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## Note 49 – Related party disclosures 

## Parent entity 

AGL Energy Limited is the parent entity of the consolidated entity. 

Balances and transactions between the Parent Entity and its subsidiaries, which are related parties of the Parent Entity, have been eliminated on consolidation and are not disclosed in this note. Details of transactions between the consolidated entity and other related parties are disclosed below. 

## Equity interests in subsidiaries 

Details of interests in subsidiaries are disclosed in Note 41. 

## Equity interests in associates and jointly controlled entities 

Details of interests in associates and jointly controlled entities are disclosed in Note 17. 

## Key management personnel 

Disclosures relating to key management personnel are set out in Note 46 and in the Directors’ Report. 

## Loans to associates 

The Parent Entity has provided a loan of $110.6 million (2010: $100.4 million) to Greater Energy Alliance Corporation Pty Limited (GEAC). Interest is charged at 10% per annum and payments are due in August and February. Interest of $10.7 million (2010: $10.1 million) was accrued during the year of which $10.2 million (2010: $nil) was capitalised as loan principal. Interest and principal repayments of $nil (2010: $20.2 million) were received from GEAC during the year. At the end of the reporting period, interest accrued but not yet receivable totals $4.1 million (2010: $3.7 million). The outstanding loan principal including any capitalised interest must be repaid on or before 7 April 2024. 

## Loans to jointly controlled entities 

The Parent Entity has provided loans to jointly controlled entities amounting to $1.9 million (2010: $2.0 million). Of these loans, $1.5 million (2010: $1.4 million) was to Central Queensland Pipeline Pty Ltd and $0.4 million (2010: $0.6 million) was to Energy Infrastructure Management Pty Ltd. Loans are unsecured, interest-free and have no fixed repayment terms. 

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The amounts outstanding are unsecured and will be settled in cash. No expense has been recognised in the current or the prior period for bad or doubtful debts in respect of the amounts owed by associates and jointly controlled entities. 

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