36. Related party transactions
Joint ventures and associates
Amounts advanced to joint ventures and associates during the year and at the balance sheet date are set out in note 12.
Key management personnel
Key management personnel are deemed to be the members of the Pearson executive (see p11). It is this Committee which had responsibility for planning, directing and controlling the activities of the Group in 2017. Key management personnel compensation is disclosed below:
|
All figures in £millions |
2017 | 2016 | ||||||
|
Short-term employee benefits |
12 | 6 | ||||||
|
Retirement benefits |
1 | 1 | ||||||
|
Share-based payment costs |
2 | 1 | ||||||
|
|
|
|
|
|||||
|
Total |
15 | 8 | ||||||
|
|
|
|
|
|||||
There were no other material related party transactions. No guarantees have been provided to related parties.