My first Publication ocbc_ar17_fullreport_english | Page 269

49. RELATED PARTY TRANSACTIONS (continued)
BANK ($ million)
Life
assurance
fund
Subsidiaries Associates (a) Loans, placements and other receivables
At 1 January 2017
Net change
At 31 December 2017 9,303
11,205
20,508 –
410
410 12
(1)
11 22
(1)
21 –
6
6
(b) Deposits, borrowings and other payables
At 1 January 2017
Net change
At 31 December 2017 17,921
(120)
17,801 127
(24)
103 32
9
41 47
#
47 412
296
708
(c) Off-balance sheet credit facilities (1)
At 1 January 2017
Net change
At 31 December 2017 1,262
17,310
18,572 –
–
– #
–
# –
–
– 1
(#)
1
(d) Income statement transactions
Year ended 31 December 2017
Interest income
Interest expense
Rental income
Fee and commission and other income
Rental and other expenses 245
338
23
45
298 #
1
–
–
11 #
#
–
#
# #
#
–
#
– #
2
–
159
2
Year ended 31 December 2016
Interest income
Interest expense
Rental income
Fee and commission and other income
Rental and other expenses 76
201
24
38
290 –
2
–
–
4 #
#
–
#
# #
#
–
#
# #
1
–
133
#
(1)

(2)
Directors
Key
management
Off-balance sheet credit facilities refer to transaction-related and trade-related contingencies and commitments.
# represents amounts less than $0.5 million.
49.2
KEY MANAGEMENT PERSONNEL COMPENSATION
BANK
Key management personnel compensation is as follows:
Short-term employee benefits
Share-based benefits
2017
$ million 2016
$ million
38
12
50 40
15
55
Certain performance-related payments to key management personnel of the Bank in relation to the performance year 2017 included in
the above table are subject to the approval of the Remuneration Committee.
BUILDING ON OUR CORPORATE STRATEGY FOR SUSTAINABLE GROWTH
267