Page 111 - Paragon Annual Report 2

Notes to the consolidated financial statements (continued) 30 Related party transactions (continued)
Associates
Transactions and year-end balances with associates were:
Sales – Purchases – Amounts due from associates – Amounts due to associates –
These amounts include the transactions and balances with European Direct Mail Specialists Limited and Response Handling Centre Limited.
Other related parties
Transactions and year-end balances with other related parties were:
Interest received – Cash and cash equivalents –
This includes an interest bearing cash deposit held with Next Week Limited, a company that shares a common director.
Key management personnel
Transactions and year-end balances with key management personnel were:
Interest payable to shareholder 14 Dividend payable to shareholder 1,375 Interest received from companies with common key management personnel 45 Amounts due from companies with common key management personnel 249 Amounts due to companies with common key management personnel 20
The amounts owed represent unpaid historic balances and unpaid remuneration to Investment Paragon Limited, Grenadier Management Limited, Parapet Limited and Elruca Limited.
Details of the directors are given on page 46. Key management personnel are considered to be the directors, and their remuneration is not contained in this note as it has been disclosed within Note 5.
31 Events since the Consolidated Statement of Financial Position date
On 27 October 2017 the Group acquired the entire share capital of Document Management Solutions Limited.
On 2 November 2017 the Group concluded an additional £25,000,000 credit facility bearing an interest rate of 3 months LIBOR plus 0.9%.
On 6 November 2017 the Group acquired the entire share capital of docsellent GmbH.
The annual financial impact of these acquisitions is estimated to be an increase in sales of €18,000,000 and an increase in EBITDA of €1,700,000.
32 Ultimate controlling party
2017
3,100
16
17
76
20
62
2016
| 107
€000
€000
2017
2016
€000
€000
2017
2016
€000
15
252
1
47
309
€000
The ultimate controlling party is Patrick James Crean.
Paragon Group Limited – 05258175