Notes to the Consolidated Financial Statements (42) Related party disclosures (42.1) Key management personnel compensation Details of compensation of key management personnel are as follows: financial amounts in CHF million 2018 2017 Number of Remuner- Number of Remuner- members ation members ation Board of Directors 7 3.1 7 3.4 Corporate Management (Executive Board and Executive Management Team) 28 47.6 27 54.8 Total 35 50.7 34 58.2 Salaries and other short-term employee benefits 33.6 38.0 Post-employment benefits 3.9 3.9 Other employee benefits, mainly related to long-term incentive 13.2 16.3 Total employee benefits to key management 50.7 58.2 Employee benefits to key management include both fixed and variable components. The variable components are performance-linked and include a long-term incentive which is payable only if certain predetermined specific financial targets linked to the sustainable development and growth of the Group’s business are achieved. In accordance with IAS 19 Employee Benefits, the 2018 portion of the estimated ultimate amount payable has been recognized as an obligation at December 31, 2018, under the heading of other employee benefits (see note (22)). (42.2) Ownership of parent 100% of the registered shares of the Hilti Corporation are owned by the Martin Hilti Family Trust. Other transactions and balances with the shareholder (42.3) The Hilti Corporation rendered accounting, administration, rental and other support services to the Martin Hilti Family Trust. The amount invoiced was CHF 1.1 million (2017: CHF 1.1 million). These services were charged at cost. Additionally, the Hilti Corporation has a current liability to the Martin Hilti Family Trust of CHF 0.6 million (2017: CHF 0.4 million). (43) Events after the reporting period There were no significant transactions after the reporting period. 2018 Financial Report | 70