Republic Bank Limited
116
For the year ended September 30, 2015. Expressed in thousands of Trinidad and Tobago dollars ($’000) except where otherwise stated
Notes to theConsolidatedFinancial Statements
4
Financial
20 RELATED PARTIES
Parties are considered to be related if one party has the ability to control the other party or exercise significant influence over the other
party in making financial or operating decisions. A number of banking transactions are entered into with related parties in the normal
course of business. These transactions are both secured and unsecured and were carried out on commercial terms and conditions, at
market rates.
2015
2014
Advances, investments and other assets
Directors and key management personnel
17,717
14,993
Other related parties
101,095
234,548
118,812
249,541
Deposits and other liabilities
Directors and key management personnel
63,434
64,886
Other related parties
75,848
108,705
139,282
173,591
Interest and other income
Directors and key management personnel
1,229
1,290
Other related parties
7,576
15,961
8,805
17,251
Interest and other expense
Directors and key management personnel
7,551
7,136
Other related parties
2,558
3,813
10,109
10,949
Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities
of the Group.
2015
2014
Key management compensation
Short-term benefits
30,508
27,747
Post employment benefits
1,750
11,177
Share-based payment
6,912
8,150
39,170
47,074
