Included under current liabilities are balances owed to shareholders:
Shareholder loans: £7,178,547
These loans carry interest at a rate of LIBOR + 150 base points, and will be repaid in line with the stipulations in the underlying shareholder agreements.
Included under non-current assets are balances owed by related parties:
Agri Technovation PTY LTD - (Australia): £1,639,581
Agri Technovation Uruguay SAS - (Uruguay): £883,224
Agri Technovation NZ Limited - (New Zealand): £850,442
Agri Technovation NZ Operational - (New Zealand): £216,857
Agri Technovation Inc - (United States of America - California): £494,991
Agri Technovation Holdings Inc - (United States of America - Delaware): £2,507,703
Agri Technovation Limited Malawi - (Malawi): £28,250
Agri Technovation Limited Malawi JV - (Malawi): £1,162
Agri Technovation B.V. (Netherlands): £72,448
Agri Technovation (Zambia): £496,641
Agri Technovation (Kenya): £204
Included under non-current assets are balances owed to related parties:
Agri Technovation Nigeria Limited - (Nigeria): £18,394
These loans have no fixed repayment terms, carry no interest and will not be claimed for payment within the next 12 months, in line with inter-company loan agreements.
Included under non-current liabilities are balances owed to related parties:
D S Lubbe: £6,854 (2022: £2,522)
H J de Vries: £4,943 (2022: £9,625)
R A Kriese: £1,105 (2022: £1,105)
These loans have no fixed repayment terms, carry no interest and will not be claimed for payment within the next 12 months, in line with inter-company loan agreements.