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## Notes to the Financial Statements 

for the year ended 30 June 2004 

## 28. RELATED PARTIES 

## (a) Directors and speci fi  ed executives 

Disclosures relating to directors and speci fi  ed executive are set out in Note 23. 

## (b) Transactions with entities in the wholly-owned group 

St Barbara Mines Limited is the parent entity in the wholly-owned group comprising the Company and its wholly-owned subsidiaries. 

During the year the Company advanced loans of $61,733 (2003: $229,776) to entities in the wholly-owned group. Repayments and advances were received of $nil (2003: $99,000) from entities in the wholly-owned group. The Company provided accounting and administrative assistance free of charge to all its wholly-owned subsidiaries. 

Loans payable to and advanced from wholly-owned subsidiaries to the Company are interest free. 

## (c) Transactions with non-wholly owned entities in the consolidated entity 

The Company provided funding to NuStar, a controlled entity but not wholly owned, for part of the year as follows: 

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The loan was secured by way of a fi  xed and fl  oating charge over substantially all of the assets and undertakings of NuStar. The loan bears interest at 10% per annum compounded monthly and expires on 1 January 2005 at which time the loan becomes repayable in full. Pursuant to a resolution by NuStar shareholders at the Annual General Meeting held on 12 December 2003, the Company converted $17.6 million of the amount owing by NuStar to the Company into fully paid ordinary shares in NuStar. Accordingly, 352,000,000 fully paid ordinary shares in NuStar were issued to the Company in full satisfaction of the debt of $17.6 million owing. Subsequently, the security of the fi  xed and fl  oating charge over substantially all of the assets and undertakings of NuStar was released in full. 

During the year, Bushsun a wholly owned subsidiary of NuStar acquired 15,650,000 shares in Strata Mining Corporation Ltd, a listed entity. Refer Note 14. Mr S W Miller was a director of Strata during the fi  nancial year. 

## (d) Amounts receivable from and payable to entities in the wholly-owned group and controlled entities 

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