CSL Ltd Annual Report 2021

Other Notes Note 17: Related Party Transactions Ultimate controlling entity The ultimate controlling entity is CSL Limited, otherwise described as the parent company. Related party transactions The parent company entered into the following transactions during the year with related parties in the Group. Wholly owned subsidiaries • Loans were advanced and repayments received on the long term intercompany accounts. • Interest was charged on outstanding intercompany loan account balances. • Sales and purchases of products. • Licensing of intellectual property. • Provision of marketing services by controlled entities. • Management fees were received from a controlled entity. • Management fees were paid to a controlled entity. • R&D services were charged from and to controlled entities. The transactions were undertaken on commercial terms and conditions. Payment for intercompany transactions is through intercompany loan accounts and may be subject to extended payment terms. Ownership interests in related parties All transactions with subsidiaries have been eliminated on consolidation. Subsidiaries The following table lists the Group’s material subsidiaries. Percentage owned (%) Company Country of Incorporation 2021 2020 CSL Limited Australia Subsidiaries of CSL Limited: CSL Innovation Pty Ltd Australia 100 100 CSL Behring (Australia) Pty Ltd Australia 100 100 CSL Behring LLC USA 100 100 CSL Plasma Inc USA 100 100 CSL Behring GmbH Germany 100 100 CSL Behring AG Switzerland 100 100 CSL Behring Lengnau AG Switzerland 100 100 Seqirus UK Limited UK 100 100 Seqirus Pty Ltd Australia 100 100 Seqirus Vaccines Limited UK 100 100 Seqirus Inc USA 100 100 CSL Limited Annual Report 2020/21 138 Notes to the Financial Statements