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100 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2020 FINANCIALS 2020GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2020(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)21. Related party disclosuresThe consolidated financial statements comprise the financial 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 significant influence over the other party in making financial 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 2020, the Group has not made any provision for doubtful debts relating to amounts owed by related parties (2019: Nil).2020 2019$ $Income generated from related partiesUltimate parent 272 293Fellow subsidiaries of ultimate parent 4,332 2,945 4,604 3,238Purchases from related partiesUltimate parent 7,044 8,127Fellow subsidiaries of ultimate parent 6,124 15,956Other related parties 2,882 4,531 16,050 28,614Amounts due from related partiesUltimate parent 42 4Fellow subsidiaries of ultimate parent 896 611 938 615