Cue Energy Resources Limited Notes to the financial statements 30 June 2025 Note 16. Key management personnel disclosures and related party disclosures (continued) 50 Key management personnel The following person also had the authority and responsibility for planning, directing and controlling the major activities of the Consolidated Entity, directly or indirectly, during the financial year: Matthew Boyall (Chief Executive Officer) Total remuneration payments and equity issued to Directors and key management personnel are summarised below: Consolidated 30 June 2025 30 June 2024 Short term employment benefits (including non-monetary benefits) 1,032,475 941,899 Cash bonuses 101,562 87,051 Long term benefits (676) (951) Post-employment benefits 37,894 38,845 Share-based payments 61,747 54,243 Total employee benefits 1,233,002 1,121,087 Other related party transactions Repayment of amounts owing to the Company as at 30 June 2025 and all future debts due to the Company, by the controlled entities are subordinated in favour of all other creditors. The Company has agreed to provide sufficient financial assistance to the controlled entities as and when it is needed to enable the controlled entities to continue operations. The Company provides management, administration and accounting services to the subsidiaries. No management fees were charged to subsidiaries in the FY 2025 or FY 2024. The Consolidated Entity’s immediate parent company is Echelon Resources Limited (Echelon), a company incorporated in New Zealand. During the financial year, Echelon provided a range of services to the Consolidated Entity under consulting agreements. The arrangements are on normal commercial terms. Consolidated 30 June 2025 30 June 2024 $'000 $'000 Transaction with other related parties: Consulting services received from immediate parent company and directors 549 479 Services provided by entities controlled by KMP* 49 - The Consolidated Entity enters into operating arrangements where the Group has joint control over the respective venture’s oi l and gas net assets, described in note 21. In each of the joint operations, the participants appoint an operator to act on their b ehalf in managing operations (the Operator). *During the year, $ 0.049 million was paid to Rod Ritchie for health and safety advisory services provided. All financial relationships with the Operator are on an arm’s length basis. 62 Cue Energy Resources Limited Annual Report 2025
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