weeks
ended
30 November
2014
£m | 52 weeks
ended
1 December
2013
£m |
|---|
| Group share-based payments | 6.1 | 3.3 |
| Increase/(decrease) in loans made to subsidiary undertakings | 47.8 | (32.5) |
| Increase in amounts due to subsidiary undertakings | 0.8 | 9.2 |
| Year-end balances arising from transactions with subsidiaries | 30 November
2014
£m | 1 December
2013
£m |
|---|
| Receivables | | |
| Loans and receivables due from subsidiaries | 203.2 | 155.4 |
| Payables | | |
| Loans and payables due to subsidiaries | 0.8 | — |