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Related parties | 12 Months Ended
--- | ---
Dec. 31, 2022
Related party transactions |
Related parties |
34 | Related parties
Apart from balances and transactions disclosed elsewhere in these consolidated financial statements, the Group has also entered into the following related party transactions under the normal course of the Group’s business:
(a) | Transactions with other related parties
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | $ |  |  | $ |  |  | $ |
Sales to a shareholder |  |  | — |  |  |  | — |  |  |  | 16,950 |
Purchase from a joint venture |  |  | — |  |  |  | 53,981 |  |  |  | 21,119 |
Services provided by a company with control from a director of the Company |  |  | 30,630 |  |  |  | 90,353 |  |  |  | — |
Legal and professional fee paid on behalf of related companies |  |  | — |  |  |  | 9,060 |  |  |  | — |
(b) | Acquisition of a subsidiary
On July 1, 2021, Prenetics EMEA Limited, an indirectly wholly-owned subsidiary of the Company, entered into a share purchase agreement to acquire 100% equity interest of DNAFit Africa (Pty) Limited from its sole shareholder, who is a staff of Prenetics EMEA Limited, at a cash consideration of ZAR1,000 (approximately equivalent to $65), resulting in a gain on bargain purchase of $117,238. Upon the completion of the acquisition, DNAFit Africa (Pty) Limited becomes a direct wholly-owned subsidiary of the Prenetics EMEA Limited.
(c) | Key management personnel compensation
Key management personnel compensation comprised as following.
|  | 2022 $ |  |  | 2021 $ |  |  | 2020 $ |
Directors’ fees |  |  | 261,110 |  |  |  | — |  |  |  | — |
Salaries, wages and other benefits |  |  | 24,549,012 |  |  |  | 2,281,701 |  |  |  | 2,206,494 |
Contributions to defined contribution retirement plan |  |  | 17,538 |  |  |  | 15,643 |  |  |  | 4,615 |
Equity-settled share-based payment expenses (note) |  |  | 30,284,686 |  |  |  | 21,500,167 |  |  |  | 913,111 |
|  |  | 55,112,346 |  |  |  | 23,797,511 |  |  |  | 3,124,220 |
| Note: | The balances are non-cash transactions for the reporting period. Details of the recognition and the fair value determination are included in note 29.

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