28.1 Collaboration agreements
Meijburg & Co.
In the Netherlands, the Group collaborates with an independent firm of tax consultants, Meijburg & Co. The financial figures of this firm are not included in the consolidated financial statements of KPMG N.V.
KPMG International
KPMG N.V., registered with the Dutch Chamber of Commerce, is a subsidiary of Coöperatie KPMG U.A. and a member firm of the KPMG network of independent member firms affiliated with KPMG International. As a result of this affiliation, the Group collaborates closely with other KPMG member firms.
28.2 Related parties
28.2.1 Parent company
Coöperatie KPMG U.A. holds the shares in KPMG N.V. The members of the Cooperative are the practice companies owned by partners. Under these agreements, the services of the partners are made available to the Cooperative, which in turn makes these services of the partners available to KPMG N.V. and its subsidiaries.
Transactions between the Group and Coöperatie KPMG U.A. during 2022/2023 can be specified as follows:
|
EUR 000 |
2022/2023 |
2021/2022 |
|
Management fees |
-76,293 |
-117,415 |
|
Interest paid to Coöperatie KPMG U.A. |
-5,945 |
-4,530 |
|
Repayment of share premium |
-1,320 |
-990 |
As at 30 September, the following positions relate to Coöperatie KPMG U.A.:
|
EUR 000 |
30 September 2023 |
30 September 2022 |
|
Loans received from Coöperatie KPMG U.A. |
125,535 |
162,407 |
28.2.2 Key management
Board of Management
As at 30 September 2023, 2 members of the Board of Management (2021/2022: 3 members) indirectly hold 1% (2021/2022: 2%) of shares in the Group in aggregate.
Compensation of the Group’s key management includes management fees, salaries, non-cash benefits and contributions to a post‑employment defined contribution plan. Compensation can be specified as follows:
|
EUR 000 (if applicable) |
S. Hottenhuis |
M.A. |
M. Hogeboom* |
E. Herrie |
M.W.J.Van de Luur* |
Total |
|
2022/2023 |
||||||
|
FTEs (pro rata) |
1.0 |
1.0 |
0.8 |
1.0 |
0.2 |
4.0 |
|
Management fees |
– |
880 |
927 |
1,174 |
127 |
3,108 |
|
Short-term employee benefits |
1,213 |
– |
– |
– |
– |
1,213 |
|
Interest |
4 |
41 |
27 |
37 |
9 |
118 |
|
Post-employment benefits |
18 |
– |
– |
– |
– |
18 |
|
Bridging allowance |
– |
– |
91 |
– |
– |
91 |
|
Other short-term benefits |
16 |
15 |
9 |
13 |
4 |
57 |
|
Total |
1,251 |
936 |
1,054 |
1,224 |
140 |
4,605 |
|
EUR 000 (if applicable) |
S. Hottenhuis |
R.P. Kreukniet |
M. Hogeboom |
E. Herrie |
Total |
|
|
2021/2022 |
||||||
|
FTEs (pro rata) |
1.0 |
1.0 |
1.0 |
1.0 |
4.0 |
|
|
Management fees |
– |
1,173 |
1,173 |
1,173 |
3,519 |
|
|
Short-term employee benefits |
1,311 |
– |
– |
– |
1,311 |
|
|
Interest |
4 |
33 |
31 |
26 |
94 |
|
|
Post-employment benefits |
23 |
– |
– |
– |
23 |
|
|
Other short-term benefits |
16 |
27 |
11 |
15 |
69 |
|
|
Total |
1,354 |
1,233 |
1,215 |
1,214 |
5,016 |
- * M.W.J. Van de Luur was appointed as ad interim Head of Assurance per 14 July 2023, succeeding M.A. Hogeboom who stepped down as per the same date. Therefore, she is considered to be part of key management for 2022/2023. As of 17 October 2023, she was formally appointed as Head of Assurance and as member of the Board of Management. M.A. Hogeboom received a bridging allowance from 14 July to 30 September 2023 for the intended transition as member of the Board of Management back to the business of KPMG.
In addition, the Group has the following outstanding balances in the form of equity and loans payable to the Board of Management:
|
EUR 000 |
S. Hottenhuis |
M.A. Broskij |
E. Herrie |
M.W.J.Van de Luur* |
Total |
|
30 September 2023 |
|||||
|
Equity contribution in Coöperatie KPMG U.A. by key management |
– |
120 |
180 |
180 |
480 |
|
Loans payable to key management |
50** |
799 |
914 |
637 |
2,400 |
|
EUR 000 |
S. Hottenhuis |
R.P. Kreukniet |
M. Hogeboom |
E. Herrie |
Total |
|
30 September 2022 |
|||||
|
Equity contribution in Coöperatie KPMG U.A. by key management |
– |
180 |
180 |
180 |
540 |
|
Loans payable to key management |
50** |
589 |
658 |
705 |
2,002 |
- * This includes M.W.J. Van de Luur, as mentioned above.
- ** Relates to employee bonds.
Supervisory Board
Supervisory Board members received a total remuneration of EUR 461 (2021/2022: EUR 320). Remuneration can be specified as follows:
|
EUR 000 (if applicable) |
R.H.L.M. van Boxtel* |
G. Boon |
C. Bulten |
L. Hovius |
J.C.M. Sap |
K. Singh |
S. Berendsen |
B.E.M. Wientjes* |
Total |
|
2022/2023 |
|||||||||
|
Short-term benefits |
71 |
79 |
76 |
79 |
69 |
76 |
7 |
4 |
461 |
|
EUR 000 (if applicable) |
B.E.M. Wientjes** |
G. Boon |
R.H.L.M. van Boxtel** |
C. Bulten |
L. Hovius |
J.C.M. Sap |
K. Singh |
Total |
|
|
2021/2022 |
|||||||||
|
Short-term benefits |
12 |
58 |
69 |
57 |
34 |
58 |
32 |
320 |
- * R.H.L.M. van Boxtel was chair of the Supervisory Board until 25 June 2023, and was succeeded by B.E.M. Wientjes per 14 September 2023
- ** B.E.M. Wientjes was chair of the Supervisory Board until 30 November 2021, and was succeeded by R.H.L.M. van Boxtel as per 1 December 2021.