ESR Group Limited Annual Report 2023 217 Notes to the Consolidated Financial Statements 31 December 2023 40. RELATED PARTY TRANSACTIONS (continued) (c) Compensation of key management personnel of the Group: 2023 2022 US$’000 US$’000 Short term employee benefits 9,836 9,665 Pension scheme contributions 43 32 Share-based compensation expense 3,495 2,683 Total compensation paid to key management personnel 13,374 12,380 (d) Loans to Directors Loans to Directors, disclosed pursuant to section 383(1)(d) of the Hong Kong Companies Ordinance and Part 3 of the Companies (Disclosure of Information about Benefits of Directors) Regulation, are as follows: Name At 1 January 2022 Maximum amount outstanding during the year At 31 December 2022 and 1 January 2023 Maximum amount outstanding during the year At 31 December 2023 US$’000 US$’000 US$’000 US$’000 US$’000 Mr. Stuart Gibson 4,853 4,600 4,600 5,244 5,244 Mr. Charles Alexander Portes 4,853 4,600 4,600 5,244 5,244 Loans granted to directors bear interest at SOFR plus 4% (2022: Libor plus 4%) per annum, and they are unsecured. As of 31 December 2023, the loan is payable. Loans to Directors and the related interest receivables were included in the balance of prepayments, other receivables and other assets as of 31 December 2023. 41. SHARE CAPITAL As at 31 December As at 31 December 2023 2022 Authorised number of shares 8,000,000,000 8,000,000,000 As at 31 December 2023 As at 31 December 2022 US$’000 US$’000 Issued and fully paid 4,280 4,422 CORPORATE GOVERNANCE FINANCIAL STATEMENTS STRATEGIC REPORTS
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