Corporate report
DFID Annual Accounts 2011-2012 - Related-party transactions
Updated 2 June 2013
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| Department for International Development | Accounts 2011-12 | |||||||
|---|---|---|---|---|---|---|---|---|
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| 26. Related-party transactions | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| DFID is the 100 per cent shareholder in CDC Group plc. DFID had no transactions with CDC during the year. | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| DFID has a 40 per cent interest in Actis LLP. DFID had no transactions with Actis LLP during the year. See note 29.1 for details of a transaction after the reporting date. | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| DFID has had a number of transactions with other government departments and other central government bodies. These are undertaken under normal trading circumstances, at arms length, and are reported within DFID's net resource outturn. Amounts due to and from other government departments are disclosed separately in notes 16 and 18. No amounts have been written off during 2011-12 to or from other government departments. The largest volume of transactions, in frequency and value, have been with the Foreign and Commonwealth Office. | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| The Accounting Officer for DFID has disclosed a related party transaction in his Management Board return, as a close family member works for DFID. The Accounting Officer has no role in decision-making regarding pay, posting or promotion for the individual concerned. Should a situation arise that the Accounting Officer was involved in a decision that would directly affect his close family member, two Director Generals and a member of senior management at the Cabinet Office would be consulted and agree on the course of action. Further to this, no Minister, board member, key manager or other related party has undertaken any material transactions with the Department during the year. | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| 27. Third-party assets | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| The department held amounts shown below, which relates to cash provided by other development agencies as part of jointly funded programmes. These funds are held in the capacity of project manager/lead donor and are disbursed when required by the programme. These are not held in DFID's name and as such are not included in cash held by the core department, as set out in note 17 on page 173. | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | 2011-12 | 2010-11 | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | £000 | £000 | Not set | Not set | Not set | Not set | Not set | Not set |
| Amounts held in third party account | 32,638 | 17,757 | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Department for International Development | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Accounts 2011-12 |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| 28. Entities within the Departmental accounting boundary | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| The entities within the boundary during 2010-11 and 2011-12 were as follows. DFID Income and Expenditure incorporated financing of the following Non Departmental Public Bodies (NDPB), in full or in part, in the current financial year: | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Executive NDPB | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Commonwealth Scholarship Commission (CSC) | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Advisory NDPB | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Independent Commission for Aid Impact (ICAI) | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Reconciliation of Grant in Aid to CSC from Core Department and Other departments | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | 2011-12 | 2010-11 |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | £000 | £000 |
| Core Department | Not set | Not set | Not set | Not set | Not set | Not set | 18,918 | 17,382 |
| Other Department | Not set | Not set | Not set | Not set | Not set | Not set | 625 | 1,019 |
| Total Grant in Aid to CSC | Not set | Not set | Not set | Not set | Not set | Not set | 19,543 | 18,401 |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| of which | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Administration Grant in Aid | Not set | Not set | Not set | Not set | Not set | Not set | 2,144 | 1,676 |
| Programme Grant in Aid | Not set | Not set | Not set | Not set | Not set | Not set | 17,399 | 16,725 |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | 19,543 | 18,401 |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| CSC Administrative Expenditure | Not set | Not set | Not set | Not set | Not set | Not set | 2,098 | 1,676 |
| CSC Programme Expenditure | Not set | Not set | Not set | Not set | Not set | Not set | 16,678 | 16,725 |
| Total CSC Expenditure | Not set | Not set | Not set | Not set | Not set | Not set | 18,776 | 18,401 |
| Cash and cash equivalents | Not set | Not set | Not set | Not set | Not set | Not set | 1,532 | - |
| Trade payables | Not set | Not set | Not set | Not set | Not set | Not set | (765) | - |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | 19,543 | 18,401 |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| DFID Income from other government departments to fund grant in aid payment | Not set | Not set | Not set | Not set | Not set | Not set | (625) | (1,019) |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| ICAI is an advisory NDPB, where their spend is included within DFID's expenditure and is not required to be reported separately. | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| Department for International Development | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Accounts 2011-12 |
| Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| 29. Events after the reporting date | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| The Department for International Development Departmental Accounts' are laid before the Houses of Parliament by HM Treasury on 25 June 2012. No events have been identified between this date and the end of reporting period requiring adjustment to these Departmental Accounts. | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| 29.1 Non adjusting events after the reporting date | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |
| On 30 April 2012 DFID signed a binding sale agreement in relation to disposing of its 40% shareholding in Actis LLP. The Secretary of State announced this transaction in Parliament on 1 May 2012. This shareholding is currently included in note 14 on page 161 as an Available for Sale Investment. The sale agreement confirmed DFID's intention to dispose of this shareholding, in exchange for cash payments totalling $13 million and a percentage interest in Actis managements' carried interest in funds. Under the rules set out within the FReM investments are required to be held at the lower of historic cost or realisable value. Accordingly the value set out in note 14 on page 161 is the historic cost value. In the 2012-13 accounts the investment will be disposed of at this value and the difference between this value and the amounts received will be surrendered to the Consolidated Fund as non-operating Income. | Not set | Not set | Not set | Not set | Not set | Not set | Not set | Not set |