Chapters
Annual Report 2020

30. Related Parties

30.1 Transactions and positions with Related Parties

During 2020 GrandVision acquired goods from Safilo (a group company of HAL Holding N.V.) for an amount of €43,827 (2019: €55,215).

Other positions with Related Parties are as follows:

in thousands of EUR

Notes

2020

2019

Other receivables:

Safilo

2,733

4,165

16

2,733

4,165

Trade and other payables:

Safilo

5,017

7,097

HAL Optical Investments B.V.

1,886

1,886

Other HAL subsidiaries

471

259

27

7,374

9,242

30.2 Loans to/ from Related Parties

No advance payments, guarantees or other loans have been provided to key management.

The Group has received loans from non-controlling interests holders of €3,373 (2019: €3,830), with interest rates ranging between 3.0% and 6.7%.

30.3 Remuneration

Management Board

Key management includes the Management Board, which consists of the CEO (S. Borchert) and CFO (W. Eelman).

The remuneration for (former) key management:

in thousands of EUR

2020

2019

Salary and other short-term benefits

1,452

1,470

Post-employment benefits

30

70

Short-term variable remuneration

673

788

Share-based payments

379

201

Other short-term benefits

2,744

551

5,278

3,080

Share-based payment plan benefits represent the amounts recognized in the consolidated Income Statement. For the movements in the share-based payment plan please refer to note 25.

Other short-term benefits relate to retention bonuses for management. For more information in relation to the retention bonuses please refer to note 26.

Supervisory Board Remuneration

The total remuneration paid or payable to the Supervisory Board amounted to €303 (2019: €346), which comprises short-term benefits. No loans, advance payments or guarantees have been provided to the Supervisory Board.