30 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:
Short-term employee benefits
- See note 12.4 for more details
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.
In connection with the acquisition of DCPM/PMAS, the Group entered into lease arrangements with related parties comprising minimum commitments of CHF 2.7 million for a lease term of five years.