Related Parties

12 Months Ended

Dec. 31, 2021

NOTE 32. RELATED PARTIES

Enerflex transacts with certain related parties as a normal course of business. Related parties include Roska DBO, the Company’s 45 percent equity investment, the Company’s 50 percent controlling interest in Geogas consortium, and the Company’s 65 percent interest in a joint venture in Brazil.

On December 22, 2020, Enerflex entered into an agreement to terminate an entity and to purchase the assets of that entity for net consideration of $6.7 million Brazilian real ($1.7 million Canadian dollars). This purchase was recorded as a transaction between shareholders. The entity had previously been fully consolidated and a

non-controlling

interest had been recorded in equity and net earnings. Upon termination of the entity, the related

non-controlling

interest was reduced to nil, and a retained earnings adjustment of $0.2 million was recorded to reflect the difference between the purchase price and the amount by which the

non-controlling

interest was adjusted.

All

transactions occurring with related parties were in the normal course of business operations under the same terms and conditions as transactions with unrelated companies. A summary of the financial statement impacts of all transactions with all related parties is as follows:


Years ended December 31,	2021		2020		2019
Associate – Roska DBO
Revenue	$	352	$	558	$	509
Purchases		—		—		—
Accounts receivable		128		1		4
Accounts Payable		—		56		—

Joint Operation – Geogas
Revenue	$	—	$	—	$	62
Purchases		—		—		74
Accounts receivable		—		—		19
Accounts payable		—		—		—

All related party transactions are settled in cash.

There were no transactions with the joint venture in Brazil.

The remuneration of directors and other key management personnel was as follows:


Years ended December 31,	2021		2020		2019
Short-term compensation	$	5,711	$	6,344	$	4,747
Post-employment compensation		580		515		413
Share-based payments		6,979		8,011		7,857

The remuneration of directors and key executives is determined by the Board of Directors having regard to the performance of individuals and market trends.