32. Related party transactions

Other than the information disclosed in the Directors’ report and the Directors’ remuneration report, the only other related party transactions requiring disclosure are details of key management personnel compensation. These details are set out in the table below.

Compensation of key management personnel (excluding Directors of parent company)

	2008 £m	2007 £m
Short term employment benefits	2.1	3.0
Post employment benefits	–	0.1
Share based payments	1.2	1.8
	3.3	4.9

Gains on share options exercised in the year by key management personnel totalled £2.5m (2007: £11.3m).