223 / 248
For the year ended 31 May 2015
221
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS
CONTINUED
21.
RELATED PARTY TRANSACTIONS
Related party relationships
For details of subsidiaries 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, BSC Technologies Proprietary Limited, Black Ginger 59 Proprietary
Limited, Moneyline 311 Proprietary Limited, aloeCap Proprietary Limited, Stylco Proprietary Limited,
Wildekrans Wine Estate Proprietary Limited, Stax Technologies Proprietary Limited, and Ellerine Bros.
Proprietary Limited are related parties due to Directors’ shareholdings and the companies having
certain common directorships.
For details of the shareholdings in the Company, refer to the Directors’ report.
For details of emoluments to Directors, who are regarded as key management, refer to note 29 of
the Group annual financial statements and remuneration report.
The following transactions were carried out with related parties:
2015
2014
R’000
Purchases from related parties
Black Ginger 59 Proprietary Limited
6 659
6 115
BSC Technologies Proprietary Limited
—
65
Cellfind SA Proprietary Limited
15
14
Stax Technologies Proprietary Limited
144
26
Stylco Proprietary Limited
50
—
The Prepaid Company Proprietary Limited
—
2
Wildekrans Wine Estate Proprietary Limited
—
1
ZOK Cellular Proprietary Limited
11
20
Interest received from related parties
Africa Prepaid Services Proprietary Limited
3 128
4 462
Africa Prepaid Services Nigeria Limited
1 286
1 273
2DFine Holdings Mauritius
7 135
527
Blue Label Mexico S.A. de C.V.
(18)
1 017
Management fees received from related parties
Activi Deployment Services Proprietary Limited
106
97
Blue Label Distribution Proprietary Limited
3 678
3 343
Blue Label Mexico S.A. de C.V.
—
250
Blue Label One Proprietary Limited
540
1 200
Cellfind SA Proprietary Limited
3 827
3 479
Cigicell Proprietary Limited
3 295
2 996
Datacel Direct Proprietary Limited
720
483
The Prepaid Company Proprietary Limited
96 000
68 000
Transaction Junction Proprietary Limited
106
97
2015
R’ 00