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108 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2022GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2022(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 2022, the Group has not made any provision for doubtful debts relating to amounts owed by related parties (2021: Nil).2022 2021$ $Income generated from related partiesUltimate parent 792 185Fellow subsidiaries of ultimate parent 5,466 4,866 6,258 5,051Purchases from related partiesUltimate parent 3,689 5,585Fellow subsidiaries of ultimate parent 21,092 15,084Other related parties 4,126 4,119 28,907 24,788Amounts due from related partiesUltimate parent 50 %u2013Fellow subsidiaries of ultimate parent 1,481 1,255 1,531 1,255