ESR AR 2019 EN

Notes to the Consolidated Financial Statements 31 December 2019 216 Focused 40. RELATED PARTY TRANSACTIONS (continued) (a) Transactions with related parties (continued): Notes: (i) The Group and its subsidiaries entered into agreements with joint ventures (including their operating subsidiaries) and some associates to charge management service, which comprised the followings: a) Land acquisition fee at certain percentage of the net land cost; b) Development fee at certain percentage of total budget of project development cost during the construction period; c) Asset management fee at certain percentage of the aggregate costs of the project before stabilization or fair value after stabilization; and d) Leasing fee in respect of each new lease entered into. (ii) Advances to/(repayment from) related parties and (repayment to)/advances from joint ventures are unsecured, interest-free and repayable on demand. The maximum amounts due from related parties outstanding during the year ended 31 December 2019 is USD13,888,000 (2018: USD13,774,000). (b) Commitments with related parties The Group expects total capital commitment to associates and joint ventures to be USD76,220,000 and USD127,393,000, respectively. (c) Compensation of key management personnel of the Group: 2019 2018 USD’000 USD’000 Short term employee benefits 9,197 5,461 Post-employment benefits 30 51 Share based payment 6,006 8,737 Total compensation paid to key management personnel 15,233 14,249 41. SHARE CAPITAL As at 31 December As at 31 December 2019 2018 Authorised number of shares 8,000,000,000 4,400,000,000 As at 31 December As at 31 December 2019 2018 USD’000 USD’000 Issued and fully paid 3,037 2,689