Loan to CCC still not paid in full!
A refreshingly honest(Non Okap) Annual from CCC
During the 2012 year the Group received a total of $2,115,000 in accordance with a borrowings agreement entered into with Range Resources Limited, a company of which Peter Landau is a Director. Interest expense incurred in relation to the loan was $224,000 (2012: $287,000). During the 2013 year principal repayments totalled $1,175,000, leaving a principal balance outstanding of $940,000 which was assigned to an unrelated third party prior to 30 June 2013. Unpaid interest at 30 June 2013 was $50,000 (2012: $129,000).
And RSS Annual??????????
Transactions with related parties
During the prior year, Range Resources Limited entered into a loan agreement with Continental Coal Limited, a
company which Peter Landau is a Director, in which US$2,149,385 was advanced to Continental. The loan has been
repaid
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