Page 110 - Paragon Annual Report 2

106 | Group financial statements
Notes to the consolidated financial statements (continued) 29 Contingent liabilities
In the directors’ opinion there are no contingent liabilities.
30 Related party transactions
Subsidiaries, joint ventures and associates
The Consolidated Financial Statements include the financial statements of the Company and its subsidiaries, joint ventures and associates as documented in the accounting policies on page 67. The Group’s principal subsidiaries, joint ventures and associates are disclosed on pages 108 to 110.
Wholly owned subsidiaries
Transactions and balances with wholly owned subsidiaries, which are related parties, have been eliminated on consolidation and are not disclosed in this note.
Non wholly owned subsidiaries
Transactions and balances with non wholly owned subsidiaries, which are related parties, and which have been eliminated on consolidation were:
Sales 70 Purchases 247 Management fees received 142 Finance income – Finance cost 8 Amounts due from non wholly owned subsidiaries 128 Amounts payable to non wholly owned subsidiaries 1,861
Sales and purchases are with the Paragon ID CGU and Gresset Services SAS in the current year and to Gresset Services SA in the prior year. Management fees include Gresset Services SAS.
Finance income in the current year includes ASK SA and Bemrose Booth Paragon Limited while Gresset Services SAS is included in Finance costs in both years.
Amounts due from non wholly owned subsidiaries include the Paragon ID CGU and Services Point Services SA plc in the current year Services Point Services SA plc in the prior year. Amounts owed in both years are with Gresset Services SAS and with the Paragon ID CGU in the prior year.
Joint ventures
Transactions and year-end balances with joint ventures were:
Sales – Purchases – Amounts due from joint ventures – Amounts owed to joint ventures –
Sales and purchases are with dsi Billings Services Limited.
Amounts due from joint ventures include historic receivables from Inlays India Private Limited and trading balances from dsi Billings Services Limited.
Amounts due to joint ventures include historic payables from Inlays India Private Limited and trading balances from dsi Billings Services Limited.
2017
€000
737
697
155
206
25,695
534
5
2016
€000
€000
518
206
679
2,231
€000
Paragon Group Limited – 05258175
2017
2016