Group

Transactions between the company and its subsidiaries, which are related parties, have been eliminated on consolidation and are not disclosed in this note.

Trading transactions

The following transactions were carried out with the group's joint ventures and other investments:

Sales of servicesPurchases of
goods and services
2014
£m
2013
£m
2014
£m
2013
£m
Joint ventures1.51.30.80.7
Other investments0.1
1.61.30.80.7

The following amounts were owed by/to the group's joint ventures and other investments at the balance sheet date (see note 16).

Amounts owed
by related parties
Amounts owed
to related parties
2014
£m
2013
£m
2014
£m
2013
£m
Joint ventures1.31.0
Other investments0.1
1.41.0

Sales of services to related parties were on the group's normal trading terms.

The amounts outstanding are unsecured and will be settled in accordance with normal credit terms. The group has issued guarantees of £5.2 million (2013: £5.2 million) in support of its joint ventures (see note 14).

No allowance has been made for doubtful receivables in respect of the amounts owed by related parties (2013: £nil). No expense has been recognised for bad and doubtful receivables in respect of the amounts owed by related parties (2013: £nil).

Details of transactions with key management are disclosed in note 3.

Company

The parent company receives dividend income and pays and receives interest to and from subsidiary undertakings in the normal course of business. Total dividend income received during the year amounted to £237.9 million (2013: £432.6 million) and total net interest payable during the year was £25.3 million (2013: £32.4 million). Amounts outstanding at 31 March 2014 and 31 March 2013 between the parent company and subsidiary undertakings are provided in notes 16, 18 and 22.

At 31 March 2014 and 31 March 2013, no related party receivables and payables were secured and no guarantees were issued in respect thereof. Balances will be settled in accordance with normal credit terms. No allowance for doubtful receivables has been made for amounts owed by subsidiary undertakings as at 31 March 2014 and 31 March 2013.