34. Related party transactions
The expenses relating to remuneration of key management personnel are presented in the following table:
Salary and bonus1
Other short-term benefits2
Post employment benefits
Management board and senior management3
Management board and senior management
- In 2014, the total bonus expense amounted to €1.0 million versus €2.2 million in 2013.
- In 2014, Other short-term benefits of the Management Board and senior management included the employer's portion of social securities of €125 thousand (2013: €96 thousand). The 2013 amount included the crisis levy of €289 thousand. Although the expenses relating to the crisis levy do not represent actual benefits paid to the Management Board and senior management they have been included in the table above as these expenses were incurred in relation to their employment.
- The composition of Management Board and senior management changed from 7 to 4 in December 2013.
Certain key management personnel also hold ownership interests in TomTom NV, as disclosed in the Corporate Governance section under Notification of substantial shareholdings and short positions.
In the normal course of business, the group receives map development and support services from its associate Cyient Ltd. Such transactions take place at normal market conditions and the total payments made for these services in 2014 amounted to €18.9 million (2013: €17.5 million). There was no outstanding payable due to Cyient Ltd. as at 31 December 2014 (31 December 2013: €1.9 million). Transactions and balances with other associates are not material and hence are not disclosed.