The Group's related parties include parent company Teollisuuden Voima Oyj and its subsidiary and joint ventures. The related parties also include the Board of Directors and the Executive Management including the President and CEO and Deputy CEO.
Group's parent company and subsidiaries
| Company | Home country | Ownership, % | Share in voting rights, % |
| Teollisuuden Voima Oyj | Finland |
|
|
| TVO Nuclear Services Oy | Finland | 100 | 100 |
Transactions with related parties are as follows
2018
EUR 1 000 |
Sales |
Purchases |
Receivables |
Liabilities |
| Posiva Group | 10 309 | 52 554 | 4 018 | 1 974 |
2017
EUR 1 000 |
Sales |
Purchases |
Receivables |
Liabilities |
| Posiva Group | 10 225 | 48 687 | 3 654 | 9 |
Teollisuuden Voima Oyj's shareholders
According to IAS 24 -standard in addition the Group related parties are TVO's two biggest shareholders Pohjolan Voima Oyj (PVO) and Fortum Power and Heat Oy (FPH) which have significant authority and PVO's biggest owner UPM-Kymmene Oyj (UPM) and FPH's owner Fortum Oyj.
Transactions with related parties are as follows
2018
EUR 1 000 |
Sales |
Purchases |
Receivables |
Liabilities |
| PVO, Fortum Oyj, Fortum Power and Heat Oy | 287 885 | 31 194 | 634 843 | 515 045 |
2017
EUR 1 000 |
Sales |
Purchases |
Receivables |
Liabilities |
| PVO, Fortum Oyj, Fortum Power and Heat Oy | 263 641 | 9 287 | 511 690 | 528 417 |
Senior management's employee benefits
The senior management of TVO comprises the Board of Directors and the Executive Management including President and CEO and Deputy CEO. The Group has no business transactions with senior management.
EUR 1 000 | 2018
Senior management | 2017
Senior management |
| Wages, salaries and other short-term benefits | 2 352 | 2 213 |
| Total | 2 352 | 2 213 |
