NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS l NOTE 21
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| 2011 R’000 |
2010 R’000 |
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| 21. | RELATED PARTY TRANSACTIONS | ||||
| Related party relationships | |||||
For details of subsidiaries, associates and joint ventures refer to note 33 in the group notes. For details of the company’s directors, refer to the directors’ report. ZOK Cellular (Proprietary) Limited, Black Ginger 59 (Proprietary) Limited, Unihold Group Limited and Moneyline 311 (Proprietary) Limited are related parties due to the companies having common directorships. For details of the shareholdings in the company, refer to the directors’ report. irectors’ emoluments (refer to note 30 of the group annual financial statements and Remuneration Report). The following transactions were carried out with related parties: |
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| Purchases from related parties | |||||
| Black Ginger 59 (Proprietary) | 1 993 | 294 | |||
| BSC Technologies (Proprietary) Limited | — | 79 | |||
| Blue Label Distribution (previously Comm Express Services SA (Proprietary) Limited) | 1 332 | — | |||
| Content Connect Africa (Proprietary) Limited | 18 | — | |||
| Demtrade 11 (Proprietary) Limited | 947 | 1 762 | |||
| Moneyline 311 (Proprietary) Limited | — | 821 | |||
| The Prepaid Company (Proprietary) Limited | 5 | 147 | |||
| Cost recoveries from related parties | |||||
| Blue Label Distribution (Proprietary) Limited (previously Comm Express Services SA (Proprietary) Limited) | 176 | — | |||
| Cellfind SA (Proprietary) Limited | 9 | — | |||
| Smart Voucher Limited | 24 | 422 | |||
| The Prepaid Company (Proprietary) Limited | — | 79 | |||
| Interest received from related parties | |||||
| Africa Prepaid Services (Proprietary) Limited | 6 778 | 5 062 | |||
| Blue Label Australasia (Proprietary) Limited | — | 452 | |||
| Content Connect Africa (Proprietary) Limited | 101 | 83 | |||
| Datacel Direct (Proprietary) Limited | 1 804 | 1 272 | |||
| SharedPhone International (Proprietary) Limited | 278 | 281 | |||
| The Postpaid Company (Proprietary) Limited | 77 | 77 | |||
| Management fees received from related parties | |||||
| Activi Technology Services (Proprietary) Limited | 73 | 66 | |||
| Africa Prepaid Services (Proprietary) Limited | 2 940 | 2 520 | |||
| Blue Label Australasia (Proprietary) Limited | — | 459 | |||
| Blue Label Distribution (Proprietary) Limited (previously Comm Express Services SA (Proprietary) Limited) | 2 131 | — | |||
| Blue Label Mexico S.A. de C.V. | 770 | 466 | |||
| Cellfind SA (Proprietary) Limited | 2 614 | 2 376 | |||
| Cigicell (Proprietary) Limited | 2 251 | 2 046 | |||
| Datacel Direct (Proprietary) Limited | 363 | 330 | |||
| Kwikpay SA (Proprietary) Limited | — | 1 690 | |||
| SharedPhone International (Proprietary) Limited | 726 | 660 | |||
| Smart Voucher Limited | 564 | 2 293 | |||
| The Prepaid Company (Proprietary) Limited | 66 000 | 64 560 | |||
| Transaction Junction (Proprietary) Limited | 73 | 66 | |||
| Virtual Voucher (Proprietary) Limited | 327 | 594 | |||
| ZOK Cellular (Proprietary) Limited | — | 208 | |||
| Management fees paid to related parties | |||||
| Demtrade 11 (Proprietary) Limited | 1 210 | 1 320 | |||
| Rent paid to related parties | |||||
| Ellerine Bros. (Proprietary) Limited | 4 611 | 955 | |||
| Moneyline 311 (Proprietary) Limited | 4 611 | 2 500 | |||
| Rent received from related parties | |||||
| Activi Deployment Services (Proprietary) Limited | — | 27 | |||
| Africa Prepaid Services (Proprietary) Limited | 124 | — | |||
| Blue Label Data Solutions (Proprietary) Limited | 205 | 50 | |||
| Blue Label One (Proprietary) Limited | 295 | 93 | |||
| Blue Label Distribution (Proprietary) Limited (previously Comm Express Services SA (Proprietary) Limited) | 3 402 | 206 | |||
| Demtrade 11 (Proprietary) Limited | 95 | 10 | |||
| Smart Voucher Limited | — | 25 | |||
| The Prepaid Company (Proprietary) Limited | 2 780 | 230 | |||
| Zok Cellular (Proprietary) Limited | 195 | 16 | |||
| Impairment of related party investments | |||||
| Africa Prepaid Services (Proprietary) Limited | 61 519 | — | |||
| Blue Label Australasia (Proprietary) Limited | — | 1 926 | |||
| Celebia Holdings Limited | — | 38 | |||
| Cellfind SA (Proprietary) Limited | 141 841 | — | |||
| Content Connect Africa (Proprietary) Limited | 12 000 | — | |||
| Datacel Direct (Proprietary) Limited | 16 073 | — | |||
| Demtrade 11 (Proprietary) Limited | 2 554 | — | |||
| Gold Label Investments (Proprietary) Limited | — | 24 465 | |||
| SharedPhone International (Proprietary) Limited | 16 089 | — | |||
| Impairment of related party loans | |||||
| Africa Prepaid Services (Proprietary) Limited | 22 055 | — | |||
| Blue Label Australasia (Proprietary) Limited | 447 | 3 502 | |||
| Gold Label Investments (Proprietary) Limited | — | 149 610 | |||
| Dividends received from related parties | |||||
| Demtrade 11 (Proprietary) Limited | 416 | — | |||
| House of Business Solutions (Proprietary) Limited | 215 | — | |||
| Loans to related parties | |||||
| Activi Technology Services (Proprietary) Limited | — | 1 643 | |||
| Africa Prepaid Services (Proprietary) Limited | 50 508 | 50 896 | |||
| Blue Label Australasia (Proprietary) Limited | — | 379 | |||
| Blue Label Data Solutions (Proprietary) Limited | — | 292 | |||
| Blue Label Distribution (Proprietary) Limited (previously Comm Express Services SA (Proprietary) Limited) | 8 478 | 5 990 | |||
| Blue Label Investments (Proprietary) Limited | — | 1 193 | |||
| Blue Label Mexico S.A. de C.V. | 257 | 545 | |||
| Blue Label One (Proprietary) Limited | 924 | 800 | |||
| Blue Label Telecoms USA Incorporated | 50 540 | 50 540 | |||
| Cellfind SA (Proprietary) Limited | 2 580 | 1 131 | |||
| Cigicell (Proprietary) Limited | 2 094 | — | |||
| CNS Call Centre (Proprietary) Limited | 15 | — | |||
| Content Connect Africa (Proprietary) Limited | 394 | 723 | |||
| Datacel Direct (Proprietary | 14 951 | 12 933 | |||
| Demtrade 11 (Proprietary) Limited | — | 145 | |||
| Loans to related parties | |||||
| Gold Label Investments (Proprietary) Limited | 260 | — | |||
| Kwikpay SA (Proprietary) Limited | — | 746 | |||
| Matragon (Proprietary) Limited | — | 30 377 | |||
| SharedPhone International (Proprietary) Limited | 2 754 | 758 | |||
| The Postpaid Company (Proprietary) Limited | 1 197 | 2 502 | |||
| The Prepaid Company (Proprietary) Limited | 690 904 | 791 113 | |||
| Transaction Junction (Proprietary) Limited | 1 178 | 414 | |||
| Uninex (Proprietary) Limited | 976 | 976 | |||
| Velociti (Proprietary) Limited | 1 936 | 1 705 | |||
| Virtual Voucher (Proprietary) Limited | — | 103 | |||
| Loans from related parties | |||||
| Blue Label Investments (Proprietary) Limited | 1 226 | — | |||
| Ventury Group (Proprietary) Limited | 48 000 | 48 000 | |||
| Amounts due from related parties | |||||
| Black Ginger 59 (Proprietary) Limited | — | 951 | |||
| Blue Label Australasia (Proprietary) Limited | — | 19 | |||
| Comm Express Services SA (Proprietary) Limited | — | 21 | |||
| Datacel Direct (Proprietary) Limited | — | 31 | |||
| Smart Voucher Limited | 2 337 | 1 637 | |||
| ZOK Cellular (Proprietary) Limited | — | 21 | |||
| 2 337 | 2 680 | ||||
| Amounts due to related parties | |||||
| Black Ginger 59 (Proprietary) Limited | 37 | 335 | |||
| Blue Label Distribution (Proprietary) Limited (previously Comm Express Services SA (Proprietary) Limited) | 12 | — | |||
| Blue Label Australasia (Proprietary) Limited | — | 41 | |||
| Blue Label Mexico S.A. de C.V. | — | 203 | |||
| Demtrade 11 (Proprietary) Limited | 204 | 361 | |||
| Moneyline 311 (Proprietary) Limited | (472) | 1 096 | |||
| Neil Lazarus | 447 | — | |||
| Unihold Group Limited | 124 | — | |||
| ZOK Cellular (Proprietary) Limited | — | 1 | |||
| 352 | 2 037 | ||||
| Disposal of intangible asset to related party | |||||
| Blue Label Distribution (Proprietary) Limited (previously Comm Express Services SA (Proprietary) Limited) | — | 3 579 | |||
| Leasehold improvements recovered by related party | |||||
| Ellerine Bros. (Proprietary) Limited | 925 | 11 500 | |||
| Basis of transactions | |||||
| All transactions with related parties are conducted on the same terms as other transactions of a similar nature. |
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