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CIMIC Group Limited Annual Report 2016 |
Financial Report
Notes continued
for the 12 months to 31 December 2016
37. RELATED PARTY DISCLOSURES
a) Key management personnel
Key management personnel compensation:
12 months to
December 2016
$’000
12 months to
December 2015
$’000
Short-term employee benefits
10,538
6,639
Post-employment benefits
84
83
Long-term benefits
-
-
Termination benefits
-
20
Share-based payments
14,377
3,839
Total key management personnel compensation
24,999
10,581
The terms and conditions of transactions with KMP and their related entities were no more favourable than those available, or which
might reasonably be expected to be available, on similar transactions to non-Director related entities on an arm’s length basis.
D Robinson is a partner of ESV Accounting and Business Advisors (ESV) (following the merger between Harveys, of which D Robinson was
principal, and ESV in July 2015), which received fees from HOCHTIEF Australia Holdings Limited for services provided to that company,
which is a related party. D Robinson also received directors’ fees from Devine Limited as a result of his appointment on 27 May 2015.
R Seidler received fees from HOCHTIEF Australia Holdings Limited, for services provided to that company.
Loans to key management personnel
There were no loans to Key Management Personnel (KMP) in the current or prior reporting period.
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