| (i) | Shareholders |
As of December 31, 2017, no shareholder (December 31, 2016: one shareholder) holds more than 20% of the voting rights.
| (ii) | Transactions with key management personnel |
The compensation of managing directors and other key management personnel comprised of the following:
| 2015 | 2016 | 2017 | ||||||||||
| Short-term employee benefits | 1,633 | 1,879 | 1,538 | |||||||||
| Termination benefits | 0 | 430 | 0 | |||||||||
| Share-based payments | 1,474 | 2,292 | 1,379 | |||||||||
| 3,107 | 4,601 | 2,917 | ||||||||||
Remuneration of Affimed’s managing directors comprises fixed and variable components and share-based payment awards. In addition, the managing directors receive supplementary benefits such as fringe benefits and allowances. In the case of an early termination, the managing directors receive severance.
Compensation for other key management personnel comprises fixed and variable components and share-based payment awards.
The supervisory directors of Affimed N.V. received compensation for their services on the supervisory board of €375 (2016: €350; 2015: €296). In 2017, the Company recognized expenses for share-based payments for supervisory board members of €144 (2016: €381, 2015: €478).
Selected managing directors and supervisory directors entered into service and consulting agreements with the Company:
Dr. Ulrich Grau is a significant shareholder and Chairman of the Board of Directors of i-novion Inc., which was engaged by the Company to conduct preclinical services. In 2016, i-novion Inc. received related payments of €86.
Jens-Peter Marschner rendered consulting services amounting to €11 in 2017 and €29 in 2016.
The following table provides the total amounts of outstanding balances related to key management personnel:
| Outstanding balances | ||||||||
| December 31, 2016 | December 31, 2017 | |||||||
| Thomas Hecht | 23 | 19 | ||||||
| Richard Stead | 14 | 12 | ||||||
| Berndt Modig | 8 | 9 | ||||||
| Ferdinand Verdonck | 10 | 10 | ||||||
| Ulrich Grau | 17 | 17 | ||||||
| Bernhard Ehmer | 11 | 10 | ||||||
| Jens-Peter Marschner | 2 | 0 | ||||||