Annual Report - Campus Living Villages

Campus Living Villages Annual Report 09/10 1 0 1
Campus Living Finance Trust
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2010
A$’000
16. Key management personnel disclosures
a) Identification of key management personnel
Key management personnel include directors of the Responsible Entity (“RE”), CLFM.
CLFT
b) Key management personnel remuneration (denominated in A$)
June 2010 June 2009
Short term employee benefits 3,974 153,000
Total key management personnel remuneration 3,974 153,000
Other transactions with key management personnel are included in the Related party transactions note 18
17. Remuneration of auditors (denominated in A$)
During the period the following fees were paid or payables for services provided by the auditor of the stapled entity:
June 2010 June 2009
Audit of financial reports 78,300 31,900
Taxation servivces - 36,608
Balance at the end of the year 78,300 68,508
18. Related party transactions and balances
Related party transactions include key management personnel remuneration (refer note 16), loans between related parties
(refer note 8), interest received from and paid to related parties (refer note 3 and 4) and fees paid to the fund managers
CLFM (refer note 5).
June 2010 June 2009
Interest was received from related parties:
- CLV Accommodation Holdings Pty Ltd 567 543
- Campus Living Australia Trust 5,700 5,548
- CLLT USA 13 3
- CCHM Property Holdings Parent LLC 247 1,257
- CLV Salford UK Ltd 469 308
- Campus Living Villages UK Limited 107 13
- CLV UK Accommodation Holdings Pty Ltd 6 -
Interest was paid to related parties:
- Campus Living Investments Pty Ltd 188 -
- CCHM Property Holdings Parent LLC 85 -
Fund manager’s fees (refer note 5) 1,256 2,560
Related balances include:
Loans to related parties are included in Financial Assets (refer note 8) 136 182,428
Intercompany payable with CLFM for payment of directors’ fees and fund manager fees 1,750 1,349