Annual Report and Accounts 2010

26Related party transactions

During 2009, the Group received funding for SOI technology development of £1,033,000 from SOI TEC Silicon On Insulator Technologies SA (Soitec), a company of which Doug Dunn, Group Chairman, is a non-executive director. No amounts were outstanding from Soitec in relation to this funding at either 31 December 2010 or 2009. During 2009 the Group also invoiced £409,000 to Soitec in relation to an IP licence which was fully outstanding at 31 December 2009. This has been settled in full during 2010. Furthermore, the Group was invoiced £390,000 in 2009 by Soitec in relation to licence income from the two parties’ ongoing collaborative agreement to develop SOI technology. Amounts owed to Soitec at 31 December 2010 in relation to this agreement were £nil (2009: £390,000).

As at 31 December 2009 £139,000 was owing to the Group by Netronome Systems Inc., a company of which John Scarisbrick (a non-executive director of the Group) is Chairman. During 2010 this balance was repaid in full and no further amounts invoiced.

During the year, the Group was invoiced £3,190,000 in subscription fees by its associated company, Linaro Limited. As at 31 December 2010, £1,029,000 was outstanding. In addition the Group provided consulting and other services to Linaro of £1,050,000. As at 31 December 2010, £595,000 was owed to the Group. Further information relating to Linaro is disclosed in note 28.

There were no other related party transactions during 2010 which require disclosure.

Key management compensation is disclosed in note 3.