Transactions and balances with related parties

12 Months Ended

Dec. 31, 2023

Disclosure of transactions between related parties [abstract]

Transactions and balances with related parties

31 Transactions and balances with related parties

Terms and conditions of transactions with related parties

The following is a description of related party transactions the Group has entered into since January 1, 2021, with members of our supervisory or management board, executive officers or holders of more than 10% of any class of our voting securities.

Transactions with Key management

Key management includes the senior executives. The compensation paid or payable to key management for employee services is shown below:

	For the year ended December 31,
In thousands of USD	2021	2022	2023
Short-term employee benefits	4,236	3,889	3,332
Other benefits	81	107	114
Share-based compensation	9,299	5,155	1,858
Total	13,616	9,151	5,304

Additional Compensation to the Former Members of the Management Board

In 2022, the former Management Board were also entitled to receive an additional compensation in the amount of USD 1.7 million, following their resignations. This was fully paid in 2023.

See Note 17 for additional information regarding the share-based compensation plans.