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v3.23.1

Related Party Transactions | 12 Months Ended
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Dec. 31, 2022
Related party transactions [abstract] |
Related party transactions | 3 4 . Related party transactions Transactions with directors and executive board management members (key management personnel) Pursuant to IAS 24 — Related Party Disclosures, the related parties of the Group are all entities and individuals capable of exercising control, joint control or significant influence over the Group and its subsidiaries. In addition, members of the Board of Directors and executives with strategic responsibilities and their families are also considered related parties. The following tables summarize remuneration of directors, key executives with strategic responsibilities:
|  | For the years ended December 31, |
(Euro thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Short-term employee benefits (1) |  |  | 3,320 |  |  |  | 2,218 |  |  |  | 1,425 |
Employee share-based compensation |  |  | 4,680 |  |  |  | 4,876 |  |  |  | 3,751 |
Total |  |  | 8,000 |  |  |  | 7,094 |  |  |  | 5,176 |
(1) | Includes corporate bodies fees, consultancy fees and personnel compensation.
Transactions with related parties In addition to the transactions and balances detailed elsewhere in these financial statements, the Group had the following material transactions with related parties during the year:
|  | For the years ended December 31, |
(Euro thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
(i) Proceeds of shareholder loan |  |  |  |  |  |  |  |  |  |  |  |
Fosun International Limited (1) |  |  | 66,531 |  |  |  | 79,684 |  |  |  | 27,238 |
Shanghai Fosun High Technology (Group) Co., Ltd .(2) |  |  | 5,853 |  |  |  | 4,510 |  |  |  | — |
Shanghai Fosun High Technology Group Finance Co., Ltd. (2) |  |  | 4,053 |  |  |  | 1,518 |  |  |  | — |
Total proceeds of shareholder loan |  |  | 76,437 |  |  |  | 85,712 |  |  |  | 27,238 |
(ii) Repayments of shareholder loan |  |  |  |  |  |  |  |
Fosun International Limited |  |  | 106,418 |  |  |  | 42,642 |  |  |  | 34,392 |
Shanghai Fosun High Technology Group Finance Co., Ltd. |  |  | 1,691 |  |  |  | 77 |  |  |  | — |
Shanghai Fosun High Technology (Group) Co., Ltd. |  |  | 177 |  |  |  | 385 |  |  |  | 3,214 |
Total repayments of shareholder loan |  |  | 108,286 |  |  |  | 43,104 |  |  |  | 37,606 |
(iii) Interest expenses |  |  |  |  |  |  |  |
Fosun International Limited |  |  | 8,355 |  |  |  | 3,754 |  |  |  | 1,185 |
Shanghai Fosun High Technology (Group) Co., Ltd. |  |  | 762 |  |  |  | 79 |  |  |  | — |
Shanghai Fosun High Technology Group Finance Co., Ltd. |  |  | 248 |  |  |  | 25 |  |  |  | — |
Total interest expenses |  |  | 9,365 |  |  |  | 3,858 |  |  |  | 1,185 |
(iv) Rental expenses |  |  |  |  |  |  |  |
Shanghai Fosun Bund Property Co., Ltd. (3) |  |  | 1,201 |  |  |  | 371 |  |  |  | — |
(v) Consulting expenses |  |  |  |  |  |  |  |
Shanghai Fosun High Technology (Group) Co., Ltd. |  |  | — |  |  |  | 263 |  |  |  | — |
(vi) Payments on behalf of the Group |  |  |  |  |  |  |  |
Shanghai Fosun High Technology (Group) Co., Ltd. |  |  | 139 |  |  |  | 147 |  |  |  | — |
Balances with related parties
|  | At December 31, |
(Euro thousands) |  | 2022 |  |  | 2021 |
(i) Borrowings |  |  |  |  |  |  |  |
Shanghai Fosun High Technology (Group) Co., Ltd. |  |  | 10,363 |  |  |  | 4,687 |
Shanghai Fosun High Technology Group Finance Co., Ltd. |  |  | 3,803 |  |  |  | 1,441 |
Fosun International Limited |  |  | — |  |  |  | 39,887 |
Total borrowings |  |  | 14,166 |  |  |  | 46,015 |
(ii) Other current liabilities |  |  |  |
Shanghai Fosun High Technology (Group) Co., Ltd. |  |  | 1,216 |  |  |  | 542 |
Shanghai Fosun Bund Property Co., Ltd. |  |  | 770 |  |  |  | — |
Fosun International Limited |  |  | 26 |  |  |  | 4,514 |
Shanghai Fosun High Technology Group Finance Co., Ltd. |  |  | 8 |  |  |  | 3 |
Total other current liabilities |  |  | 2,020 |  |  |  | 5,059 |
(iii) Other current assets |  |  |  |  |  |  |  |
Fosun International Limited |  |  | 263 |  |  |  | — |
Notes:
(1) | A shareholder of the Group.
(2) | Subsidiaries of Fosun International Limited.
(3) | Joint venture of Fosun International Limited.

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