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Related party transactions
 12 Months Ended
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.