EDE eden innovations ltd

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-11

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    Have a look at the annual report.


    REMUNERATION REPORT (CONTINUED) Other transactions with Key Management Personnel Management fees of $300,000 were charged during the year to Princebrook Pty Ltd, with $500,000 outstanding at year end, a company in which Mr GH Solomon and Mr DH Solomon have an interest. The Management Services Agreement with the Company provides serviced offices, administration, governance and accounting staff, IT equipment and software. Legal fees of $36,574 (nil outstanding at year end), based on normal market rates, were paid to Solomon Brothers, a firm in which Mr GH Solomon and Mr DH Solomon are partners. Dr Alan Larsen purchased USD$863 (AUD$1,303) of EdenCrete for personal use during the year. The product was sold at commercial rates. The Group does not have any loans owing by Key Management Personnel at the reporting date or during the reporting period. Contractual arrangements Remuneration and other terms of employment for Key Management Personnel are formalised via service agreements. Major provi
 
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