Note 30 – Related-party transactions
During the year, the Group had transactions with joint venture company ArcelorMittal BE Group SSC AB. See Note 17 for further details.
In other regards, no transactions have taken place between BE Group and related parties that have had a material impact on the Company’s position and results.
See Note 3 for disclosures on remuneration and benefits paid to senior executives and Board members.
In 2015 the Group´s CEO acquired 60,000 put options from AB Traction. The options were valued according to an established model and acquired at market price.The options matured at June 30, 2017, and offered an opportunity to sell the corresponding shares to the price SEK 28.40 per share. No options were utilized during the period. BE Group was in no way a party in the agreement.
The Parent Company has decisive control over its subsidiaries (see Note 16) and has had the following transactions with related parties:
|Parent Company´s transactions with subsidiaries||2017||2016|
|Sales of services||92||25|
|Purchases of services||-8||-7|
|Dividend received (+)/paid (-)||98||14|
|Group contributions received(+)/paid (-)||-16||9|
|Claims on related parties on balance day||304||291|
|Debt to related parties on balance day||-187||-194|