Balances and transactions between Solvay SA and its subsidiaries, which are related parties of Solvay SA, have been eliminated in 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

 

2018

 

2017

 

2018

 

2017

Associates

 

12

 

16

 

5

 

8

Joint ventures

 

55

 

33

 

23

 

19

Other related parties

 

27

 

10

 

49

 

57

Total

 

95

 

59

 

77

 

85

In € million

 

Amounts owed by related parties

 

Amounts owed to related parties

 

2018

 

2017

 

2018

 

2017

Associates

 

1

 

1

 

 

 

 

Joint ventures

 

2

 

1

 

2

 

3

Other related parties

 

10

 

15

 

10

 

15

Total

 

13

 

18

 

12

 

18

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 the consolidated statement of financial position:

In € million

 

2018

 

2017

Wages, charges and short-term benefits

 

3

 

3

Non-compete fee

 

2

 

 

Long-term benefits

 

13

 

11

Cash-settled share-based payments liability

 

5

 

5

Total

 

23

 

19

Expenses of the year:

In € million

 

2018

 

2017

Excluding employer social charges and taxes

Wages, charges and short-term benefits

 

9

 

8

Non-compete fee

 

2

 

 

Long-term benefits

 

2

 

2

Share-based payments expenses

 

3

 

4

Total

 

15

 

14