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NOTE 33
RELATED PARTIES
a) Parent company
The ultimate Parent company is Washington H. Soul Pattinson and Company Limited.
b) Subsidiaries and Associates
Interests in Subsidiaries and Associates are set out in note 3.
c) Key management personnel (KMP) compensation
Paid to KMP of the
Consolidated entity
Paid to KMP of the
Parent company
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Short-term employee benefits
6,720
5,869
4,166
3,361
Post-employment benefits
283
262
223
206
Long-term employee benefits
115
83
61
48
Termination benefits
136
1,936
–
1,936
Share-based payments
319
167
195
–
7,573
8,317
4,645
5,551
Key management personnel remuneration has been included in the Remuneration Report section of the
Directors’ Report on pages 28 to 45.
d) Related parties transactions and balances
Details of loans to and transactions with key management personnel are included in the Remuneration Report
section of the Directors’ Report on page 45.
The Parent company accepts deposits from Director and Director related parties on normal commercial terms.
Refer to note 23 for further details.
i. Subsidiaries
Transactions between the Parent company and its subsidiaries and between subsidiaries are at normal
commercial terms and conditions. Transactions consist of the transfer of funds for day to day financing, provision
of consulting, management and advisory services, loans advanced and repaid, interest, dividend and rental
payments.
Transactions between members of the Group which are eliminated on consolidation are not disclosed in this note.
ii. Associates
Transactions with associates are at normal commercial terms and conditions.
Transactions consist of the supply of pharmaceutical products to the Parent company, advisory, consulting,
underwriting, management fees, and rent received from/paid to associates, loans advanced and repaid, interest
and dividend payments.
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