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Related Party Transactions

12 Months Ended

Dec. 31, 2013

22.

Related Party Transactions

During the year ended December 31, 2013, the Company paid additional tax of $2,323 on behalf of a director of the Company and a former director of a subsidiary (See Note 17). The amount was recorded as other receivables.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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