{"id":3760,"date":"2012-11-30T07:51:38","date_gmt":"2012-11-30T05:51:38","guid":{"rendered":"http:\/\/www.officetodo.com\/public\/?p=3760"},"modified":"2012-11-25T07:53:07","modified_gmt":"2012-11-25T05:53:07","slug":"related-party-transactions-note-in-the-annual-report","status":"publish","type":"post","link":"https:\/\/www.officetodo.com\/public\/related-party-transactions-note-in-the-annual-report\/","title":{"rendered":"Related party transactions note in the Annual Report"},"content":{"rendered":"<p>Related parties and transactions with them, if you have those, are to be disclosed in a separate note.\u00a0<!--more--><\/p>\n<p>What\u2019s the note about is first off stating <strong>who is considered a related party<\/strong> (note that it\u2019s something your local accounting framework should define) and then shortly describing which transactions your company has with its related parties.<\/p>\n<p>When this introductory part is done it\u2019s <strong>disclosing the transactions and related balances<\/strong> for the current and prior period that\u2019s the next part of the note. Preferably you\u2019d display the amounts divided into groups by the parties (i.e. \u201cowners\u201d or \u201cparent\u201d, \u201cclose family members of the key management personnel\u201d etc.)<\/p>\n<p>Another thing to show within this note is the remunerations paid to the management. As they are the ones managing the company it\u2019s always important to know what they get for it and furthermore if there are any liabilities due to management (shares to be issued to them, bonus schemes etc).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Related parties and transactions with them, if you have those, are to be disclosed in a separate note.\u00a0<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,46],"tags":[],"class_list":["post-3760","post","type-post","status-publish","format-standard","hentry","category-4-reporting","category-4-1-annual-report"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/comments?post=3760"}],"version-history":[{"count":2,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3760\/revisions"}],"predecessor-version":[{"id":3764,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/3760\/revisions\/3764"}],"wp:attachment":[{"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=3760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=3760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=3760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}