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S E C T I O N 1 2 : Our Financial Review

ALLIANCE ANNUAL REP ORT 2018

F. O T H E R IN THIS SECTION This section includes information required to comply with financial reporting standards that is not covered in other sections. F1

R E L AT E D PA RT I E S Transactions with related parties, including directors, are made on terms equivalent to those that prevail in arm’s length transactions. PA R E N T A N D U LT I M AT E C O N T RO L L I N G PA RT Y The immediate parent and ultimate controlling party of the Group is Alliance Group Ltd. I D E N T I T Y O F R E L AT E D PA RT I E S The Company has a related party relationship with each of its subsidiary companies outlined in Section E. The Company has a related party relationship with its key management personnel. Transactions with related parties

Group 2018

2017

Income Sales to associates Rebates received from associates Dividends from associates Interest received by the Company from associates Purchases from related parties Receipts from related parties

$000

$000

177,028 3,415 144 9,639 907

175,319 3,834 650 144 7,464 792

Balances with related parties Amounts owed to the Company by associates Loans to associates

10,836 20,046

13,752 19,502

Key management personnel compensation

Short-term employee benefits Post-employee benefits Directors’ fees – Alliance Group Ltd

Group 2018

2017

$000

$000

5,050 214 775

3,772 175 697

Key management personnel are the Alliance Group Executive Leadership Teams) and Alliance Group’s Board of Directors. Benefits paid to the Leadership Team include salaries, non cash benefits and contributions to post employment superannuation schemes. F2

AUDITOR S’ REMUNER ATION Group

Audit fees – KPMG Audit fees – Grant Thornton (UK) Fees for other services – KPMG Fees for other services – Grant Thornton Total Other services performed by Grant Thornton are for taxation services.

74

2018

2017

$000 217 56 15

$000 212 48 10 9

288

279

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Annual Report 2018  

Annual Report 2018