ETX-10829_Etex-AR2017_WEB_2018_DEF2 (2)

6.1
Financial report
Consolidated financial statements
Etex Annual Report 2017
Financial report
Consolidated financial statements
(h) Changes in liabilities arising from financial liabilities
2017
Note 27 – Transactions with related parties
Transactions between Etex and its subsidiaries, which are related parties, have been eliminated in the consolidation and are
accordingly not included in the notes. Transactions with equity accounted investees and joint ventures are included in note 12.
Transactions with members of the Board of Directors and Executive Committee:
In thousands of EUR
January
01,
Cash
flows
Foreign exchange
movements
New
leases Transfers Disposal
Scope
in
Scope
out
December
31,
2017 2017
Bank loans 393,258 140,420 -7,665 - -13,158 - 1,906 -398 514,363
Other financial loans 524 -31 -3 - -223 - 10,946 - 11,213
Redeemable preference shares 3,407 -3,407 - - - - - - -
Non-current financial liabilities
(excluding leasing) 397,189 136,982 -7,668 - -13,381 - 12,852 -398 525,576
Non-current financial lease
liability 1,745 -79 - 2,620 -200 - 73 - 4,159
In thousands of EUR 2016 2017
Board of Directors:
Short term employee benefits 569 746
Executive Committee:
Short term employee benefits 4,988 5,855
Post employment benefits 322 505
Share based payment 192 786
Number of stock options granted during the year 120,000 137,000
Transactions with companies in which members of the Board of Directors are active, reflect third party conditions and are immaterial
in scope.
Bank loans 86,216 -75,373 -4,368 - 13,158 - - - 19,633
-
Retail bond 399,692 399,692 - - - - - - -
Bank overdrafts 3,803 -713 -45 - - - - - 3,045
Other financial loans 29,778 160,955 -685 - 223 - - - 190,271
Redeemable preference shares 3,407 -3,407 - - - - - - -
Current financial liabilities
(excluding leasing) 522,896
-
318,230 -5,098 - 13,381 - - - 212,949
Note 28 – Remuneration of statutory auditor
The world-wide audit remuneration for the statutory auditor totalled €2,209 thousand (€2,214 thousand in 2016). The fees paid to
the statutory auditor for assistance and advice amounted to €284 thousand (€281 thousand in 2016).
Current financial lease liability 112 - 4 - 200 -96 - - 220
Total loans and borrowings 921,942
-
181,327 -12,762 2,620 - -96 12,925 -398 742,904
Etex Annual Report 2017 p. 61
Etex Annual Report 2017 p. 62
156 157