NOTES TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION For the six months ended 30 June 2022 23. RELATED PARTY TRANSACTIONS (continued) (b) Commitments with related parties The Group’s capital commitment to associates and joint ventures as of 30 June 2022 are US$157,758,000 and US$350,055,000, respectively (31 December 2021: US$255,187,000 and US$417,249,000). (c) Compensation of key management personnel of the Group: For the six months ended 30 June 2022 2021 (Unaudited) (Unaudited) US$’000 US$’000 Short term employee benefits 4,675 2,794 Post-employment benefits 13 5 Share-based payment 591 345 Total compensation paid to key management personnel 5,279 3,144 (d) Loans to Directors Loans to Directors, disclosed pursuant to section 383(1)(d) of the Hong Kong Companies Ordinance and Part 3 of the Companies (Disclosure of Information about Benefits of Directors) Regulation, are as follows: At 1 January 2021 Maximum amount outstanding during the year At 31 December 2021 (audited) and 1 January 2022 Maximum amount outstanding during the period At 30 June 2022 (Unaudited) Name US$’000 US$’000 US$’000 US$’000 US$’000 Mr Stuart Gibson 4,600 4,853 4,853 4,600 4,600 Mr Charles Alexander Portes 4,600 4,853 4,853 4,600 4,600 Loans granted to directors bear interest at 4.5% (31 December 2021: 4.5%) per annum, and are unsecured and repayable in year 2023. Loans to Directors and the related interest receivables were included in prepayments, other receivables and other assets as of 30 June 2022. R E A C H I N G N E W H E I G H T S 80
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