Ann: 2019 Annual Report to shareholders, page-2

Note 20. Related party transactions
Parent entity
engage:BDR Limited is the parent entity.
Subsidiaries
Interests in subsidiaries are set out in note 22.
Key management personnel
Disclosures relating to key management personnel are set out in note 18 and the remuneration report included in the
directors' report.
Loans to/from related parties
The following balances are outstanding at the reporting date in relation to loans with related parties:
Consolidated
2019
$ $
Beginning of the year 2,229,032
Loans advanced 337,503
Bonus awarded to key management personnel offset against loan balances (337,127)
Interest charged 78,285
Exchange difference 3,817
2,311,510


So a director provided a loan to BDR of $337,503 during 2019 and then funnily enough the same director just happened to get $337,127 in bonuses which are offset against the alleged loans, which means its simply a nil sum game?

Actually one better, director doesn't put in loan until day of being issued "bonus"....then......oh no i won't go there!!!!!!


Tomorrow's class will be...

How to prepay for ads with an intermediates funds to fake the revenue