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## Consolidated Notes to the Financial Statements 

## Note 50 – 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 42. 

## Equity interests in associates and jointly controlled entities 

Details of interests in associates and jointly controlled entities are disclosed in Note 18. 

## Key management personnel 

Disclosures relating to key management personnel are set out in Note 47 and in the Directors’ Report. 

## Loans to associates 

On 29 June 2012, the consolidated entity completed the acquisition of Great Energy Alliance Corporation Pty Limited (GEAC), increasing its ownership from 32.54% to 100%. At the date of acquisition, the loan principal of $122.0 million and accrued interest of $4.5 million owing by GEAC to the Parent Entity have been eliminated on consolidation. During the financial year, interest of $11.7 million (2011: $10.7 million) was accrued of which $11.4 million (2011: $10.2 million) was capitalised as loan principal. 

## Loans to jointly controlled entities 

On 6 October 2011, the consolidated entity and its joint venture partner, APA Group, entered into a loan facility agreement with Diamantina Holding Company Pty Limited (DPS Holdco) to provide interim funding in equal proportions for the construction of the 242 MW gas-fired power station in Mt Isa, Queensland. At the end of the reporting period, the consolidated entity has provided a loan of $89.7 million (2011: $nil) including capitalised interest of $2.3 million (2011: $nil) to DPS Holdco. The loan is unsecured, at market interest rates and is repayable on completion of the external financing arrangements for DPS Holdco. 

The Parent Entity has provided a loan to Central Queensland Pipeline Pty Ltd of $1.5 million (2011: $1.5 million) for operational expenditure purposes. The loan is unsecured, interest free and has no fixed repayment terms. 

During the financial year, the interest free loan provided to Energy Infrastructure Management Pty Ltd of $0.4 million (2011: $0.4 million) was repaid. 

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The amounts outstanding are unsecured, interest free 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, jointly controlled entities and joint ventures. 

## Amounts owing to jointly controlled entities 

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