28 Related parties
The Group has a related party relationship with its subsidiaries and with key management personnel (members of the Board of Directors and the Management Board).
The total compensation paid to the key management personnel was:
CHF 1,000 | 2013 | 2014 |
Short-term employee benefits | 3,998 | 4,743 |
Post-employment benefits | 425 | 474 |
Termination benefits | 230 | – |
Share-based payment1 | 1,239 | 4,033 |
|
|
|
Total compensation | 5,892 | 9,250 |
1 See note 10.4 for more details
The Group recognized termination benefits amounting to CHF 0.2 million in 2013 for one member of the Management Board. They relate to contractually agreed fixed and variable salaries as well as contributions to social security that are payable for the period in which the member was released from work prior to the termination of his employment.
For further details concerning compensation, please refer to the compensation report. The information reported in this note and the information provided in other parts of the annual report may differ due to different recognition and valuation principles.