126 Consolidated  Notes to the  Financial  Statements Note 50 – Related party disclosures Parent entity Equity interests in subsidiaries Equity interests in associates and jointly controlled entities Key management personnel Loans to associates Loans to jointly controlled entities AGL Energy Limited is the parent entity of the consolidated entity. Balances and transactions between the Parent Entity and its subsidiaries, which are related parties of the Parent Entity, have been  eliminated on consolidation and are not disclosed in this note. Details of transactions between the consolidated entity and other related  parties are disclosed below.  Details of interests in subsidiaries are disclosed in Note 42. Details of interests in associates and jointly controlled entities are disclosed in Note 18. Disclosures relating to key management personnel are set out in Note 47 and in the Directors’ Report. On 29 June 2012, the consolidated entity completed the acquisition of Great Energy Alliance Corporation Pty Limited (GEAC), increasing its  ownership from 32.54% to 100%. At the date of acquisition, the loan principal of $122.0 million and accrued interest of $4.5 million owing  by GEAC to the Parent Entity have been eliminated on consolidation. During the financial year, interest of $11.7 million (2011: $10.7 million)  was accrued of which $11.4 million (2011: $10.2 million) was capitalised as loan principal. On 6 October 2011, the consolidated entity and its joint venture partner, APA Group, entered into a loan facility agreement with Diamantina  Holding Company Pty Limited (DPS Holdco) to provide interim funding in equal proportions for the construction of the 242 MW gas-fired  power station in Mt Isa, Queensland. At the end of the reporting period, the consolidated entity has provided a loan of $89.7 million  (2011: $nil) including capitalised interest of $2.3 million (2011: $nil) to DPS Holdco. The loan is unsecured, at market interest rates and is  repayable on completion of the external financing arrangements for DPS Holdco. The Parent Entity has provided a loan to Central Queensland Pipeline Pty Ltd of $1.5 million (2011: $1.5 million) for operational expenditure  purposes. The loan is unsecured, interest free and has no fixed repayment terms. During the financial year, the interest free loan provided to Energy Infrastructure Management Pty Ltd of $0.4 million (2011: $0.4 million)  was repaid. 2012  $m 2011  $m Amounts owing by associates and jointly controlled entities ActewAGL Retail Partnership 51.7  54.8  Great Energy Alliance Corporation Pty Limited –  4.1  51.7  58.9  Amounts owing by joint venture operations Macarthur Wind Farm Joint Venture 0.6  –  Galilee Gas Project Joint Venture 0.2  –  0.8  –  ActewAGL Retail Partnership 1.2  – Trading transactions with associates and jointly controlled entities ActewAGL Retail Partnership The consolidated entity provided management and retail services to the ActewAGL Retail Partnership on normal  commercial terms and conditions. 8.4  8.6  The consolidated entity sold gas and electricity to the ActewAGL Retail Partnership on normal commercial terms  and conditions. 228.5  284.3  Great Energy Alliance Corporation Pty Limited On 29 June 2012, the consolidated entity completed the acquisition of Great Energy Alliance Corporation Pty Limited,  increasing its ownership from 32.54% to 100%. Up until the date of acquisition, there were the following transactions  between the consolidated entity and GEAC. The consolidated entity paid difference receipts from the settlement of electricity hedges on normal commercial terms  and conditions. (77.8) (89.2) Diamantina Power Station Pty Limited On 6 October 2011, the consolidated entity entered into a gas supply agreement with Diamantina Power Station Pty  Limited (DPS), a wholly-owned subsidiary of Diamantina Holding Company Pty Limited, to supply DPS with 138  petajoules of natural gas from May 2013 through to 2023 on normal terms and conditions. –  – Amounts owing to jointly controlled entities The amounts outstanding are unsecured, interest free and will be settled in cash. No expense has been recognised in the current or the prior period for bad  or doubtful debts in respect of the amounts owed by associates, jointly controlled entities and joint ventures.