v3.25.1
Related Parties (Tables)
 6 Months Ended 12 Months Ended
Dec. 31, 2024
Jun. 30, 2024
Related Parties    
Schedule of Transactions Occurred with Related Parties

For the six months ended 31 December 2024 and the year ended 30 June 2024 the remaining related party loan relates to an interest free loan owed to CQ Oilseeds Pty Ltd.

 

   Purchases of
Seed for the
Three Months Ended
31 December 2024		   Purchases of Oils for the Three Months Ended 31 December 2024   Sales of Meals
for the Three Months
Ended
31 December 2024		   Other Sales for the Three Months Ended 31 December 2024   Management
Fee for the
Three Months Ended
31 December 2024		   Lease for the Three Months Ended 31 December 2024 
   AUD$   AUD$   AUD$   AUD$   AUD$    AUD$ 
Related parties                              
Energreen Nutrition Australia Pty Ltd.   227,580    -    1,850,156    217,909    93,000    2,605 
Sunmania Pty Ltd.   -    -    -    10,647    -    21,000 

 

   Purchases of
Seed for the
Six Months Ended
31 December 2024		   Purchases of Oils for the Six Months Ended 31 December 2024   Sales of Meals
for the Six Months
Ended
31 December 2024		   Other Sales for the Six Months Ended 31 December 2024   Management
Fee for the
Six Months Ended
31 December 2024		   Lease for the Six Months Ended 31 December 2024 
   AUD$   AUD$   AUD$   AUD$   AUD$    AUD$ 
Related parties                              
Energreen Nutrition Australia Pty Ltd.   5,055,680    678,506    3,117,863    217,909    171,000    2,605 
Soon Soon Oilmills Sdn Bhd.*   -    348,895    -    11,368    -    - 
Sunmania Pty Ltd.   -    -    -    10,647    -    35,000 

 

 

*   Gary Seaton has a 20% share of Soon Soon Oilmills Sdn Bhd.

For the years ended June 30, 2024 and 2023, the remaining related party loan relates to an interest free loan owed to CQ Oilseeds Pty Ltd.

 

  

Purchases of
Seed for the
Year Ended
30 June 2024

   Sales of Meals
for the Year
Ended
30 June 2024		    Management
Fee for the
Year Ended
30 June 2024		  
   AUD$   AUD$    AUD$  
Related parties                  
Energreen Nutrition Australia Pty Ltd.   12,651,382    4,838,204      312,000  
Soon Soon Oilmills Sdn Bhd. *   -    2,234      -  
Sunmania Pty Ltd.     104,000       -       -  

 

*Gary Seaton has a 20% share of Soon Soon Oilmills Sdn Bhd.

 

   Purchases of Seed
for the Year Ended 30
June 2023		   Sales of Oil and Meals
for the Year Ended 30
June 2023		    Management Fee for the Year Ended 30 June 2023  
   AUD$   AUD$       
Related parties                  
Energreen Nutrition Australia Pty Ltd.   13,942,332    1,693,451      312,000  
Good Earths Oils   -    3,390,714      -  
Sunmania Pty Ltd.     104,000       -       -  
Schedule of Loans with Related Parties

The current loans are payable on demand and the non-current loans have a maturity date which is more than 12 months from the date of 31 December 2024.

 

   Current   Non-current   Total 
   Balance 
   as of 31 December 2024 
   Current   Non-current   Total 
   AUD$   AUD$   AUD$ 
Due to related parties               
Energreen Nutrition Australia Pty Ltd. loan   5,375,665    1,063,829    6,439,494 
JSKS Enterprises Pty Ltd. Loan   1,005,987    3,932,742(1)   4,938,729 
CQ Oilseeds Pty Ltd. loan   -    59,371    59,371 
Sunmania Pty Ltd loan   192,000    -    192,000 
Total due to related parties   6,573,652    5,055,942    11,629,594 
Due from JSKS (Note-3)   599,518    -    599,518 
                
American Physicians LLC promissory note (2)   993,180    273,676    1,266,856 
                
Energreen Nutrition Australia Pty Ltd. accounts payable (Note 7)   980,127    -    980,127 
Trade receivable- Energreen Nutrition (Note- 3)    

1,474,914

    -    

1,474,914

 
Trade receivable- Sunmania Pty Ltd (Note-3)   6,722    -    6,722 

 

The current loans are payable on demand and the non-current loans have a maturity date which is more than 12 months from the date of 30 June 2024.

 

   Balance 
   as of 30 June 2024 
   Current   Non-current   Total 
   AUD$   AUD$   AUD$ 
Due to related parties               
Energreen Nutrition Australia Pty Ltd. loan   3,863,250    -    3,863,250 
JSKS Enterprises Pty Ltd. Loan   100,925    4,431,136    4,532,061 
CQ Oilseeds Pty Ltd. loan        59,371    59,371 
Sunmania Pty Ltd loan   152,000    40,000    192,000 
Less: Origin Food loan receivable   (4,514)   -    (4,514)
Total due to related parties   4,111,661    4,530,507    8,642,168 
                
American Physicians LLC promissory note   968,216    273,676    1,241,892 
                
Energreen Nutrition Australia Pty Ltd. accounts payable (Note 7)   589,166    -    589,166 

 

  (1) Includes $1,178,982 of accrued interest.
     
  (2) Includes $24,964 of accrued interest.

The current loans are payable on demand and the non-current loans have a maturity date which is more than 12 months from the date of 30 June 2024.

 

 

   Current   Non-current   Total principal 
   Balance
   as of 30 June 2024
   Current   Non-current   Total 
   AUD$   AUD$   AUD$ 
Due to related parties               
Energreen Nutrition Australia Pty Ltd. loan   3,863,250    -    3,863,250 
JSKS Enterprises Pty Ltd. Loan   100,925    4,431,136(1)   4,532,061 
CQ Oilseeds Pty Ltd. loan        59,371    59,371 
Sunmania Pty Ltd loan   152,000    40,000    192,000 
Less: Origin Food loan receivable   (4,514)   -    (4,514)
Total due to related parties   4,111,661    4,530,507    8,642,168 
                
American Physicians LLC promissory note (2)   968,216    273,676    1,241,892 
                
Energreen Nutrition Australia Pty Ltd. accounts payable   589,166    -    589,166 

 

  (1) Includes $1,164,860 of accrued interest.
     
  (2) Includes $24,964 of accrued interest.

 

   Current   Non-current     Total principal 
   Balance
   as of 30 June 2023
   Current   Non-current     Total principal 
   AUD$   AUD$   AUD$ 
Due to related parties               
Energreen Nutrition Australia Pty Ltd. loan   1,948,630    -    1,948,630 
Good Earth Oils Pty Ltd. loan   200,000    -    200,000 
JSKS Enterprises Pty Ltd. Loan   980,005    2,853,929(1)   3,833,934 
CQ Oilseeds Pty Ltd. loan   59,371    -    59,371 
Sunmania Pty Ltd loan   -    20,000    20,000 
Total due to related parties   3,188,006    2,873,929    6,061,935 
                
Good Earth Oils Pty Ltd. accounts payable   525,000    -    525,000 
Energreen Nutrition Australia Pty Ltd. accounts payable   4,411,423    -    4,411,423 
Due from related parties               
Good Earth Oils Pty Ltd. accounts receivable   1,226,945    -    1,226,945 
Schedule of Superannuation Contributions  

 Schedule of Superannuation Contributions 

   2024   2023 
   AUD$   AUD$ 
Contributions to superannuation funds on behalf of employees   189,411    184,877 
Schedule of Promissory Notes Related Party

The following table summarizes the promissory notes – related party as of 31 December 2024 and 30 June 2024:

 

  

Unaudited

31 December 2024

   30 June 2024 
   AUD$   AUD$ 
   Current   Non-Current   Total   Current   Non-Current   Total 
                               
Promissory notes – related party   993,180    273,676    1,266,856    968,216    273,676    1,241,892