What are the disclosure requirements with regard to "Related Party Disclosures"-(AS-18)?

Related Party Disclosures (AS-18) applied in reporting related party relationships and transactions between a reporting enterprise and its related parties. Related Party disclosure requirement do not apply in circumstances where providing such disclosures would conflict with the reporting enterprise's duties of confidentiality as specifically required in terms of a statute or by any regulator. No discourse is required in consolidated financial statements in respect of into group transactions. No disclosure is required in the financial statements of state controlled enterprise as regards related party relationship with other state controlled enterprises and transactions with such enterprises. If there have been transactions between related parties, during the existence of a related party relationship enterprise should disclose: The name of the transacting related party. A description of the relationship between the parties. Description of the nature of the transaction. Volume of transactions. Any other elements of the related party transactions necessary for an understanding of the financial statements. The amounts or outstanding items pertaining to related parties at the balance sheet date and provision for doubtful debts due from such parties at that date; and The amounts written off or written back in the period in respect of debts due from or to related parties.