117 AGL Energy Limited Annual Report 2011 Note 49 – Related party disclosures Parent entity AGL Energy Limited is the parent entity of the consolidated entity. Balances and transactions between the Parent Entity and its subsidiaries, which are related parties of the Parent Entity, have been  eliminated on consolidation and are not disclosed in this note. Details of transactions between the consolidated entity and other related  parties are disclosed below. Details of interests in subsidiaries are disclosed in Note 41. Details of interests in associates and jointly controlled entities are disclosed in Note 17. Disclosures relating to key management personnel are set out in Note 46 and in the Directors’ Report. The Parent Entity has provided a loan of $110.6 million (2010: $100.4 million) to Greater Energy Alliance Corporation Pty Limited (GEAC).  Interest is charged at 10% per annum and payments are due in August and February. Interest of $10.7 million (2010: $10.1 million) was  accrued during the year of which $10.2 million (2010: $nil) was capitalised as loan principal. Interest and principal repayments of $nil  (2010: $20.2 million) were received from GEAC during the year. At the end of the reporting period, interest accrued but not yet receivable  totals $4.1 million (2010: $3.7 million). The outstanding loan principal including any capitalised interest must be repaid on or before  7 April 2024. Equity interests in subsidiaries Equity interests in associates and jointly controlled entities Key management personnel Loans to associates Loans to jointly controlled entities The Parent Entity has provided loans to jointly controlled entities amounting to $1.9 million (2010: $2.0 million). Of these loans, $1.5 million  (2010: $1.4 million) was to Central Queensland Pipeline Pty Ltd and $0.4 million (2010: $0.6 million) was to Energy Infrastructure  Management Pty Ltd. Loans are unsecured, interest-free and have no fixed repayment terms. 2011 2010 $m $m Trading transactions with associates and jointly controlled entities ActewAGL Retail Partnership The consolidated entity provided management and retail services to the ActewAGL  Retail Partnership on normal commercial terms and conditions  8.6 8.4 The consolidated entity sold gas and electricity to the ActewAGL Retail Partnership  on normal commercial terms and conditions  284.3 253.9 Greater Energy Alliance Corporation Pty Limited The consolidated entity paid difference receipts from the settlement of electricity  hedges on normal commercial terms and conditions  (89.2) (59.3) Amounts owing by associates and jointly controlled entities ActewAGL Retail Partnership  54.8 44.9 Greater Energy Alliance Corporation Pty Limited  4.1 3.7 58.9 48.6 The amounts outstanding are unsecured and will be settled in cash. No expense has been recognised in the current or the prior period for  bad or doubtful debts in respect of the amounts owed by associates and jointly controlled entities. 2011 2010 $m $m Amounts owing to jointly controlled entities ActewAGL Retail Partnership  – 2.0