During the period ended 30 June 2023, Ru Li, an employee of Westshore Company, purchased goods from the company on normal commercial terms and conditions. Li receives remuneration consisting of cash and other short-term benefits amounting to $240 000.

During the 30 June 2023 financial year, Li also received a grant of 75 000 options from the company which is conditional on her continuing to work for the company for the next 3 years. Li is considered to be a member of the key management personnel of the Westshore Company.

Required 

Prepare appropriate disclosures reflecting the related party relationship and transactions between Westshore Company and its employee Ru Li for the period ended 30 June 2023.