Kenon Holdings Ltd. (ifrs-full:DisclosureOfRelatedPartyExplanatory)

Note 31 – Related-party Information

A.	Identity of related parties:

The Group’s related parties are as defined in IAS 24 – Related Party Disclosures and included: Kenon’s beneficial owners and Kenon’s subsidiaries, affiliates and associates companies.

In the ordinary course of business, some of the Group’s subsidiaries and affiliates engage in business activities with each other.

Ordinary course of business transactions are aggregated in this Note. Other than disclosed elsewhere in the consolidated financial statements during the period, the Group engaged the following material related party transactions.

Key management personnel of the Company are those persons having the authority and responsibility for planning, directing and controlling the activities of the Company. The directors, co-CEOs, chief financial officer, general counsel and vice president of business development, are considered as key management personnel of the Company.

B.	Transactions with directors and officers (Kenon's directors and officers):

B. Key management personnel compensation
	2017		2016
	$ thousands

Short-term benefits		5,632		4,352
Share-based payments		508		547
		6,140		4,899

C.	Transactions with related parties (excluding associates):

	For the year ended December 31
	2017		2016		2015
	$ thousands
Sales of electricity		102,443		148,119		135,655
Administrative expenses		331		614		329
Sales of gas		31,296		29,873		—
Financing expenses, net		18,444		14,475		10,716

D.	Transactions with associates:

	For the year ended December 31
	2017		2016		2015
	$ thousands
Sales of electricity		—		—		5,115
Operating expenses		—		—		204
Other income, net		198		178		95

E.	Balances with related parties:

	As at December									As at December
	2017									2016
	Ansonia			Other related parties *			Total			Ansonia			Other related parties *			Total
	$ thousands									$ thousands
Cash and short-term deposit		—			—			—			—			2,462			2,462
Trade receivables		—			12,778			12,778			—			12,245			12,245

Loans and Other Liabilities
In US dollar or linked thereto		75,081			242,598			317,679			45,735			222,971			268,706
Weighted-average interest rates (%)		6.00	%		7.69	%		7.29	%		6.00	%		7.24	%		6.62	%

Repayment years
Current maturities		75,081			242,598						—			—
Second year		—			—						45,735			—
Third year		—			—						—			—
Fourth year		—			—						—			—
Fifth year		—			—						—			—
Sixth year and thereafter		—			—						—			222,971
		75,081			242,598						45,735			222,971

IC, Israel Chemicals Ltd (“ICL”), Oil Refineries Ltd (“ORL”).

These balances relate to amounts with entities that are related to Kenon's beneficial owners.

F.	Regarding the ZIM's restructuring and IC’s part in the restructuring, see Note 10.C.a.

G.	Regarding the convertible loan from Ansonia to Quantum, see Note 10.C.b.6.

H.	Gas Sale Agreement with ORL, see Note 21.B.(c).

Kenon Holdings Ltd. | CIK:0001611005 |

ifrs-full:DisclosureOfRelatedPartyExplanatory