13. Related party transactions
(a) Key management personnel compensation
Disclosures relating to ANI’s key management personnel are set out below:
|
June 2019 |
June 2018 |
|
|
$ |
$ |
|
|
Short-term employee benefits |
2,575,926 |
2,061,956 |
|
Post-employment benefits |
147,384 |
158,748 |
|
Other long-term benefits |
49,492 |
10,478 |
|
2,772,802 |
2,231,182 |
Detailed remuneration disclosures are provided in the Remuneration Report.
(b) Directors
The directors are listed in the Directors' Report.
(c) Other related parties
(i) Australian Government Ministers
There have been no transactions with any Australian Government Ministers during the financial year.
(ii) Shareholders
The following transactions occurred with related parties:
|
June 2019 |
June 2018 |
|
|
$ |
$ |
|
|
Equity injections |
||
|
Equity injections from the Commonwealth Government into ANI |
301,450,000 |
279,500,000 |
(d) Loans to/from the Commonwealth of Australia and its related parties
|
June 2019 |
June 2018 |
|
|
$ |
$ |
|
|
Deferred purchase obligation |
||
|
Balance at beginning of period |
15,743,591 |
15,556,824 |
|
Fair value adjustment |
(330,947) |
186,767 |
|
Closing balance at 30 June |
15,412,644 |
15,743,591 |
Visit
https://www.transparency.gov.au/annual-reports/australian-naval-infrastructure-pty-ltd/reporting-year/2018-2019-65