Balances and transactions between Solvay SA and its subsidiaries, related parties of Solvay SA, have been eliminated on 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

 

2016

 

2015

 

2016

 

2015

Associates

 

7

 

16

 

4

 

8

Joint ventures

 

71

 

164

 

46

 

78

Other related parties

 

21

 

27

 

67

 

77

Total

 

99

 

207

 

117

 

163

In € million

 

Amounts owed by related parties

 

Amounts owed to related parties

 

2016

 

2015

 

2016

 

2016

Associates

 

2

 

0

 

3

 

0

Joint ventures

 

3

 

36

 

2

 

21

Other related parties

 

19

 

8

 

17

 

7

Total

 

25

 

44

 

21

 

28

Loans to related parties

Compensation of key management personnel

Key management personnel comprise 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 € million

 

2016

 

2015

Wages, charges and short-term benefits

 

3

 

2

Long-term benefits

 

11

 

10

Cash-settled share-based payments liability

 

5

 

4

Total

 

18

 

16

Expenses of the year:

In € million

 

2016

 

2015

Excluding employer social charges and taxes

Wages, charges and short-term benefits

 

8

 

9

Long-term benefits

 

1

 

1

Share-based payments expenses

 

5

 

3

Total

 

14

 

12