Related parties

Koninklijke DSM N.V. is the group holding company that is listed on the Euronext Amsterdam stock exchange. The financial statements of the company are included in the chapter 'Parent company financial statements'.

In the ordinary course of business, DSM buys and sells goods and services from/to various related parties in which DSM has significant influence. Transactions are conducted under terms and conditions that are equivalent to those that apply to arm's length transactions.

Transactions and relationships with related parties are reported in the table below.

Transactions with related parties

 
Joint ventures
Associates
 
2017
2016
2017
2016
Continuing operations
    
Sales to
22
27
24
43
Purchases from
6
8
381
338
Loans to
12
62
181
191
Receivables from
26
41
122
144
Payables to
24
62
141
163
Interest from
4
4
14
13

DSM may issue guarantees as credit enhancement of associates to acquire bank facilities for these associates.
DSM has provided guarantees to third parties for debts of associates for an amount of €64 million (2016: €75 million).

Other related-parties disclosure relates entirely to the key management of DSM, being represented by the company's Managing Board, Executive Committee and Supervisory Board. For further details about the remuneration of the Managing Board, the Executive Committee and the Supervisory Board, please refer to Note 13 to the 'Parent company financial statements'.