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70

13 RELATED PARTY TRANSACTIONS

(a) Key management personnel compensation

Consolidated

2016

$'000

2015

$'000

Class 1 Key management personnel - Senior management

Total remuneration

2,534

3,880

Class 2 Key management personnel - Directors and representatives

Tainui Group Holdings Limited:

-

-

M Allen

47

47

M Cockram

47

47

J Perry (Board advisor)

-

47

H W Rau*

47

47

P Rawiri*

-

47

T B Morgan*

41

-

H van der Heyden

94

94

T J R Simpson

18

-

Te Whakakitenga o Waikato Incorporated:

-

-

A Capper

-

29

H Chong

40

40

T T A S Mahuta

40

55

M Moana Tuwhangai

50

50

T B Morgan*

45

45

R Papa

65

65

K M Porima

-

39

T J Rangiawha

41

1

W Rapana

30

30

H W Rau*

40

40

P Rawiri*

40

40

T Roa

87

87

R Schaafhausen

55

44

P Te Ao

43

1

G Tootill

22

1

T P T M Tukere

40

40

J Wilson

-

39

Te Whakakitenga o Waikato Inc representatives

245

154

Close family members of key management personnel

Total remuneration

51

-

Total key management personnel and close family members compensation

3,762

5,009

Number of persons recognised as:

Class 1 - Senior management

11

12

Class 2 - Directors and representatives

216

216

* Directors and trustees who are represented on both Tainui Group Holdings Limited and Te Whakakitenga o Waikato Incorporated.

WAIKATO RAUPATU LANDS TRUST

Notes to the financial statements

FOR THE YEAR ENDED 31 MARCH 2016