Group and Company

Compensation of key management personnel of the Group

Full details of the compensation of key management personnel are given in the Directors' remuneration report.

Transactions with Directors and Directors' close family relatives

During 2017 a relative of the Chairman provided IT/Marketing consultancy services totalling £12,000 (2016: £12,000) on an arm's length basis and with terms similar to other third party suppliers. The outstanding balance at 31 March 2017 was £1,000 (2016: £1,000).

There were no other related party transactions with Directors, or Directors' close family relatives in the year (2016: £nil).

Related party transactions

Details of principal subsidiary undertakings, country of registration and principal activities are included in note 33.

Company related party transactions with subsidiaries — income/expenditure 2017

Rent income
£000
Income management fees
£000
Loan interest
£000
Total income
£000
Expenditure management fees
£000
Loan interest
£000
Total expense
£000
TR Fastenings Ltd290470760399399
TR Southern Fasteners Ltd1717
TR Norge AS2121
TR Fastenings AB4949
TR Miller BV672693
Lancaster Fastener Co Ltd2929
TR Hungary Kft4949
Viterie Italia Centrale SPA10410433
TR Kuhlmann GmbH4949
TR Asia Investments Pte Ltd569569
TR Fastenings Inc5555
TR Fastenings España – Ingenieria Industrial, S.L.11
TR Fastenings Poland Sp Zoo11
2901,479281,7973993402

Company related party transactions with subsidiaries — income/expenditure 2016

Rent
£000
Income management fees
£000
Loan interest
£000
Total
£000
Expenditure management fees
£000
TR Fastenings Ltd290405695314
TR Southern Fasteners Ltd2525
TR Norge AS3131
TR Fastenings AB4949
TR Miller BV7531106
Lancaster Fastener Co Ltd2828
TR Hungary Kft3535
Viterie Italia Centrale SPA9797
TR Asia Investments Pte Ltd498498
TR Fastenings Inc5656
2901,299311,620314
20172016
Balances receivables
£000
Balances payables
£000
Balances receivables
£000
Balances payables
£000
TR Fastenings Ltd81262163
TR Southern Fasteners Ltd42
TR Norge AS63
TR Fastenings AB164
TR Miller Holding B.V.408797
Lancaster Fastener Company Ltd2631
TR Hungary Kft63
Viterie Italia Centrale SPA2368716
TR Kuhlmann GmbH16
TR Fastenings Inc145
TR Asia Investments Holdings Pte Ltd472465
TR Formac Pte Ltd26
TR Formac (Malaysia) SDN Bhd8
TR Formac (Shanghai) Pte Ltd8
Special Fasteners Engineering Co Ltd10
Power Steel & Electro-Plating Works SDN Bhd15
TR Fastenings España - Ingenieria Industrial, S.L.350
TR Fastenings Poland Sp Zoo3025
Non-trading dormant subsidiaries267267
Trifast Overseas Holdings Ltd28,49631,2122,300
Trifast Holdings B.V.453388
31,19995433,5722,630

All related party transactions are on an arm's length basis.