RELATED PARTIES

6 Months Ended

Jun. 30, 2024

RELATED PARTIES

RELATED PARTIES

22. RELATED PARTIES

Related parties comprise the parent Company, associated companies / undertakings, directors of the Company and their close relatives and key management personnel of the Company. The Company in the normal course of business carries out transactions with various related parties. Credit terms with related parties are more than normal business arrangements. Amounts due from and due to related parties are shown under respective notes to these financial statements.

	Three Months Ended   June 30,					Six Months Ended June 30,
	2024		2023			2024		2023
Worldcall Business Solutions (Private) Limited Expenses borne on behalf of associate	$	10,194	$	14,411		$	10,194	$	24,605
Worldcall Business Solutions (Private) Limited Interest charges	$	21,536	$	42,557		$	42,868	$	54,313
Worldcall Cable (Private) Limited Interest charges	$	492	$	507		$	981	$	1,278
ACME Telecom (Private) Limited Interest charges	$	14	$	14		$	14	$	18
Worldcall Ride Hail (Private) Limited Interest charges	$	4	$	2		$	8	$	10
Key management personnel Advances against expenses disbursed (adjusted) - net	$	1,593	$	(38,558	)	$	183	$	11,109

Balances (Due to) Due from Related Parties	June 30, 2024			December 31, 2023
	(Unaudited)
Worldcall Business Solutions (Private) Limited Other receivable	$	536,919		$	487,677
Worldcall Cable (Private) Limited Other receivable	$	12,324		$	11,197
AMB Management Consultants (Pvt.) Ltd  Other(payable) receivable	$	(210,486	)	$	(207,802	)
ACME Telecom (Private) Limited Other receivable	$	176		$	159
Worldcall Ride Hail (Private) Limited Other receivable	$	97		$	85

As on June 30, 2024 and December 31, 2023, outstanding balance from key management personnel was approximately $546,000 and $605,000, respectively against miscellaneous expenses including salaries and other employee benefits etc.

The Company owes approximately $0.60 million and $0.43 million interest free loan to its director as on June 30, 2024 and December 31, 2023, respectively, which is repayable at discretion of the Company.