Note 27 – Related-party Information

A.	Identity of related parties:

The Group’s related parties include Kenon’s beneficial owners and Kenon’s subsidiaries, affiliates and associates companies. Kenon’s immediate holding company is Ansonia Holdings Singapore B.V. A discretionary trust, in which Mr. Idan Ofer is the ultimate beneficiary, indirectly holds 100% of Ansonia Holdings Singapore B.V.

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 key management personnel of the Company.

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

Key management personnel compensation


	For the year ended December 31,
	2023		2022
	$ Thousands
Short-term benefits		2,316		2,229
Share-based payments		296		292
		2,612		2,521

C.	Transactions with related parties (including associates):

	For the year ended December 31,
	2023			2022			2021
	$ Thousands
Sale of electricity and revenues from provision of services		31,694			94,264			88,004
Cost of sales		(2,620	)		(658	)		7,802
Dividend received from associate		154,672			727,309			143,964
Other expenses/(income), net		479			-			(337	)
Financing (income)/expenses, net		(4,130	)		580			39,901

D.	Balances with related parties (including associates):

	As at December 31,
	2023			2022
	Other related parties *
	$ Thousands
Cash and cash equivalent		55,505			176,246
Short-term deposits and restricted cash		-			35,662
Trade receivables and other receivables		33,668			15,421
Other payables		(108	)		(535	)

Loans and Other Liabilities
In US dollar or linked thereto		(43,171	)		(34,524	)

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

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

E.	For further investment by Kenon into OPC, see Note 11.A.7 and 11.A.8.