Page 39 - Lime Petrolium Annual Report 2020

c) Balances with related parties (trade payables) Related party
Group companies under control of Rex International Investments Pte. Ltd
d) Balances with related parties (trade payables) Related party
Group companies under control of Rex International Holding Ltd
e) Balances with related parties (non-current liabilities)
See note 15. Interest-bearing loans and borrowings.
Compensation to key management 2020
(Amounts in TNOK)
Position
CEO Lars B. Hübert Board of Directors
CEO Lars B. Hübert is remunerated through invoicing as self-employed.
As at 31 December 2020 there is no agreement of bonus to key management.
Salary/ Board fee
3 220 11 561
Pension contribution
Total 2020
3 220 11 561
ANNUAL REPORT 2020
2020
2019
1 116
10 514
2020
2019
402
6 405
The Company may remunerate employees in the form of options or other remuneration linked to the Company’s shares or share value. Such employees participate in the Company’s share-based bonus program.
Compensation to key management 2019
(Amounts in TNOK)
Position
CEO Terje Hagevang (CEO until 31 may 2019) CEO Lars B. Hübert (CEO from 1 June 2019) Board of Directors
Salary/ Board fee
1 237 1 610 4 237
Pension contribution
108 0 0
Total 2019
1 345 1 610 4 237
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