- Index
- 38 NOTE F38 Commitments to acquire property, plant and equipment and intangible assets
- 39 NOTE F39 Contingent liabilities and financial guarantees
- 40 NOTE F40 Related parties
- 41 NOTE F41 Dividends proposed for distribution
- 42 NOTE F42 Events after the reporting period
- 43 NOTE F43 List of companies included in the consolidation scope
Balances and transactions between Solvay SA and (a) its subsidiaries and (b) its joint operations for the Group’s share of the respective joint operations, which are related parties of Solvay SA, have been eliminated in 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 |
||
2019 |
2018 |
2019 |
2018 |
|
Associates |
10 |
12 |
5 |
5 |
Joint ventures |
41 |
55 |
23 |
23 |
Other related parties |
30 |
27 |
70 |
49 |
Total |
81 |
95 |
99 |
77 |
In € million |
Amounts owed by related parties |
Amounts owed to related parties |
||
2019 |
2018 |
2019 |
2018 |
|
Associates |
1 |
1 |
|
|
Joint ventures |
1 |
2 |
2 |
2 |
Other related parties |
8 |
10 |
11 |
10 |
Total |
9 |
13 |
13 |
12 |
Loans to related parties
In € million |
2019 |
2018 |
Loans to joint ventures |
9 |
25 |
Loans to other related parties |
17 |
13 |
Total |
26 |
38 |
Compensation of key management personnel
Key management personnel is composed of 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 the consolidated statement of financial position:
In € million |
2019 |
2018 |
Wages, charges and short-term benefits |
3 |
3 |
Non-compete fee |
|
2 |
Long-term benefits |
1 |
13 |
Cash-settled share-based payments liability |
6 |
5 |
Total |
10 |
23 |
The decrease of the long-term benefits is due to changes in the composition of the Executive Committee and the departure of the former Chief Executive Officer.
Expenses of the year:
In € million |
2019 |
2018 |
||
|
||||
Wages, charges and short-term benefits |
8 |
9 |
||
Non-compete fee |
|
2 |
||
Long-term benefits |
2 |
2 |
||
Share-based payments expenses |
9 |
3 |
||
Total |
19 |
15 |
||