34. Related party transactions

Sales and purchases of goods and services

In 2021 and 2020, no management services were bought from related parties.

There were no material sales or purchases of goods and services from non-consolidated companies, from the shareholders of NORMA Group, from key management or from other related parties in 2021 and 2020.

Compensation of members of the Management Board

Compensation of the members of the Management Board according to IFRS is as follows:

Provisions for the compensation of the members of the Management Board are as follows:

Details regarding the individual provisions can be found in the respective notes.

Besides the provisions shown above, a defined benefit obligation exists for the Management Board. The present value of the obligation amounts to EUR 5,238 thousand as of December 31, 2021 (Dec 31, 2020: EUR 4,518 thousand). note 26 ‘Retirement Benefit Obligations’

Details regarding the compensation of the Management Board can be found in the  Remuneration Report

The total remuneration of the members of the Supervisory Board of NORMA Group SE for short-term employee benefits including the meeting fees paid to them amounted to EUR 561 thousand in the fiscal year 2021 (2020: EUR 458 thousand).