Transactions with Directors
The income statement includes $242,683 (PY $259,189) of salaries paid to two Directors for services rendered to the Company via third party Employers of Record in Germany and the United Arab Emirates.
Transactions with Group Entities
Laminar Global Limited is the 100% shareholder of Laminar Global Poland SP. z.o.o and undertook transactions with that company during the year. The income statement includes costs paid to Laminar Global Poland SP. z.o.o of $2,026,318 (prior period $1,536,107). There is an intercompany balance due to Laminar Global Limited of $nil at the period end (prior period $890); and there is a prepayment of $4,545 at the year end (prior period $243,893).
Laminar Global Limited is the 100% shareholder of Laminar Mediatech Limited and undertook transactions on behalf of that company during the peoriod. Expenses totalling £195,040 were paid during the period on behalf of Laminar Mediatech Limited (prior year £nil)
Transactions with entities with Joint Control of Significant Interest
An arrangement was entered into with a company incorporated in Singapore of which a director of Laminar Global Limited is 100% shareholder, whereby that company provided services to a third party client of Laminar Global Limited. $76,352 revenue was recorded by Laminar Global Limited in the reporting period in relation to fees arising from this arrangement (prior period $101,083), and there is a year end debit balance of $50,673 (prior period $22,097).