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Note 27 continued

Related Party and Transaction

Transaction value year

ended 30 June

Balance outstanding year

ended 30 June

2016

$000s

2015

$000s

2016

$000s

2015

$000s

Income has been received by Tourism New Zealand from:

J Thorburn (Director): Intercity Group Limited — Income

received by TNZ for tourism-related services.

6

8

-

2

N Thompson (Director): Auckland Tourism, Events &

Economic Development — Income received by TNZ for

tourism-related services.

468

888

-

249

J Spice (Director): Touch of Spice Ltd — Income received

by TNZ for tourism-related services.

5

7

-

-

K Bowler (Director): Pacific Asia Travel Association —

Provision of membership fees.

48

-

-

-

Payments have been made by Tourism New Zealand to:

R Leggat (Director): New Zealand Post Limited and Nga

Haerenga — The New Zealand Cycle Trail Inc for provision of

postal services and tourism-related services respectively.

30

3

-

-

J Thorburn (Director): Intercity Group Limited — Provision

of tourism-related services to TNZ.

16

6

-

-

J Spice (Director): Touch of Spice Ltd — Provision of

tourism-related services to TNZ.

2

25

-

-

N Thompson (Director): Auckland Tourism, Events &

Economic Development — Provision of tourism-related

services to TNZ.

70

10

-

-

K Bowler (Director): Tourism Industry Association —

Provision of tourism-related services to TNZ.

175

3

-

-

J Tuuta (Director): Venture Taranaki Trust — Provision of

tourism-related services to TNZ.

12

-

-

-

C Parkin (Director): Museum Hotel — Provision of tourism-

related services to TNZ.

-

29

-

-

K Pendergast (25% owner (with husband)): Quality Hotel

and Comfort Hotel — Provision of services to TNZ.

-

3

-

-

Key management personnel compensation

Key management personnel includes all board members, the Chief Executive and 10 (2015: 10) members of the Executive Team.

Parent

2016

$000s

2015

$000s

Remuneration of the Board of Directors:

Salaries and other short-term benefits

204

209

Remuneration of the Executive Team:

Salaries and other short-term benefits

2,766

2,617

Total key management personnel compensation

2,970

2,826

72