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Wool Stocktake : AWI Annual Report 2008-09
Notes to the financial statements 30 June 2009 ( c o n t i n u e d ) NOTE 29: Commitments (i) Research and development 2008 2008 $'000 $'000 Commitments in relation to research and development are payable as follows: Within one year 13,077 13,077 Later than one year but not later than five years 4,465 4,465 17,542 17,542 (ii) Non-cancellable operating leases 2008 2008 $'000 $'000 Commitments for minimum lease payments in relation to non-cancellable operating leases are payable as follows: Within one year 1,793 843 Later than one year but not later than five years 4,075 3,103 Later than five years 1,944 1,944 7,812 5,890 NOTE 30: Related party transactions The parent entity within the Group is Australian Wool Innovation Limited. The names of persons who were directors of the company at any time during the financial year are as follows: W B Merriman, R J Fletcher, B P van Rooyen, C R Olsson, K J Bell, G B S Falkiner, L S Modiano, M L Sheil, D A A Webster, C J Abell, K A Boundy, R Clubb and J S Keniry. All of these persons were also directors during the year ended 30 June 2008, except for G B S Falkiner, L S Modiano, M L Sheil and D A A Webster who were appointed on 19 November 2008. Interests in subsidiaries are set out in note 32. Disclosures relating to directors and key management personnel remuneration are set out in note 26 to the Financial Statements. (i) Loan transactions and balances There were no loan transactions or balances with directors and key management personnel or entities related to them during the year ended 30 June 2009. (ii) Other transactions and balances No director, or director-related entity entered into a contract or had any other transactions other than normal terms and conditions with Australian Wool Innovation Limited during the year ended 30 June 2009.
AWI Annual Report 2007-08
AWI Annual Report 2009-10