Wellcom_FY11-Financial-Report

Wellcom_FY11-Financial-Report

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Unformatted text preview: 20,000 20,000 25,433,211 20,000 20,000 25,473,211 - 16,000 47,310 120,000 10,000 50,000 243,310 25,696,521 - (10,000) (10,000) 10,000 16,000 47,310 120,000 10,000 40,000 233,310 25,706,521 - Directors W.W. Sidwell A. Brook C.A. Anzarut K.B. Smith Other key management personnel S. Rees L.J. Graham M. Bettridge C. Bevan M. Parker A. Sidwell C. Grawe Year ended 30 June 2010 Directors W.W. Sidwell A. Brook C.A. Anzarut K.B. Smith Other key management personnel S. Rees L.J. Graham M. Bettridge C. Bevan M. Parker J. Keene 69 Wellcom Group Limited Notes to the Consolidated Financial Statements 27. Key management personnel disclosures (continued) For personal use only e) Loans from related parties 2011 $ 1,022,383 (1,022,383) 24,116 (24,116) - Loans from related parties Beginning of the year Loans advanced Loan repayments Interest charged Interest paid End of year 2010 $ 629,178 500,000 (106,795) 40,036 (40,036) 1,022,383 No expenses have been recognised in respect of bad or doubtful debts due from related parties. f) Other transactions with directors The profit from operations includes the follo...
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This document was uploaded on 02/06/2014.

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