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GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2018(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)21. Related party disclosuresThe consolidated fnancial statements comprise the fnancial statements of Guardian Media Limited and the 100% owned subsidiaries, Wonderland Entertainment Limited and iRadio Inc.Terms and conditions of transactions with related partiesParties are considered to be related if one has the ability to control or exercise signifcant infuence over the other party in making fnancial or operational decisions. A number of transactions are entered into with related parties in the normal course of business. These transactions were carried out at commercial terms and at market rates. Outstanding balances at the year-end are unsecured, interest free and settlement occurs in cash. There have been no guarantees provided or received for any related party receivables or payables. For the year ended 31 December 2018, the Group has not made any provision for doubtful debts relating to amounts owed by related parties (2017: Nil).2018 2017$ $Income generated from related partiesUltimate parent 519 175Fellow subsidiaries of ultimate parent 3,292 2,509 3,811 2,684Purchases from related partiesUltimate parent 8,375 6,510Fellow subsidiaries of ultimate parent 24,871 18,265Other related parties 4,804 5,06738,050 29,842Amounts due from related partiesUltimate parent 115 49Fellow subsidiaries of ultimate parent 325 1,727 440 1,776FINANCIAL REPORT 99