NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS (CONT)

For the year ended 31 December 2022

Note 11. Current liabilities – Trade and Other Payables

Note 12. Current liabilities – Borrowings

(i) NAB business loans are secured by:

- First ranking registered fixed and floating charge over all present and future rights, property and undertakings of Murray Downs Golf & Country Club Ltd; - First ranking mortgage over property situated at Murray Downs Drive; - First ranking mortgage over water entitlements in the name of Murray Downs Golf & Country Club Ltd.

Note 13. Current liabilities – Lease Liabilities the relevant asset subject to

Note 14. Current liabilities – Provisions

Provisions

Note 15. Non-current liabilities – Trade and Other Payables VGCLR gaming entitlements

Note

(a)Key Management Personnel

Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the company either directly or indirectly. The key management personnel of the company comprise the directors and executives who are responsible for the financial and operational management of the company. Compensation paid to key management personnel of the company was as follows:

(b)Transactions with related parties

There were no transactions with related parties during 2022 (2021: Nil).

Note 19. Financing Arrangements