How generous are Sino, on page 52 of the 2013 annual report it states the following...
(C) LOAN FACILITIES Loan facilities 2,100,000 2,100,000 Amount utilised 1,127,562 962,669 Amount unutilised 972,438 1,137,331 The Company has received continuing loan facilities: - with a limit of $1,000,000 (2012: $1,000,000) from Sino Strategic International Limited, It has no maturity date and the interest rate at the end of the financial year was 4.81% (2012: 5.59%) - with a limit of $1,100,000 (2012: 1,100,000) from Sino Investment Services Pty Ltd. It matures on 30 September 2014 and the interest rate at the end of the financial year was 4.81% (2012: 5.59%).
Now on page 52 of the 2014 annual report its states the following....
The Company has received continuing loan facilities: - with a limit of $1,000,000 (2013: $1,000,000) from Sino Strategic International Limited, It has no maturity date and the interest rate at the end of the financial year was 4.66% (2013: 4.81%) The loan is repayable, under an agreement between the companies, only at the discretion of the board of the GoConnect. - with a limit of $1,500,000 (2013: 1,100,000) from Sino Investment Services Pty Ltd. It matures on 30 September 2015 with no interest.