Notes to the Financial Statements (continued)  33. Related Party Transactions  60  HARVEY NORMAN HOLDINGS LIMITED AND ITS CONTROLLED ENTITIES – ANNUAL REPORT 2003  (a) Directors  The following persons held the position of director of the parent entity during both  financial years unless otherwise stated:  G. Harvey K.L. Page R.J. Skippen A.B. Brew M.J. Harvey C.H. Brown I.J. Norman J.E. Slack-Smith  S.P. Hauville  K. W. Gunderson-Briggs (appointed 30 June 2003) CONSOLIDATED 2003  2002  $  $  During the year the following transactions took place with related parties.  (b) Directors’ Loans  Derni Pty Limited (a wholly owned subsidiary of Harvey Norman Holdings Limited)  borrowed money from entities associated with I.J. Norman, R.J. Skippen,  M.J. Harvey, A.B. Brew and G. Harvey. Interest is payable at normal commercial  rates. These loans are unsecured and repayable at call. Refer to Note 18 for  balance of loans outstanding at year end.  Net amounts received from/ (paid back) to entities associated with the above  mentioned directors.  (4,155,000)  (70,605,000)  Interest paid/payable 867,000  3,116,000  (c)  Other Director Transactions (i)  Legal fees paid to director-related entity:  Legal fees were paid to the firm of which Mr C.H. Brown is a partner for  professional services rendered to the group in the normal course of business.  1,903,000  1,333,000  (ii)  Lease of business premises from Ruzden Pty Limited:  The consolidated entity leases business premises at Bundall, Queensland from  Ruzden Pty Limited. Mr G. Harvey, Ms K.L. Page, Mr M.J. Harvey, Mr I.J. Norman  and Mr A.B. Brew have an equity interest in Ruzden Pty Limited. The lease  arrangements were approved by shareholders in the General Meeting held 25 May  1993, and in the General Meeting held 31 August 1999. The lease is subject to  normal commercial terms and conditions. Rent paid by the consolidated entity to  Ruzden Pty Limited is as disclosed.  3,527,000  2,078,000 