31.5.3  Distributions

Distributions are any dividends, interest payments or other distributions by the private party to its shareholders, loan stock or related bodies corporate, including amounts available for such distributions -whether such distributions are in respect of share capital or subordinated debt - and receipt of any other benefit by those parties (including the release of any contingent liabilities), but excluding payments made to a related body corporate under a sub-contract (where the related body corporate is a sub-contractor) or otherwise on arm's length terms.