33.1 Transactions and positions with Related Parties
During 2019 GrandVision acquired goods from Safilo (a group company of HAL Holding N.V.) for an amount of €55,215 (2018: €52,371).
Other positions with Related Parties are as follows:
in thousands of EUR | Notes | 2019 | 2018 |
|---|---|---|---|
Other receivables: | |||
Safilo | 4,165 | 1,595 | |
Other HAL subsidiaries | - | 115 | |
4,165 | 1,710 | ||
Trade and other payables: | |||
Safilo | 7,097 | 6,436 | |
HAL Investments B.V. | 1,886 | 1,886 | |
Other HAL subsidiaries | 259 | 204 | |
9,242 | 8,526 |
33.2 Loans to/ from Related Parties
The Group had loans granted to senior managers of the Group and its subsidiaries as part of various share-based payment plans. These loans were fully repaid in 2019. Interest income of €25 was accrued in 2019 (2018: €61).
No advance payments, guarantees or other loans have been provided to key management.
The Group has received loans from non-controlling interests holders of €3,830 (2018: €3,356), with interest rates ranging between 3.00% and 10.2%.
33.3 Remuneration
Management Board
Key management includes the Management Board, which consists of the CEO (S. Borchert) and CFO (W. Eelman).
The remuneration for (former) key management:
in thousands of EUR | 2019 | 2018 |
|---|---|---|
Salary and other short-term benefits | 1,470 | 1,611 |
Post-employment benefits | 70 | 169 |
Short-term variable remuneration | 788 | 486 |
Share-based payments | 201 | 7 |
Other short-term benefits | 551 | 1,500 |
Termination benefits | - | 244 |
3,081 | 4,017 |
Share-based payment plan benefits represent the amounts recognized in the consolidated Income Statement. For the movements in the share-based payment plan please refer to note 26.
Supervisory Board Remuneration
The total remuneration paid or payable to the Supervisory Board amounted to €346 (2018: €355), which comprises short-term benefits. No loans, advance payments or guarantees have been provided to the Supervisory Board.