45 Related Party Transactions

At Vonovia, the individuals in key positions pursuant to IAS 24 include the members of the Management Board and the Supervisory Board of Vonovia SE.

The emoluments to key management personnel, which are subject to a disclosure requirement under IAS 24, include the remuneration paid to the active members of the Management Board and Supervisory Board.

The active members of the Management Board and Supervisory Board received the following remuneration:

in € million

 

2016

 

2017

 

 

 

 

 

Short-term employee benefits (without share-based payment)

 

6.9

 

7.0

Post-employment benefits

 

1.5

 

1.8

Share-based payment

 

6.4

 

10.5

 

 

14.8

 

19.3

The service cost resulting from provisions for pensions for the active Management Board members is reported under post-employment benefits. The disclosure on share-based payments is based on the expenses in the fiscal year, which are also reported in note [46] Share-Based Payment.

The Management Board and Supervisory Board members were not granted any loans or advances.

Information on the individual remuneration of the Management Board and Supervisory Board members, as well as a description of the remuneration system, are given in the remuneration report, which is part of the combined management report, and in note [47] Remuneration.