2011 Annual Report - Khaleeji Commercial Bank BSC

KHALEEJI COMMERCIAL BANK BSC
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
for the year ended 31 December 2011
BD 000’s
23. RELATED PARTY TRANSACTIONS (continued)
2011 associates Key Significant Assets under Total
management shareholders / management
personnel entities in (including
which directors special purpose
are interested
entities)
Income
Management fees - - - 618 618
Income from financing assets
and assets acquired for leasing 91 - - 548 639
Income from investment securities - - - 243 243
Share of losses from associate companies (1,226) - - - (1,226)
Expenses
Return to investment account holders 2 5 13 402 422
Expenses on placements from
financial institutions - - 53 - 53
Other expenses - - - 11 11
Impairment allowances - - - 795 795
2010 Associates Key Significant Assets under Total
management shareholders / management
personnel entities in (including
which directors special purpose
are interested
entities)
Income
Income from investment banking services - - - 47 47
Management fees - - - 1,260 1,260
Income from financing assets
and assets acquired for leasing 95 - - 643 738
Income from investment securities - - 1,244 50 1,294
Share of losses from associate companies (1,005) - - - (1,005)
Expenses
Return to investment account holders 112 - 74 992 1,178
Other expenses - 16 - 138 154
Impairment allowances - - - 1,433 1,433
Compensation of key management personnel
Key management personnel of the Bank comprise of the Board of Directors and key members of management having
authority and responsibility for planning, directing and controlling the activities of the Bank. The key management personnel
compensation during the year is as follows:
2011 2010
Board member fees 76 35
Board member allowances 120 164
Salaries and other short-term benefits 862 1,142
Consolidated Financial Statements
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