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NOTES TO THE FINANCIAL STATEMENTS

32. Related party transactions

(all amounts in Euro thousands)

  Year ended 31 December 2015

Company

Sales to related parties Purchases from related parties Amounts owed by related parties Amounts owed to related parties
  Year ended 31 December 2015      
Company Sales to related parties Purchases from related parties Amounts owed by related parties Amounts owed to related parties
Aeolian Maritime Company 1 - - 257
Albacem S,A, 2 - - 350
Interbeton Construction Materials S,A, 20,222 5,025 7,050 755
Intertitan Trading International S,A, 5,550 - 750 -
Gournon Quarries S,A, 3 - 1 -
Adocim Cimento Beton Sanayi ve Ticaret A,S, 38 - - -
Titan Cement International Trading S,A, 2 - - -
Fintitan SRL 8,425 - 3,681 -
Cementi Crotone S,R,L, 420 - - -
Titan Cement U,K, Ltd 18,015 53 3 -
Usje Cementarnica AD 7,794 - 852 -
Beni Suef Cement Co,S,A,E, 1,869 - 2,758 -
Alexandria Portland Cement Co, S,A,E 1,036 10 1,191 -
Cementara Kosjeric AD 973 4 312 -
Zlatna Panega Cement AD 1,110 - 1,074 -
Titan America LLC 4,621 7 1,506 -
Essex Cement Co, LLC 37,240 57 2,341 -
KTIMET Quarries S,A, - 2 - 2
Antea Cement SHA 1,550 3 284 -
Titan Global Finance PLC - 22,301 - 307,105
Sharrcem SH,P,K, 1,327 - 403 -
Other subsidiaries 34 - 126 -
Other related parties - 596 - 194
Executives and members of the Board - - 35 -
  110,232 28,058 22,367 308,663
Key management compensation Group Company
  2016 2015 2016 2015
Salaries and other short-term employee benefits 8,187 6,248 8,187 6,248

Key management includes executive committee members.

Directors Group Company
  2016 2015
Executive members on the Board of Directors 7 7
Non-executive members on the Board of Directors 8 8
Pages: 123