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Related Party Transactions

12 Months Ended

Dec. 31, 2023

NOTE 34. RELATED PARTY TRANSACTIONS

(a)	Key Management Compensation

Key management includes members of the Board and executive management. Remuneration of directors and executive management is determined by the Board having consideration of overall performance of individuals and market trends. Information on key management compensation is shown below:


Years ended December 31,	2023		2022
Salaries, Director fees and other short-term benefits	$	5,580	$	6,350
Post-employment compensation 1		690		721
Share-based payments		8,446		8,315

Post-employment compensation represent the present value of future pension benefits earned during the year.

(b)	Other Related Party Transactions

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

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,	2023		2022
Associate – Roska DBO
Revenue	$	2,543	$	1,755
Purchases		-		4
Accounts receivable		12		22

All related party transactions are settled in cash. There were

transactions with the joint venture in Brazil.