Balance as  Ordinary  Balance at 1 July  Received as  Options  Shares  Ordinary  as at 2009 Remuneration Exercised Purchased  Shares Sold  Other 30 June 2010 Executive Directors Mr Robert Hosking  12,388,820  -  500,000  -  (811,500) 25,000  12,102,320 Mr Mark Smith  2,405,000  -  750,000  -  (600,000) 17,037  2,572,037 Non-Executive Directors Mr Geoff Atkins  427,500  -  -  -  (10,000)  -  417,500 Mr Stephen Power  300,000  -  -  -  -  -  300,000 Other key management personnel Mr Scott Hosking  160,979  -  100,000  124,840  (218,469)  -  167,350 Mr Tim Hosking  149,943  -  300,000  38,070  (208,100)  -  279,913 Mr Lino Barro  -  -  200,000  -  (200,000)  -  - Mr David Ormerod  25,000  -  150,000  -  (175,000)  -  - Mr Jorg Bein  12,000  -  200,000  1,492  (210,746)  -  2,746 Total key management personnel  15,869,242  -  2,200,000  164,402  (2,433,815) 42,037  15,841,866 (e) Loans to Directors and Other Key Management Personnel (f) Other Transactions with Directors and Other Key Management Personnel $^{ }$Note 29. Related Party Transactions (a) Parent Company (b) Subsidiaries (c) Directors and Other Key Management Personnel There were no loans to Directors or other key management personnel during the financial year or previous financial year. Refer to Note 29 for other transactions with Directors and other key management personnel during the financial year. Transactions between related parties are on normal commercial terms and conditions no more favourable than those available to other parties, unless otherwise stated. The ultimate Parent Company within the Group is Karoon Gas Australia Ltd. Interests in subsidiaries are set out in Note 21. During the financial year, the Group provided accounting, administrative and technical services to subsidiaries at cost. This allocation  was based on costs recharged on a relevant time allocation of employees and consultants and associated office charges. Other transactions that occurred were advancement of intercompany loans at Nil% interest rate (2010: Nil%) and no fixed term  for repayment as it was used for funding the intercompany operations and therefore will not be repaid within twelve months.  Loans are unsecured and are repayable in cash. The above transactions are eliminated on consolidation. Parent Company guarantees provided to third parties guaranteeing a subsidiary’s performance under joint venture operating  agreements are set out in Note 23. Disclosures relating to Directors and other key management personnel are set out in the Directors’ Report and Note 28. Apart from the details disclosed in this note, no Director or other key management personnel has entered into a material contract  with the Group since the end of the previous financial year and there were no material contracts involving Directors’ or other key  management personnel interests subsisting as at 30 June 2011 other than as stated in the Directors’ Report (Remuneration  Report, Section C). 77 Karoon Gas Australia Ltd  Annual Report 2011