Financial Statements Related Parties
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Apart from the subsidiaries included in the consolidated financial statements, TUI AG, in carrying out its ordinary business activities, maintained indirect or direct relationships with related parties. All transactions with related parties were carried out at arm’s length on the basis of international comparable uncontrolled price methods in accordance with IAS 24, as before. More detailed information on related parties is provided under ‘Other notes’ in the notes on the consolidated financial statements for 2007.