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Note 29. Related Party Transactions

Related party relationships
Hearing Australia is an Australian Government controlled entity. Related parties to this entity are KMP as detailed in note 25 and other Australian Government entities. This note provides additional related party disclosures where such disclosures are not made in other notes in this report.

Transactions with related parties
The following transactions occurred with related parties:

2019

2018

$

$

Sale of goods and services:

Sale of goods to related parties

86,850,704

89,381,779

Rendering of services to related parties

103,284,073

101,868,668

Other income:

Grant income from related parties

4,789,192

4,518,993

Payment for other expenses:

Other expenses paid to related parties

1,436,790

1,703,694

Receivable from and payable to related parties
The following balances are outstanding at the reporting date in relation to transactions with related parties:

2019

2018

$

$

Current receivables:

Trade and other receivables from related parties

2,815,415

2,643,422

Current payables:

Trade and other liabilities to related parties

25,011,245

15,473,922

Terms and conditions
All transactions were made on normal commercial terms and conditions and at market rates.