ANNUAL Report June 2023 Notes to the Consolidated Financial Statements 56 (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 2024 hence its classification as a noncurrent liability in the Statement of Financial Position. 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. Notes to the Consolidated Financial Statements continued 98 EQ Resources Limited Annual Report 2023
RkJQdWJsaXNoZXIy MjE2NDg3