13.
Related Party Transactions
On Device Mobile Research DMCCOverseas 100% SubsidiaryThe profit and loss account report sales delivered by the subsidiary £872,350 (2016: £931,217). In turn, the subsidiary has invoiced for the work and is shown as direct costs £872,350 (2016: £932,635). The UK parent has recharged £279,520 (2016: 513,239) Management costs to the subsidiary. At the Balance sheet date, the company owes £216,272.51 to the subsidiary by way of a loan. For 2016, the company owed £16,640 to the subsidiary by way of a loan.
On Device Mobile Research DMCC
Overseas 100% Subsidiary
The profit and loss account report sales delivered by the subsidiary £872,350 (2016: £931,217). In turn, the subsidiary has invoiced for the work and is shown as direct costs £872,350 (2016: £932,635). The UK parent has recharged £279,520 (2016: 513,239) Management costs to the subsidiary. At the Balance sheet date, the company owes £216,272.51 to the subsidiary by way of a loan. For 2016, the company owed £16,640 to the subsidiary by way of a loan.
On Device Research PTE Ltd.Overseas 100% SubsidiaryThe profit and loss account report sales delivered by the subsidiary £107,194 (2016: £192,560). In turn, the subsidiary has invoiced for the work and is shown as direct costs £129,473 (2016: £192,566). The UK parent has recharged £92,271 (2016: 266,928) Management costs to the subsidiary. At the Balance Sheet date, the company is owed £315,090 (2016: £311,069) by the subsidiary by way of a loan.
On Device Research PTE Ltd.
Overseas 100% Subsidiary
The profit and loss account report sales delivered by the subsidiary £107,194 (2016: £192,560). In turn, the subsidiary has invoiced for the work and is shown as direct costs £129,473 (2016: £192,566). The UK parent has recharged £92,271 (2016: 266,928) Management costs to the subsidiary. At the Balance Sheet date, the company is owed £315,090 (2016: £311,069) by the subsidiary by way of a loan.