Euronav NV | CIK:0001604481 | 3

  • Filed: 4/17/2018
  • Entity registrant name: Euronav NV (CIK: 0001604481)
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    • ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory

    The remuneration of the CEO can be summarized as follows:
    (in thousands of GBP)
     
    2017
     
    2016
     
    2015
    Total fixed remuneration
     
    407

     
    405

     
    405

    of which
     
     
     
     
     
     
    Cost of pension
     
    —

     
    —

     
    —

    Other benefits
     
    13

     
    11

     
    11

     
     
     
     
     
     
     
    Total variable remuneration
     
    528

     
    437

     
    863

    of which
     
     
     
     
     
     
    Share-based payments
     
    233

     
    171

     
    333

    The total amount of the remuneration paid to all non-executive directors for their services as members of the board and committees (if applicable) is as follows:
    (in thousands of EUR)
     
    2017
     
    2016
     
    2015
    Total remuneration
     
    1,015

     
    1,145

     
    1,591

    Details of outstanding balances and transactions between the Group and its joint ventures are disclosed below:
    As of end for the year ended December 31, 2016
     
     
     
     
     
     
     
     
     
     
    (in thousands of USD)
     
    Trade receivables

     
    Trade payables

     
    Shareholders Loan

     
    Turnover

     
    Dividend Income

    TI Africa Ltd
     
    241

     
    —

     
    137,615

     
    360

     
    —

    TI Asia Ltd
     
    303

     
    —

     
    65,897

     
    360

     
    —

    Fiorano Shipholding Ltd
     
    —

     
    —

     
    —

     
    265

     
    —

    Fontvieille Shipholding Ltd
     
    —

     
    —

     
    —

     
    249

     
    —

    Larvotto Shipholding Ltd
     
    —

     
    —

     
    —

     
    275

     
    —

    Moneghetti Shipholding Ltd
     
    —

     
    —

     
    —

     
    287

     
    —

    Great Hope Enterprises Ltd
     
    —

     
    —

     
    —

     
     
     
    28

    Kingswood Co. Ltd
     
    —

     
    —

     
    —

     
     
     
    23,450

    Total
     
    544

     
    —

     
    203,512

     
    1,796

     
    23,478

     
     
     
     
     
     
     
     
     
     
     
    As of end for the year ended December 31, 2017
     
     
     
     
     
     
    (in thousands of USD)
     
    Trade receivables

     
    Trade payables

     
    Shareholders Loan

     
    Turnover

     
    Dividend Income

     
     
     
     
     
     
     
     
     
     
     
    TI Africa Ltd
     
    30

     
    50

     
    100,115

     
    372

     
    —

    TI Asia Ltd
     
    130

     
    —

     
    62,647

     
    372

     
    —

    Kingswood Co. Ltd
     
    —

     
    —

     
    —

     
    —

     
    1,250

    Tankers Agencies (UK) Ltd
     
    134

     
    137

     
    —

     
    —

     
    —

    Total
     
    294

     
    187

     
    162,762

     
    744

     
    1,250

    The remuneration (excluding the CEO) consists of a fixed and a variable component and can be summarized as follows:
    (in thousands of EUR)
     
    2017
     
    2016
     
    2015
    Total fixed remuneration
     
    1,176

     
    1,175

     
    1,176

    of which
     
     
     
     
     
     
    Cost of pension
     
    35

     
    35

     
    35

    Other benefits
     
    58

     
    57

     
    57

     
     
     
     
     
     
     
    Total variable remuneration
     
    1,331

     
    1,042

     
    2,392

    of which
     
     
     
     
     
     
    Share-based payments
     
    597

     
    351

     
    1,010