WindarPhotonics AnnualReport 2018 All - Flipbook - Page 62
Notes to the Financial Statements
continued
11. Directors and employees (continued)
Key management personnel compensation
Key management personnel are those persons having authority and responsibility for planning,
directing and controlling the activities of Group, and are considered to be directors of the company.
The value of all elements of remuneration received by key management in the year was as follows:
Wages and
Fair value
salaries
of warrant
Pension
and fees
costscontributionsTotal
€€€€
Year ended 31 December 2018
Directors35,872--35,872
Year ended 31 December 2017
Directors -5,656- 5,656
12. Finance income and expense
Finance expense
Year ended
31 December 2018
€
Foreign exchange losses
Interest expense on financial liabilities
measured at amortised cost
(187,291)
(144,007)
Finance expense
(269,925)
(286,338)
60
Windar Photonics - Annual Report and Accounts 2018
(82,634)
Year ended
31 December 2017
€
(142,331)