helppp IAS24

(vi) The company awarded a contract for plant maintenance services to its subsidiary Brown (Pvt) Limited effective August 01, 2021 (vii) The company has nominated a director in Purple Limited who participates actively in its operational decisions. However, no business relations exist between the two companies Required: For each case, discuss the requirement of IAS 24 (Related Party Disclosures) as regards the following disclosures in the financial statements for the year ended June 30, 2020 (a) Related party relationship, and