IMF Bentham Limited Annual Report 2018

Notes to the Financial Statements continued Note 25: Discontinued operations The Bentham Ventures B.V. joint venture was incorporated in March 2014 and on 30 June 2016, the Group announced the sale of its 50% interest in Bentham Ventures B.V. for $5,986,000, with an effective date of 30 June 2016. IMF recognised $nil profit before tax on the sale at 30 June 2018 (30 June 2017: $nil). The impact on the Group’s results from the discontinued operation is set out below: 2018 $'000 2017 $'000 Summarised Statement of Cash Flows of Bentham Ventures B.V. Investing – 5,850 Net cash (outflow)/inflow – 5,850 Note 26: Related party disclosure Transactions with director related entities The following table provides the total amount of transactions that were entered into with related parties for the relevant financial year. Consolidated 2018 $'000 2017 $'000 Transactions with related parties 1 470 161 470 161 1. During the year the Group obtained legal advice from DLA Piper, a legal firm associated with director Michael Bowen. The legal advice was obtained at normal market prices. Note 27: Auditor’s remuneration The auditor of IMF Bentham Limited is EY. Consolidated 2018 $’000 2017 $’000 Amounts received or due and receivable by EY for: An audit or review of the financial report of the Parent and any other entity in the Group 276 235 Other services in relation to the Parent and any other entity in the consolidated Group: Tax compliance – 118 Other 60 31 336 384 Note 28: Events after the reporting date Apart from that disclosed in this report, no other circumstances have arisen since 30 June 2018 that have significantly affected, or may significantly affect the consolidated entities’ operations, the results of those operations, or the consolidated entities state of affairs in the future financial years. Overview Directors’ Report Financial Report 6KareKolGer ,nIorPation 101 IMF Bentham Limited Annual Report 2018