CAPITA FINANCIAL SERVICES INC. (ST. LUCIA BRANCH) Notes to the Financial Statements March 31, 2024 (expressed in Eastern Caribbean dollars) 27 6 Related Party Balances and Transactions …continued iii) Due from Related Parties: 2024 $ 2023 $ Due from Head Office 1,051,056 384,829 Due from Ultimate Parent 274,210 290,738 End of the year 1,325,266 675,567 Due from related parties’ balances are unsecured, interest free and repayable within a year. iv) Head Office Balances: 2024 $ (Restated) 2023 $ Due to Head Office 3,431,450 3,396,545 Due to Head Office balances includes payments for the arrangement of transactions made on behalf of the branch with no stated repayment terms that are unsecured and interest free. Payments due in the current year amounted to $34,905 (2023 - $ (1,643,054)).
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