NOTES TO THE FINANCIAL STATEMENT

Compensation: the aggregate compensation made to directors and other members of key management personnel of the company is set out below:

Note

Ian Robilliard (Managing Director) is a current director of Skilled Sports Pty Limited and Mingara Leisure Group.

Mark Holton (Chairman) is a director of Dynamic Taxation and Training.

Receivable from and payable to related parties

There were no trade receivables from or trade payables to related parties at the current and previous reporting date.

Loans to/from related parties

The following balances are outstanding at the reporting date in relation to loans with related parties:

Terms and conditions: All transactions were made on normal commercial terms and conditions and at market rates.

Note 27. Events after the reporting period

In April 2023, the Company provided a loan of $97,069 to Regional Academies of Sport Limited (an entity with common Directorship) to assist with initial setup costs of the entity. No other matter or circumstance has arisen since 31 December 2022 that has significantly affected, or may significantly affect the company's operations, the results of those operations, or the company's state of affairs in future financial years.

In the Director's Opinion

• The attached financial statements and notes comply with the Corporations Act 2001, the Australian Accounting Standards - Reduced Disclosure Requirements, the Corporations Regulations 2001 and other mandatory professional reporting requirements;

• The attached financial statements and notes give a true and fair view of the company's financial position as at 31 December 2022 and of its performance for the financial year ended on that date; and

• There are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable.

On behalf of the directors

Mark Holton Chairman Ian Robilliard Managing Director