Globant S.A. | CIK:0001557860 | 3

  • Filed: 4/13/2018
  • Entity registrant name: Globant S.A. (CIK: 0001557860)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1557860/000114420418020505/0001144204-18-020505-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1557860/000114420418020505/glob-20171231.xml
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    • ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory

    During the year ended December 31, 2017, 2016 and 2015, the Company recognized revenues for 5,590, 6,462 and 6,655, respectively, as follows:
     
     
    For the year ended December 31,
     
     
    2017
     
    2016
     
    2015
     
     
     
     
     
     
     
    Acceleration eMarketing
     
    —

     
    —

     
    12

    Added Value
     
    13

     
    790

     
    361

    Blue State Digital
     
    —

     
    —

     
    41

    Burson Marsteller
     
    —

     
    59

     
    261

    Fbiz Comunicação Ltda.
     
    —

     
    —

     
    267

    Geometry Global
     
    —

     
    —

     
    2

    Grey Global Group Inc.
     
    1,238

     
    1,182

     
    1,011

    Group M Worldwide Inc
     
    521

     
    822

     
    868

    IBOPE Argentina
     
    —

     
    244

     
    6

    IBOPE Pesquisa de Mídia Ltda
     
    —

     
    —

     
    288

    JWT
     
    1,043

     
    919

     
    957

    Kantar Group
     
    791

     
    674

     
    282

    Kantar Retail
     
    93

     
    93

     
    69

    Mindshare
     
    —

     
    —

     
    71

    Ogilvy & Mather Brasil Comunication
     
    1,677

     
    611

     
    —

    Qualicorp
     
    —

     
    —

     
    275

    Rockfish Interactive Corporation
     
    —

     
    —

     
    77

    Tenthavenue Media ltd
     
    —

     
    —

     
    69

    TNS
     
    30

     
    579

     
    1,086

    Young & Rubicam
     
    —

     
    366

     
    652

    Mercado Libre S.R.L.
     
    —

     
    100

     
    —

    Mirum Inc.
     
    41

     
    —

     
    —

    Coretech
     
    —

     
    23

     
    —

    Total
     
    5,590

     
    6,462

     
    6,655

    The Company provides software and consultancy services to certain WPP subsidiaries and other related parties. WPP is a shareholder of the Company. Outstanding receivable balances as of December 31, 2017 and 2016 are as follows: 

     
     
    As of December 31,
     
     
    2017
     
    2016
     
     
     
     
     
    Added Value
     
    —

     
    2

    Grey Global Group Inc.
     
    104

     
    98

    Group M Worldwide Inc
     
    44

     
    59

    JWT
     
    77

     
    241

    Kantar Operations
     
    —

     
    13

    Kantar Retail
     
    23

     
    8

    Mercado Libre S.R.L.
     
    9

     
    43

    TNS
     
    206

     
    111

    Total
     
    463

     
    575

    The remuneration of directors and other members of key management personnel during each of the three years are as follows:
     
     
     
    For the year ended December 31,
     
     
    2017
     
    2016
     
    2015
     
     
     
     
     
     
     
    Salaries and bonuses
     
    4,507

     
    4,432

     
    4,211

    Total
     
    4,507

     
    4,432

     
    4,211