Wellcom_FY11-Financial-Report

F other transactions with directors the profit from

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Unformatted text preview: wing items of revenue and expense that resulted from transactions other than remuneration, loans or equity holdings, with directors or their personally related entities. Revenue Kinkaid Pty Ltd Total recognised as revenue 1,150,302 1,150,302 208,727 48,756 565,376 822,859 Expenses Kinkaid Pty Ltd Legal fees Rent Total recognised as expenses - 36,758 532,620 569,378 Aggregate amounts of assets and liabilities at the end of the reporting period relating to the above types of other transactions with key management personnel of the group: Current assets 318,240 1,056 Current liabilities - Effective 1 July 2010 the Group disposed of its 50% shareholding in Kinkaid Pty Ltd (trading as Cadillac Printing) to interests associated with Wayne Sidwell, Executive Chairman of Wellcom Group Limited (refer to note 5). Mr Sidwell is a director and shareholder of Kinkaid Pty Ltd. The revenue and expenses arising during the year ended 30 June 2011 disclosed above were based on normal commercial terms and conditions. A director, Mr C.A. Anzarut, is a partner in the firm of Anzarut & Holm, Lawyers. Anzaru...
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This document was uploaded on 02/06/2014.

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