(b) Key management compensation The salaries and benefits of the Secretary General, Under Secretaries General and five Regional Directors of the IFRC are
set by the Governing Board. Their total benefits amounted to CHF 2,514k (2021: CHF 2,535k), comprised as follows:
2022 2021 CHF 000s CHF 000s Short-term employee benefits
2,078
2,100
Post-employment benefits
436
435
2,514
2,535
The composition of key management personnel was revised during 2022. The comparative figure for 2021 has been updated
for consistency with the 2022 presentation.
(c) Transactions with related parties during the year The transactions with related parties during the year are as follows:
2022 2021 CHF 000s CHF 000s Service income related to services provided to Pension
Fund
347
412
Outstanding receivable due from Pension Fund
-
83
Service income related to services provided to the
Standing Commission
207
232
IFRC contribution to Standing Commission operating costs
195
156
Related Party Nature of transaction Pension Fund
Standing
Commission
All transactions were made on an arm’s length basis. The outstanding receivable in 2021 was unsecured and matured within
six months after the 2021 year end. No provision for Expected Credit Losses was recognized related to the receivable.
Other than compensation arising in the ordinary course of business, as disclosed above, there were no transactions with key
management personnel. During the year, individual members of the General Assembly and Governing Board received
reimbursement for expenses properly incurred in the conduct of their duties as members of those bodies. Neither they, nor
any other person related or connected by business to them, have received any remuneration from the IFRC during the year.
