ANNUAL Report June 2022 Notes to the Consolidated Financial Statements 50 The Directors and Officers in office during the year were as follows: • Oliver Kleinhempel (Sonnenalee Investments Limited) Appointed Non-executive Director, 12 August 2019 Appointed Non-executive Chairman, 24 April 2020 • Stephen Layton (Bodie Investments Pty Ltd) Appointed Non-executive Director, 14 November 2017 • Richard Damon Morrow (Yavern Creek Holdings Pty Ltd) Appointed Non-executive Director, 16 March 2021 • Zhui Pei Yeo (Whitfords Holdings Investments PtyLtd) Appointed Non-executive Director, 12 August 2019 • Kevin Bruce MacNeill Appointed Chief Executive Officer, 1 April 2021 For details of disclosures relating to key management personnel, refer to Key Management Personnel disclosures Directors and Remuneration Report. (b) Transactions with other related parties: Transactions between other related parties are on normal commercial terms and conditions no more favourable than those available to other parties unless otherwise stated. There were no transactions with other related parties during the reporting period. (c) Receivable from and payable to related parties There were no trade receivables from nor trade payables to related parties at the current and previous reporting date. (d) Loans to/from related parties During the reporting period, the Group obtained a $1.5 million, 6-month unsecured loan facility from Director and shareholder, Zhui Pei Yeo, at an interest rate of 8% per annum (refer ASX Announcement “CAPEX Funding for Mt Carbine Expansion Secured” dated 2 May 2022). The repayment of this loan was subsequently extended to July 2023 hence its classification as a noncurrent liability in the Balance Sheet. There were no loans to or from related parties as at the previous reporting date. (e) Parent entity EQ Resources Limited is the parent entity. (f) Subsidiaries Interests in subsidiaries are set out in Note 18. EQ Resources Limited Annual Report 2022 81
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