St Barbara Mines Limited Annual Report 2004 Notes to the Financial Statements  for the year ended 30 June 2004 28. RELATED PARTIES (b) Transactions with entities in the wholly-owned group (a) Directors and speci fi  ed executives (c)  Transactions with non-wholly owned entities in the consolidated entity (d) Amounts receivable from and payable to entities in the wholly-owned group and controlled entities Disclosures relating to directors and speci fi  ed executive are set out in Note 23. St Barbara Mines Limited is the parent entity in the wholly-owned group comprising the Company and its  wholly-owned subsidiaries. During the year the Company advanced loans of $61,733 (2003: $229,776) to entities in the wholly-owned group. Repayments and advances were received of $nil (2003: $99,000) from entities in the wholly-owned group.  The Company provided accounting and administrative assistance free of charge to all its wholly-owned subsidiaries. Loans payable to and advanced from wholly-owned subsidiaries to the Company are interest free. The Company provided funding to NuStar, a controlled entity but not wholly owned, for part of the year as follows: The loan was secured by way of a  fi  xed and  fl  oating charge over substantially all of the assets and undertakings  of NuStar. The loan bears interest at 10% per annum compounded monthly and expires on 1 January 2005 at which  time the loan becomes repayable in full. Pursuant to a resolution by NuStar shareholders at the Annual General  Meeting held on 12 December 2003, the Company converted $17.6 million of the amount owing by NuStar to the  Company into fully paid ordinary shares in NuStar. Accordingly, 352,000,000 fully paid ordinary shares in NuStar  were issued to the Company in full satisfaction of the debt of $17.6 million owing. Subsequently, the security of the  fi  xed and  fl  oating charge over substantially all of the assets and undertakings of NuStar was released in full. During the year, Bushsun a wholly owned subsidiary of NuStar acquired 15,650,000 shares in Strata Mining  Corporation Ltd, a listed entity. Refer Note 14. Mr S W Miller was a director of Strata during the  fi  nancial year. Company 30 June 2004 $’000 30 June 2003 $’000 Aggregate amounts receivable at balance date from: Non-current: Controlled entities - 16,848 Entities in the wholly-owned group 2,770 2,752 Less provision for doubtful receivables (1,630) (1,360) 1,140 18,240 Aggregate amounts payable at balance date to: Current: Controlled entities 216 - Non-current: Entities in the wholly-owned group 11,484 11,484 30 June 2004 $’000 30 June 2003 $’000 Balance at beginning of fi  nancial year  16,848 4,877 - net funding advanced for exploration and all other activities  on normal commercial terms (1,703) 2,842 - shares issued in satisfaction of debt (17,600) - - administration service fee 1,398 - - cost of shares issued by the Company to PKKP for  Native Title Agreement - 616 - funding advanced for repayment of convertible note  - 7,372 - interest 841 1,141 (216) 16,848