Annual Report - AWB Limited

AWB LIMITED Notes to and forming part of the financial statements for the year ended 30 September 200824. Key Management Personnel Disclosures (continued)(ii) Individuals with loans above $100,000 during the financial yearGroupBalance at the startof the yearInterest paid andpayable for the yearBalance at the endof the yearHighestindebtednessduring the year$ $ $ $2008- - - -2007Paul Ingleby 1 169,776 5,900 - 169,7761 A notional interest charge has been included in key management personnel’s total remuneration for employee loans.(f) Other transactions with key management personnelA number of directors and other key management personnel, or their personally related entities, hold positions in other entities that result inthem having control or significant influence over the financial or operating policies of those entities.These entities transacted with the company or its subsidiaries in the reporting period. The terms and conditions of those transactions were nomore favourable than those available, or which might reasonably be expected to be available, on similar transactions to unrelated entities on anarm’s length basis.The aggregate amounts recognised in respect of the following types of transactions during the year with directors and other key managementpersonnel and their personally related entities, were as follows:Other transactions with the company or its controlled entities2008 2007Transaction Specified directors/other key management personnel $ $Purchases - grains Stewart, Fitzgerald and Chamarette 299,622 907,994Rural commercial sales Fitzgerald 58,323 789,641Rural commercial purchases Davis, Fitzgerald, Chamarette and Stewart 184,406 193,412Risk management Products Simpson Payable to AWB - (178,550)Net loss for the year ended - (702,314)Fees paid during the year ended - (54,808)Deposit Account Taylor Interest earned 317 -From time to time, key management personnel of the company or its controlled entities, or their personally related entities, may purchasegoods from the Group. These purchases are on terms and conditions no more favourable than those entered into by unrelated customersand are trivial or domestic in nature.ConsolidatedAWB Limited2008 2007 2008 2007$ $ $ $25. Auditors’ RemunerationThe auditor of AWB Limited is Ernst & Young.Audit or review of the financial report of the entity and any otherentity in the Consolidated GroupOther services in relation to the entity and any other entity in theConsolidated Group - Assurance related1,835,825 1,775,800 507,000 260,000538,993 53,175 - -2,374,818 1,828,975 507,000 260,00092 www.awb.com.au