The company performs management services for a subsidiary and receives fee for this. The fee
amounted to 3 986 in 2015 (2014: 3 858).
The company receives a commission for acting as guarantor for mortgage debt in the subsidiary Belships
Supramax Singapore Pte Ltd. This amounted to 10 901 in 2015 (2014: 10 238). See note 9.
All intercompany transactions have been conducted to market terms.
In connection with the waiver the Group received on the mortgage debt on 29 December 2015, Sonata issued an on-demand guarantee amounting to USD 5 million to the lender. The guarantee carries an interest of 5%. Except for this, it has not been issued loans or provided security to or from shareholders or related parties.
Members of the management have loans from the company. These amounts to 548 per 31 December 2015 (2014: 702).