Notes to the Consolidated Financial Statements 21 Related Party Transactions Transactions between related parties are on normal commercial terms and conditions no more favourable than those available to other parties, unless otherwise stated. 2022 $ 2021 $ MCA Nominees Pty Ltd MCA Nominees, a business controlled by Mr Brian Rodan, provides administration and marketing services. Amounts include expense reimbursements: Fees incurred during the year: 185,320 201,751 Amounts outstanding at year end: 16,495 12,600 101 Consulting Pty Ltd: 101 Consulting Pty Ltd, a business controlled by Ms Bronwyn Bergin, spouse of Mr Brian Rodan, provides administration support services. Fees incurred during the year: 27,600 13,800 Amounts outstanding at year end: – 2,300 ARC Limited Angus Resource Consulting (ARC) ARC, a business controlled by Mr Paul Angus, provides resource consulting services. Amounts include expense reimbursements: Fees incurred during the year: 339,490 316,640 Amounts outstanding at year end: 23,861 21,565 22 Parent Information Siren Gold Limited is the ultimate Australian parent entity and ultimate parent of the Group. Siren Gold Limited did not enter into any trading transactions with any related party during the year. a. Statement of Financial Position 2022 $ 2021 $ Current Assets 16,561,844 14,226,101 Non-Current Assets 64,351 28,500 Total Assets 16,626,195 14,254,601 Current Liabilities 275,046 169,573 Total Liabilities 275,046 169,573 Net Assets 16,351,149 14,085,028 Equity Issued capital 21,322,842 16,973,505 Reserves 878,306 878,306 Accumulated losses (5,849,999) (3,766,783) Total Equity 16,351,149 14,085,028 for the year ended 31 December 2022 Siren Gold Limited 74
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