NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE FINANCIAL YEAR ENDED 30 JUNE 2011 (d) Superannuation Contributions Note 29. Related Party Transactions  (continued) (e) Other Related Party Transactions Within the Group 78 Karoon Gas Australia Ltd  Annual Report 2011  Company 2011 2010 $ $ Note 30. Parent Company Financial Information (a) Summary Financial Information  The individual financial statements for Karoon Gas Australia Ltd show the following aggregate amounts:  Statement of financial position Current assets  270,071,493 75,836,959 Non-current assets  348,672,866 283,387,194 Total assets  618,744,359 359,224,153 Current liabilities  765,990 750,024 Non-current liabilities  99,486 60,738 Total liabilities  865,476 810,762 Net assets  617,878,883 358,413,391 Equity  Issued capital  664,894,335 381,147,212 Accumulated losses  (65,364,034) (36,012,928) Share-based payments reserve  18,348,582 13,279,107 Total equity  617,878,883 358,413,391 Loss for financial year (29,351,106) (14,267,261) Total comprehensive loss for financial year (29,351,106) (14,267,261) During the financial year and the previous financial year, Mr Mark Smith, a Director, had an interest in IERS (Australia) Pty Ltd,  which has an ongoing agreement with the Group to provide geophysical fault seal analysis software. This contract had been  negotiated at commercial terms and does not include monetary compensation. Instead, the Group provides testing and ongoing  development of the geophysical fault seal analysis software in return for its use. During the financial year, Mr Stephen Power, a Director, had an interest in Napier Legal Pty Ltd which provided legal services to  the Group. The value of transactions during the financial year in the Group was $593,034 (2010: $376,960). During the financial year, the Group contributed to accumulation type benefit funds administered by external fund managers or  an employee’s self-managed superannuation fund. The funds cover all Australian domiciled employees and Directors of the  Company. The current contribution rate is 9.0% p.a. (2010: 9.0% p.a.) of employee cash remuneration. Contributions to superannuation funds, on behalf of Directors and employees, during the financial year by the Group amounted to $306,565  (2010: $284,771).