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8. RELATED PARTY TRANSACTIONS
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6 Months Ended |
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Dec. 31, 2013
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| Notes to Financial Statements | |
| NOTE 8 - 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, 2013, the Company owed the directors and an officer a total of $116,552, for money loaned to the Company throughout the years. (See Note 4)
As of December 31, 2013, the Company owed two directors a total of $55,608, respectively, for expenses incurred on behalf of the Company related to corporate startup costs and intellectual property (See Note 3). |
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- Details
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- 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
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