Page 158 - Neal and Massy Holdings Annual Report 2012

156 2012
36 Related Party Transactions (continued)
The following transactions were carried out with related parties: (continued)
2012 2011
$ $
Key management compensation:
Salaries and other short-term employee benefits 67,427 59,712
Post-employment benefits 4,383 3,881
Share-based payments - 85
71,810 63,678
Year-end balances arising from sales/purchases of goods/services:
Receivables from related parties:
Associates 14,011 17,643
Payables to related parties:
Associates 758 1,546
Loans to associates:
Beginning of year 24,005 16,652
Loans advanced during year 5,142 7,366
Loans repayments received - (53)
Interest charged 688 1,055
Interest received (945) (1,015)
End of the year 28,890 24,005
NOTES TO THE Consolidated FINANCIAL STATEMENTS
September 30, 2012
Expressed in Thousands of Trinidad and Tobago dollars