Accounting policy
We identified key management personnel, associates, and joint ventures as related parties. For associates and joint ventures, see Note 10 Associates and joint arrangements. Key management personnel are those persons having authority and responsibility for planning, directing, and controlling the activities of the entity, directly or indirectly, as defined by IAS 24 ‘Related Parties’. IAS 24 requires the disclosure of the remuneration of key management personnel divided into: short-term employee benefits (salary and short-term incentive), post-employment (pension expenditure) and other long-term benefits, termination benefits, and share-based payment cost (share-based compensation).
Transactions with associates and joint ventures
We may issue guarantees as credit enhancement of associates to acquire bank facilities for these associates. dsm-firmenich has provided guarantees to third parties for debts of associates for an amount of €19 million (2024: €21 million). In 2025, dsm-firmenich recognized €19 million in expected credit losses for loans to and receivables from related parties. Other related-parties disclosures relate entirely to key management of dsm-firmenich, being represented by the company’s management.
|
|
2025 |
|
2024 |
|---|---|---|---|---|
Sales to |
|
65 |
|
44 |
Purchases from |
|
106 |
|
139 |
Loans to |
|
72 |
|
54 |
Receivables from |
|
45 |
|
39 |
Payables to |
|
14 |
|
18 |
Interest from |
|
6 |
|
1 |
Commitments to |
|
3 |
|
12 |
Key management personnel
The Members of the Board of Directors and the Members of the Executive Committee of dsm-firmenich meet the definition of key management personnel. Personnel expenses are recognized in the corresponding service period. No loans or guarantees have been provided to the Members of the Board of Directors or the Members of the Executive Committee.
in € thousand |
|
20252 |
|
20242 |
||||||
|---|---|---|---|---|---|---|---|---|---|---|
Base salary/Committee fee in cash |
|
8,830 |
|
9,183 |
||||||
Employer pension contribution |
|
1,397 |
|
1,395 |
||||||
Short-Term Incentive |
|
4,588 |
|
11,693 |
||||||
Share-based compensation1 |
|
7,445 |
|
8,261 |
||||||
Other |
|
1,962 |
|
5,492 |
||||||
Subtotal |
|
24,222 |
|
36,024 |
||||||
|
|
|
|
|
||||||
Employer social securities |
|
1,862 |
|
1,646 |
||||||
Total |
|
26,084 |
|
37,670 |
||||||
|
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