224 / 248
NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2015
222
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
2015
2014
R’000
21.
RELATED PARTY TRANSACTIONS continued
Rent received from related parties
Black Ginger 59 Proprietary Limited
13 866
13 545
Rent paid to related parties
Ellerine Bros. Proprietary Limited
6 875
6 222
Moneyline 311 Proprietary Limited
6 875
6 222
Impairment of related party loans
Africa Prepaid Services Proprietary Limited
12 254
17 740
Africa Prepaid Services Nigeria Limited
11 231
12 397
Gold Label Investments Proprietary Limited
(53 927)
—
Loans to related parties
Blue Label Mexico S.A. de C.V.
—
1 054
Loan is repayable on demand and bears interest at 4.25% per annum.
Gold Label Investments Proprietary Limited
—
30 589
Loan is repayable on demand and is interest free.
2DFine Holdings Mauritius
80 672
63 035
Loan is repayable on demand and bears interest at 10% per annum.
Uninex Proprietary Limited
976
976
Loan is repayable on demand and is interest free.
Loans from related parties
Blue Label Investments Proprietary Limited
3 638
3 638
Loan is repayable on demand and is interest free.
The Prepaid Company Proprietary Limited
703 253
423 311
Loan is repayable on demand and is interest free.
Ventury Group Proprietary Limited
48 000
48 000
Loan is repayable on demand and is interest free.
Amounts due from related parties included in trade
receivables
Black Ginger 59 Proprietary Limited
3 592
—
3 592
—
2015
R’ 00