PA Group Annual Report 2007
NOTES TO THE FINANCIAL
STATEMENTS
(continued)
28. Pensions (continued)
The following pension disclosure relates to the CNW Group, which is a 50% joint venture.
Further disclosure has not been provided given the value of the scheme.

CNW Group pension scheme
2007 2006
£ million £ million
Opening balance sheet deficit (0.5) (0.4)
Profit and loss expense (0.1) (0.4)
Contributions 0.1 0.1
Actuarial (loss)/gain recognised in STRGL (0.1) 0.2
Post retirement deficit at end of year (0.6) (0.5)
Related deferred tax asset 0.2 0.1
(0.4) (0.4)

The actuarial loss included in the STRGL of £57,000 (2006: gain £140,000) is net of deferred tax of £24,000 (2006: £60,000).
29. Related party disclosures
The company has taken advantage of the exemption under FRS 8, Related Party Transactions, not to disclose transactions
with other group companies.
The company provides administrative services to the group’s pension schemes. During the year a total of £28,000 (2006:
£25,000) was recharged to the schemes, and at 31 December 2007 £nil (2006: £nil) was owed by the schemes to the group.
Transactions during both periods with joint venture and associate investments are disclosed in note 12.
The nature of the share ownership of PA Group means that there are commercial relationships between the group and its
shareholders. Some members of the board are also directors of shareholder companies. The board has established rules
to deal with conflicts of interest when they arise, and in such situations the director withdraws from the meeting while the
particular matter is discussed. In the board’s opinion, there are no contracts with customers in which the directors have a
personal interest that require disclosure in the financial statements.
30. Post balance sheet events
On 26 March 2008 the group acquired a further 50% of the share capital of Television News Release Limited for a cash
consideration of £878,000.
On 31 March 2008 the group acquired a further 50% of the share capital of The Editorial Centre Limited for a cash
consideration of £590,000.
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