Note 29 – Related-party Information

A.	Identity of related parties:

The Group’s related parties are as defined in IAS 24 – Related Party Disclosures and include Kenon’s beneficial owners and Kenon’s subsidiaries, affiliates and associates companies.

In the ordinary course of business, some of the Group’s subsidiaries and affiliates engage in business activities with each other.

Ordinary course of business transactions are aggregated in this Note. Other than disclosed elsewhere in the consolidated financial statements during the period, the Group engaged the following material related party transactions.

Key management personnel of the Company are those persons having the authority and responsibility for planning, directing and controlling the activities of the Company. The directors, CEO and CFO are considered as key management personnel of the Company.

B.	Transactions with directors and officers (Kenon's directors and officers):

B. Key management personnel compensation

	For the year ended December 31,
	2018		2017
	$ thousands

Short-term benefits		2,475		5,632
Share-based payments		732		508
		3,207		6,140

C.	Transactions with related parties (excluding associates):

	For the year ended December 31,
	2018			2017		2016
	$ thousands
Sales of electricity		80,269			102,443		148,119
Administrative expenses		393			331		614
Sales of gas		6,868			31,296		29,873
Financing expenses, net		(2,091	)		18,444		14,475
Repayment of loan to Ansonia		(77,085	)		-		-
Repayment of loan to IC		(239,971	)		-		-

D.	Transactions with associates:

	For the year ended December 31,
	2018		2017		2016
	$ Thousands
Finance income, net		8,494		-		-
Other income, net		140		198		178

Balances with related parties:

	As at December 31,						As at December 31,
	2018						2017
	Other related parties *			Total			Ansonia			Other related parties *			Total
	$ Thousands						$ Thousands
Trade receivables		7,041			7,041			—			12,778			12,778

Loans and Other Liabilities
In US dollar or linked thereto		(1,481	)		(1,481	)		75,081			242,598			317,679
Weighted-average interest rates (%)		0.00	%		0.00	%		6.00	%		7.69	%		7.29	%

Repayment years
Current maturities		1,170						75,081			242,598
Second year		-						—			—
Third year		-						—			—
Fourth year		-						—			—
Fifth year		311						—			—
Sixth year and thereafter		-						—			—
		1,481						—			242,598

IC, Israel Chemicals Ltd (“ICL”), Oil Refineries Ltd (“ORL”).

These balances relate to amounts with entities that are related to Kenon's beneficial owners.

E.	Regarding the convertible loan from Ansonia to Quantum, see Note 9.C.b.6.

F.	Gas Sale Agreement with ORL, see Note 19.B.(a).