28. Related party transactions
A. The ownership of the company
One ordinary share is held by the Minister for Agriculture, Fisheries and Food and the remainder of the issued share capital is held by the Minister for Finance.
B. Sales of goods, property and services to entities controlled by the Irish Government*
In the ordinary course of its business the Group sold goods, property and services to entities controlled by the Irish Government, the principal of these being the ESB. Sales of these goods, property and services amounted to €2.7m in 2009 and amounts due from these entities to the Group at 31 December 2009 for these goods, property and services amounted to €0.2 m.
C. Purchases of goods and services from entities controlled by the Irish Government*
In the ordinary course of its business the Group purchased goods and services from entities controlled by the Irish Government, the principal of these being the ESB. Purchases of goods and services amounted to €15.9m in 2009 and amounts due to these entities at 31 December 2009 for these goods and services amounted to €0.8 m.
D. Transactions with related Companies
Moylurg Rockingham Limited
In the ordinary course of its business the Group sold goods and services to Moylurg Rockingham Limited amounting to €0.04m, the balance due from this company at 31 December 2009 for these goods and services was €Nil.
Garvagh Glebe Windpower Limited
The Group advanced Garvagh Glebe Windpower Limited a loan of €15.2m in 2009, the balance due from this company at 31 December 2009 was €21.4m.
* Entities controlled by the Irish Government refers to all county councils, Government departments and semi-state companies.