Ann: Annual financial statements, page-2

Arvind Misra – Managing Director
Remuneration: At the date of this report, the current consulting fee payable to Aranak Pty Ltd is $400,000 (2014: $400,000) per annum. Mr Misra is also entitled to a performance bonus of up to 50% of base remuneration (2014: 50% of base remuneration) dependent upon achievement of pre-determined performance targets.
Other transactions with Key Management Personnel (KMP) The following transactions occurred during the year between the Group and KMP or their related entities:
(i) During the year, the Company accrued $166,480 (2014: $166,570) in consulting and contract services with Aranak Pty Ltd, a company associated with Mr A Misra, the Managing Director, on normal commercial terms (excluding the services supplied directly by Mr Misra).

Andrew Simpson – Non-Executive Chairman
Remuneration: At the date of this report his director fee is $65,700 (2014: $65,700 all inclusive) per annum payable to Resources and Technology Marketing Services Pty Ltd.
Other transactions with Key Management Personnel (KMP) The following transactions occurred during the year between the Group and KMP or their related entities:
(iii) The company pays the fees of Mr Andrew Simpson, the non-executive Chairman, through his private company Resource & Technology Marketing Services Pty Ltd. At 30 June 2015 $72,623 (2014: Nil) was accrued to Resources and Technology Marketing Services Pty Ltd.

David Humann – Non-Executive Director
Remuneration: At the date of this report his director fee is $43,600 (2014: $43,600) payable to James Anne Holdings Pty Ltd.
Other transactions with Key Management Personnel (KMP) The following transactions occurred during the year between the Group and KMP or their related entities:
(iv) The company pays the fees of Mr David Humann, a non-executive Director, through his private company James Anne Holdings Pty Ltd. At 30 June 2015 $11,990 (2014: $71,941) was payable to James Anne Holdings Pty Ltd.

I wonder what Arvind Misra did to earn the extra in consulting and contract services of $166,480 on top of the current consulting fee payable to Aranak Pty Ltd of $400,000. ???????????

I wonder what Andrew Simpson did to earn extra fees of $72,623 on top of his director fee of $65,700 ????????

I wonder what David Humann did to earn $11,990 on top of his Director fee of $43,600 ?????????

Poor David Humann missed out this year, last year he got $71,941 in extra fees outside his Director remuneration

ALL this extra work in consulting may have been for extracting outstanding monies from HCL.

IRL is being managed like the little boys club, its no wonder the share price is .002c


Taken from page 11 and page 39
(e) Other transactions with Key Management Personnel (KMP) The following transactions occurred during the year between the Group and KMP or their related entities:
(i) During the year, the Company accrued $166,480 (2014: $166,570) in consulting and contract services with Aranak Pty Ltd, a company associated with Mr A Misra, the Managing Director, on normal commercial terms (excluding the services supplied directly by Mr Misra). At 30 June 2015 $421,931 (2014: $465,195) was payable to Aranak Pty Ltd (excluding leave provisions).

(ii) During the year, the Company accrued Nil (2014: $125) in contract services with Aurum Corporate Pty Ltd, a company associated with Mr M Muhling, the Group Commercial Manager, on normal commercial terms (excluding the services supplied directly by Mr Muhling). At 30 June 2015 Nil (2014: $14,817) was payable to Aurum Corporate Pty Ltd but $33,520 was payable to Mr Muhling directly (2014: Nil).

(iii) The company pays the fees of Mr Andrew Simpson, the non-executive Chairman, through his private company Resource & Technology Marketing Services Pty Ltd. At 30 June 2015 $72,623 (2014: Nil) was accrued to Resources and Technology Marketing Services Pty Ltd. At 30 June 2015 Nil (2014: $125,500) was payable to Mr Andrew Simpson directly for outstanding director fees.

(iv) The company pays the fees of Mr David Humann, a non-executive Director, through his private company James Anne Holdings Pty Ltd. At 30 June 2015 $11,990 (2014: $71,941) was payable to Jame