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Related party transactions | 12 Months Ended
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Jun. 30, 2024
Disclosure of transactions between related parties [abstract] |
Related party transactions | 21. Related party transactions Transactions between the group and its related parties are made on terms equivalent to those that prevail in arm’s length transactions. (a) Subsidiaries Transactions between the company and its subsidiaries are eliminated on consolidation and therefore are not disclosed. Details of the principal group companies are given in note 22. (b) Associates and joint ventures Sales and purchases to and from associates and joint ventures are principally in respect of premium drinks products but also include the provision of management services. Transactions and balances with associates and joint ventures are set out in the table below:
| 2024 $ million | 2023 re- presented $ million | 2022 re- presented $ million
Income statement items |  |  |
Sales | 14 | 13 | 15
Purchases | 73 | 16 | 42
Balance sheet items |  |  |
Group payables | 2 | 3 | 2
Group receivables | 2 | 2 | 2
Loans receivable | 355 | 254 | 212
Cash flow items |  |  |
Loans and equity contributions, net | 134 | 112 | 86
Other disclosures in respect of associates and joint ventures are included in note 6. (c) Key management personnel The key management of the group comprises the Executive and Non-Executive Directors, the members of the Executive Committee and the Company Secretary. They are listed under ‘Board of Directors and Company Secretary’ and ‘Executive Committee’.
| 2024 | 2023 | 2022
| $ million | re-presented $ million | re-presented $ million
Salaries and short-term employee benefits | 12 | 13 | 13
Annual incentive plan | 4 | 7 | 17
Non-Executive Directors’ fees | 2 | 2 | 2
Share-based payments(1) | 7 | 14 | 25
Post-employment benefits | 2 | 2 | 2
| 27 | 38 | 59
(1)Time-apportioned fair value of unvested options and share awards. Non-Executive Directors do not receive share-based payments or post-employment benefits. There were no transactions with these related parties during the year ended 30 June 2024 on terms other than those that prevail in arm’s length transactions. (d) Pension plans The Diageo pension plans are recharged with the cost of administration services provided by the group to the pension plans and with professional fees paid by the group on behalf of the pension plans. The total amount recharged for the year was $0.1 million (2023 – $0.2 million; 2022 – $0.2 million). (e) Directors’ remuneration
| 2024 | 2023 | 2022
| $ million | re-presented $ million | re-presented $ million
Salaries and short-term employee benefits | 4 | 3 | 4
Annual incentive plan | 1 | 2 | 5
Non-Executive Directors' fees | 2 | 2 | 2
Share option exercises(1) | — | — | 6
Shares vesting(1) | 18 | 5 | 3
Post-employment benefits | — | 1 | —
| 25 | 13 | 20
(1)Gains on options realised in the year and the benefit from share awards, calculated by using the share price applicable on the date of exercise of the share options and release of the awards.

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- Definition The disclosure of transactions between the entity and its related parties. [Refer: Related parties [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2023-01-01 -Paragraph 18 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=24&code=ifrs-tx-2023-en-r&anchor=para_18&doctype=Standard -URIDate 2023-03-23 + Details
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