6 OTHER RELATED PARTY TRANSACTIONS Some of the Group’s transactions and arrangements are with related parties and the effect of these on the basis determined between the parties is reflected in these financial statements. The balances are unsecured, interest-free and repayable on demand unless otherwise stated. There are no significant transactions between the Group and related parties, other than those disclosed in the financial statements and the accompanying notes. NOTES TO FINANCIAL STATEMENTS 31 December 2025 7 CASH AND BANK BALANCES AND RESTRICTED CASH DEPOSITS (a) The average effective interest rate of the cash at banks was 1.39% (2024 : 1.68%) per annum. (b) The effective interest rate of the fixed deposits ranged from 2.00% to 4.97% (2024 : 3.43% to 5.40%) per annum. (c) Included in this balance as at 31 December 2025 was US$1,542,472 (2024 : US$1,611,128) pledged by the Company for commercial property loans taken in relation to the office spaces (Note 15). (d) As at 31 December 2025, the Group has restricted cash deposits totalling US$11,085,913 (2024 : US$11,117,770) placed with relevant government authorities for the purpose of ensuring fulfilment of compliance in respect of the Group’s reclamation and rehabilitation obligations. (e) The effective interest rate of the restricted cash deposits ranged from 1.77% to 1.90% (2024 : 1.46% to 2.42%) per annum. Management considered that the ECL for bank balances and pledged bank deposits is insignificant as at 31 December 2025. Group Company 2025 2024 2025 2024 US$ US$ US$ US$ Cash on hand 3,352 3,446 157 148 Cash at banks (a) 79,105,836 89,551,887 1,083,963 700,588 Deposits (b) 26,031,281 28,517,724 26,002,447 10,736,843 Total cash and bank balances 105,140,469 118,073,057 27,086,567 11,437,579 Restricted cash deposits (non-current) (d) (e) 11,085,913 11,117,770 - - 116,226,382 129,190,827 27,086,567 11,437,579 Less: Deposit pledged (c) (1,548,111) (1,617,922) Less: Restricted cash deposits (non-current) (d) (e) (11,085,913) (11,117,770) Cash and cash equivalents in the consolidated statement of cash flows 103,592,358 116,455,135 Compensation of directors and key management personnel The remuneration of directors and other members of key management personnel are as follows: The remuneration of directors and other key management personnel is determined by the performance of individuals and market trends. Group 2025 2024 US$ US$ Short-term benefits 12,151,942 11,859,316 Post-employment benefits 73,142 69,231 Share-based payment - 61,806 Total 12,225,084 11,990,353 85 GEO ENERGY | ANNUAL REPORT 2025
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