Annual Report 2012 - ecoWise Holdings Limited

ecoWise Holdings Limitedannual report 20128531 OCTOBER 2012NOTES TO THE FINANCIAL STATEMENTS3. RELATED PARTY RELATIONSHIPS AND TRANSACTIONS (CONTINUED)3B. Key Management CompensationKey management are the directors and those persons having authority and responsibility over the activitiesof the Group. Key management compensation comprised those of directors and other key managementpersonnel totalling 9 (2011: 6) persons. Key management compensation is included under employee benefitsexpense.Group2012 2011$’000 $’000Salaries and other short-term employee benefits 2,991 1,923Equity-settled share-based expense 421 –Included in the above amounts are the following items:Group2012 2011$’000 $’000Remuneration of directors of the Company 1,327 870Remuneration of directors of the subsidiaries 363 403Fees to directors of the Company 125 110Fees to directors of the subsidiaries 183 198Equity-settled share-based expenses to directors of the Company 304 –Equity-settled share-based expenses to directors of subsidiaries 83 –Further information about the remuneration of directors of the Company is provided in the report on CorporateGovernance.