NOTE F42 Related parties
- Index
- 36 NOTE F36 Commitments to acquire property, plant, and equipment, and intangible assets
- 37 NOTE F37 Contingent liabilities
- 38 NOTE F38 Dividends proposed for distribution
- 39 NOTE F39 Associates and joint ventures
- 40 NOTE F40 Joint operations
- 41 NOTE F41 Non-controlling interests (continuing operations)
- 42 NOTE F42 Related parties
- 43 NOTE F43 Events after the reporting period
- 44 NOTE F44 List of companies included in the consolidation scope
Balances and transactions between Solvay SA and its subsidiaries, related parties of Solvay SA, have been eliminated on consolidation and are not disclosed in this note. Details of transactions between the Group and other related parties are disclosed below.
Sale and purchase transactions
In € million |
Sale of goods |
Purchase of goods |
||||||
2017 |
2016 |
2017 |
2016 |
|||||
Associates |
16 |
16 |
8 |
4 |
||||
Joint ventures |
33 |
71 |
19 |
46 |
||||
Other related parties |
10 |
12 |
57 |
67 |
||||
Total |
59 |
99 |
85 |
117 |
||||
In € million |
Amounts owed by related parties |
Amounts owed to related parties |
||||||
2017 |
2016 |
2017 |
2016 |
|||||
Associates |
1 |
2 |
|
3 |
||||
Joint ventures |
1 |
3 |
3 |
2 |
||||
Other related parties |
15 |
19 |
15 |
17 |
||||
Total |
18 |
25 |
18 |
21 |
||||
Loans to related parties
In € million |
2017 |
2016 |
||
Loans to joint ventures |
23 |
20 |
||
Loans to other related parties |
2 |
5 |
||
Total |
24 |
25 |
Compensation of key management personnel
Key management personnel comprise all members of the Board of Directors and members of the Executive Committee.
Amounts due in respect of the year (compensation) and obligations existing at the end of the year:
In € million |
2017 |
2016 |
||
Wages, charges and short-term benefits |
3 |
3 |
||
Long-term benefits |
11 |
11 |
||
Cash-settled share-based payments liability |
5 |
5 |
||
Total |
19 |
18 |
Expenses of the year:
In € million |
2017 |
2016 |
||||
|
||||||
Wages, charges and short-term benefits |
8 |
8 |
||||
Long-term benefits |
2 |
1 |
||||
Share-based payments expenses |
4 |
5 |
||||
Total |
14 |
14 |
||||