24. RELATED PARTY DISCLOSURES (a) Transactions with key management personnel (b) Transactions with related parties in the wholly owned Group (c) Transactions with other related parties (d) Ultimate parent entity Loans Loans are made by the parent entity to wholly owned subsidiaries� The loans are repayable on demand� No interest has been charged on these  loans by the parent entity for the current financial period (31 December 2012: nil; 31 March 2012: nil)� The parent entity does not expect to call  these loans within the next 12 months� There were no transactions with other related parties during the three months to 31 March 2013 (31 December 2012: nil; 31 March 2012: nil)�  The ultimate controlling entity of the Group is Australian Agricultural Company Limited� Mr N� Burton Taylor, who was a non-executive director of AACo until his resignation on 16 March 2012, is a Principal of Hillgrove Pastoral Company  (Hillgrove)� Hillgrove has entered into sale and purchase transactions with the Group with respect to livestock on commercial terms and conditions  no more favourable than those available to other suppliers and customers� The following transactions occurred with Hillgrove: These transactions include the following and have been quantified below where the transactions are considered likely to be of interest to users of  these financial statements� Directors of the Group and Directors of its related parties, or their Director-related entities, conduct transactions with entities within the Group  that occur within a normal employee, customer or supplier relationship on terms and conditions no more favourable than those with which it is  reasonable to expect the entity would have adopted if dealing with the Director or Director-related entity at arm’s length in similar circumstances� NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CONT For the three months ended 31 March 2013 92 Australian Agricultural Company Limited 31 Mar 2013  $ 31 Dec 2012  $ 31 Mar 2012  $  (reviewed ) Purchases from Hillgrove and related entities - 2,992 2,992 The transactions for 31 December 2012 are in respect of the period to the date of the resignation of Mr� N� Burton Taylor� There were no  outstanding balances at 31 December 2012 in relation to transactions with Hillgrove and its related entities� Mr D� McGauchie, Chairman of AACo, is a Director of GrainCorp Limited� GrainCorp Limited has entered into sale and purchase transactions with  the Group with respect to grain on commercial terms and conditions no more favourable than those available to other suppliers and customers�  The following transactions occurred with GrainCorp Limited: Sales to GrainCorp Limited and related entities 1,710,476 2,507,763 - Purchases from GrainCorp Limited and related entities 3,869,604 898,677 159,118 The following balances were outstanding at the end  of the reporting period in relation to transactions with  GrainCorp Limited: Current receivable - 1,799,613 - Current payable 1,121,929 94,119 -