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## Notes to the financial statements (cont’d) For the year ended 30 June 2012 

## 34 Related party transactions 

## (a) Ultimate parent entity 

IOOF Holdings Ltd is the ultimate parent entity in the Group. 

## (b) Loans to Directors and executives of associates and subsidiaries 

<img src='content_image/151002.jpg'>

The amounts above were advanced by Perennial Investment Partners Ltd and IOOF Investment Management Ltd for the specific purpose of assisting executives to acquire an equity interest in subsidiaries and associates of the Company. Secured interest bearing loans totalling $7,996,236 were made on commercial terms and conditions and loans totalling $2,286,717 are unsecured interest free loans. 

## (c) Transactions with key management personnel 

## i. Key management personnel compensation 

Details of key management personnel compensation are disclosed in Note 33 to the financial statements and in the Remuneration Report. 

## ii. Loans to key management personnel 

There are no loans between the Group and key management personnel. 

