OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 27 FINANCIAL GUARANTEE CONTRACTS Intra-group financial guarantees Intra-group financial guarantees comprise guarantees given by the Company to banks in respect of banking facilities drawn by its subsidiaries and joint ventures. The maximum exposure of the Company is $2,246.8 million (2022: $2,119.4 million). At the reporting date, the Company has not recognised an ECL provision as the amount of the allowance is insignificant. The Company does not consider it probable that a claim will be made against the Company under the guarantees. The periods in which the financial guarantees will expire are as follows: Company 2023 2022 $’000 $’000 Within one year 1,177,838 1,295,592 Between one and five years 1,068,927 726,014 Above five years – 97,834 2,246,765 2,119,440 28 RELATED PARTIES Key management personnel remuneration Key management personnel compensation comprised: Group 2023 2022 $’000 $’000 Salaries, bonuses and other costs 5,413 5,007 Contributions to defined contribution plans 113 118 Long-term incentive plan 1,061 313 6,587 5,438 Other related party transactions During the financial year, other than as disclosed elsewhere in the financial statements, the following were significant related party transactions based on agreed terms: Group 2023 2022 $’000 $’000 Associates and joint ventures Property and asset management fee income 4,787 5,026 Project management fee income 5,347 5,194 Rental income – 4,436 Notes to the Financial Statements Year ended 31 December 2023 213 ANNUAL REPORT 2023
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