33. Related party disclosures
Key management personnel remuneration
Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of AGL, directly or indirectly, including the Directors of the Parent Entity.
The aggregate remuneration made to key management personnel is set out below:
2020 | 2019 | |
|---|---|---|
Short-term employee benefits | 8,666 | 9,758 |
Post-employment benefits | 234 | 237 |
Termination benefits | 1,023 | 3,313 |
Share-based payments | 2,644 | 2,599 |
Total remuneration to key management personnel | 12,567 | 15,907 |
Further details are contained in the Remuneration Report attached to and forming part of the Directors’ Report.
Amounts owing by joint ventures and joint operations
ActewAGL Retail Partnership | 27,428 | 53,392 |
Powering Australian Renewables Fund | - | 151 |
North Queensland Energy Joint Venture | 188 | 188 |
The amount owing is unsecured, interest free and will be settled in cash. No expense has been recognised in the current or the prior period for bad or doubtful debts in respect of the amounts owed by joint ventures.
Amounts owing to joint ventures and joint operations
Powering Australian Renewables Fund | 16,318 | 7,112 |
The amount owing is unsecured, interest free and will be net settled in cash.
Trading transactions with joint ventures and joint operations
2020 | 2019 | |
|---|---|---|
ActewAGL Retail Partnership | ||
AGL sold gas and electricity to the ActewAGL Retail Partnership on normal commercial terms and conditions. | ||
Net amounts received | 373,149 | 369,024 |
Powering Australian Renewables Fund | ||
AGL has purchased electricity and environmental products from Powering Australian Renewables Fund on normal commercial terms and conditions. | ||
Net amounts (paid)/received | (18,516) | 155 |
AGL received management fees from Powering Australian Renewables Fund for overseeing the operation and construction of its generation assets. | ||
Net amounts received | 1,762 | 1,863 |
North Queensland Energy Joint Venture | ||
North Queensland Energy Joint Venture (NQE) pays management fees to AGL as the operator of NQE. | ||
Net amounts received | 750 | 750 |