35. RELATED PARTY TRANSACTIONS
Balances and transactions within the Group had been eliminated upon consolidation. Details of transactions between the Group and other related parties were disclosed as follows:
a. | Related parties |
In addition to those disclosed in Note 13 and NXP B.V. as a related party of the Group’s subsidiary, ASEN, over which NXP B.V. has significant influence, other related parties were as follows:
Related Parties | Relationship with the Corporation | |
ASE Cultural and Educational Foundation | Substantial related party | |
Fu Hwa Construction Co., Ltd. | Associate’s subsidiary |
b. | The Company contributed each NT$100,000 thousand (US$3,374 thousand) to ASE Cultural and Educational Foundation during 2015, 2016 and 2017, respectively, for environmental charity in promoting the related domestic environmental protection and public service activities (Note 37). |
c. | In 2016, the Company acquired patents and specific technology from DECA at NT$403,543 thousand, which was primarily based on independent professional appraisal reports. As of December 31, 2016 and 2017, NT$161,250 thousand and NT$93,000 thousand (US$3,138 thousand), respectively, has not been paid and was accrued under the line item of other payables and other non-current liabilities. |
d. | The Company contracted with Fu Hwa Construction Co., Ltd. to construct a female employee dormitory on current leased land. Total consideration was primarily based on independent professional appraisal reports. During 2015 and 2016, the employee dormitory has been capitalized for NT$504,600 thousand and NT$875,000 thousand, respectively. The female employee dormitory has been completely constructed in 2016. As of December 31, 2016, NT$228,500 thousand has not been paid and was accrued under the line item of other payables, which was fully repaid in March 2017. |
e. | In February 2016, USIE repurchased 1,801 thousand shares of USIE’s outstanding ordinary shares from the Group’s key management personnel with approximately NT$1,130,650 thousand. |
f. | Compensation to key management personnel |
For the Year Ended December 31 | ||||||||||||||||
2015 | 2016 | 2017 | ||||||||||||||
NT$ | NT$ | NT$ | US$ (Note 4) | |||||||||||||
Short-term employee benefits | $ | 812,002 | $ | 790,460 | $ | 860,631 | $ | 29,036 | ||||||||
Post-employment benefits | 3,944 | 4,790 | 2,858 | 97 | ||||||||||||
Share-based payments | 17,937 | 11,547 | - | - | ||||||||||||
$ | 833,883 | $ | 806,797 | $ | 863,489 | $ | 29,133 |
The compensation to the Company’s key management personnel is determined according to personal performance and market trends.