29 Collaboration agreements and related parties - KPMG Integrated report 2023/2024

29.1 Collaboration agreements

KPMG Meijburg & Co.

In the Netherlands, the Group collaborates with an independent firm of tax consultants, KPMG 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.

29.2 Related parties

29.2.1 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. can be specified as follows:

EUR 000	2023/2024	2022/2023
Management fees	-118,545	-76,293
Interest paid to Coöperatie KPMG U.A.	-5,454	-5,945
Repayment of share premium	-990	-1,320

As at September 30, the following positions relate to Coöperatie KPMG U.A.:

EUR 000	09/30/2024	09/30/2023
Loans received from Coöperatie KPMG U.A.	156,859	125,535

29.2.2 Key management

Board of Management

As at September 30, 2024, 3 members of the Board of Management (2022/2023: 2 members) indirectly hold 2% (2022/2023: 1%) 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. Broskij	E.G. Herrie	M.W.J. Van de Luur	Total
2023/2024
FTEs (pro rata)		1.0	1.0	1.0	1.0	4.0

Management fees		–	927	1,030	925	2,882
Short-term employee benefits		1,148	–	–	–	1,148
Interest		3	45	36	42	126
Post-employment benefits		27	–	–	–	27
Other short-term benefits		19	14	16	21	70
Total		1,197	986	1,082	988	4,253

EUR 000 (if applicable)	S. Hottenhuis	M.A. Broskij	M. Hogeboom¹	E.G. Herrie	M.W.J. Van de Luur²	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

1 M.A. Hogeboom stepped down as per July 14, 2023 and received a bridging allowance from July 14 to September 30, 2023 for the intended transition as member of the Board of Management back to the business of KPMG.

2 M.W.J. van de Luur was appointed as ad interim Head of Assurance per July 14, 2023, therefore she is considered to be part of key management for 2022/2023. As of October 17, 2023, she was formally appointed as Head of Assurance and as member of the Board of Management.

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.G. Herrie	M.W.J. Van de Luur	Total
September 30, 2024
Equity contribution in Coöperatie KPMG U.A. by key management	–	150	180	180	510
Loans payable to key management	50^**	907	673	709	2,339

EUR 000	S. Hottenhuis	M.A. Broskij	E.G. Herrie	M.W.J. Van de Luur^*	Total
September 30, 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

* M.W.J. van de Luur was appointed as ad interim Head of Assurance per July 14, 2023, therefore she is considered to be part of key management for 2022/2023.

** Relates to employee bonds.

Supervisory Board

Supervisory Board members received a total remuneration of EUR 472 (2022/2023: EUR 461). Remuneration can be specified as follows:

EUR 000		B.E.M. Wientjes	J.W. Berendsen	G. Boon	C. Bulten	A.P.H.M. Hovius	K. Singh	P.H.J.M. Visée	Total
2023/2024
Short-term benefits		90	79	65	70	79	76	13	472

EUR 000	R.H.L.M. van Boxtel^*	G. Boon	C. Bulten	A.P.H.M. Hovius	J.C.M. Sap	K. Singh	J.W. Berendsen	B.E.M. Wientjes^*	Total
2022/2023
Short-term benefits	71	79	76	79	69	76	7	4	461

* 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