|
RELATED PARTY TRANSACTIONS
|
6 Months Ended |
|---|---|
|
Dec. 31, 2012
|
|
| Notes to Financial Statements | |
| NOTE 10 - RELATED PARTY TRANSACTIONS |
Since inception, Propanc Health Group Corporation has conducted transactions with directors and director related entities. These transactions included the following:
As of December 31, 2012, the Company owed directors a total of $114,847, for money loaned to the Company throughout the years. The loan balance owed at December 31, 2012 was not accruing interest (See Note 5).
As of December 31, 2012, the Company owed two directors a total of $64,997, respectively, related to expenses incurred on behalf of the Company related to corporate startup costs and intellectual property (See Note 4).
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|