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NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
continued
For the year ended 31 May 2016
BLUE LABEL INTEGRATED ANNUAL REPORT 2016
145
8.
Related parties
continued
2016
R’000
2015
R’000
Purchases of intangible assets from related parties
Liquid NFC Proprietary Limited
—
13 000
Mpower Softcomm Private Limited*
374
3 580
Loans from related parties
Datacision Proprietary Limited* (refer to note 3.2.2)
4 738
4 738
Loans to related parties
2DFine Holdings Mauritius*
†
(refer to note 2.1)
234 892
163 634
Banosign Proprietary Limited* (refer to note 2.1)
1 638
—
Lornanox Proprietary Limited* (refer to note 2.1)
65 949
6 000
Oxigen Services India Private Limited* (refer to note 2.1)
38 359
29 552
Stylco Proprietary Limited (refer to note 3.1.1)
26 000
—
Supa Pesa South Africa Proprietary Limited* (refer to note 2.1)
7 307
7 900
ZOK Cellular Proprietary Limited (refer to note 3.1.1)
20 881
18 768
Amounts due from related parties included in trade receivables
Banosign Proprietary Limited*
4 057
—
Black Ginger 59 Proprietary Limited
4 351
3 987
Blue Label Mexico S.A. de C.V.*
1 039
1 943
Datacision Proprietary Limited
3 330
3 165
iBurst Proprietary Limited
—
57
Lornanox Proprietary Limited*
5 846
—
Oxigen Services India Private Limited*
6 328
—
Stax Technologies Proprietary Limited
21
24
Stylco Proprietary Limited
747
—
ZOK Cellular Proprietary Limited
—
2
25 719
9 178
Amounts due to related parties included in trade payables
Black Ginger 59 Proprietary Limited
3 166
4 517
Datacision Proprietary Limited*
44
98
Moneyline 311 Proprietary Limited
—
2 110
Mpower Softcomm Private Limited*
—
901
PLL Investments Proprietary Limited
—
141
Stylco Proprietary Limited
7
3
Wildekrans Trust
15
—
Wireless Business Solutions Proprietary Limited
—
58
ZOK Cellular Proprietary Limited
19 912
—
23 144
7 828
* 2DFine Holdings Mauritius, Banosign Proprietary Limited, Blue Label Mexico S.A. de C.V., Datacision Proprietary Limited, Forensic
Intelligence Data Solutions Proprietary Limited, Lornanox Proprietary Limited, Mpower Softcomm Private Limited, and Supa Pesa South
Africa Proprietary Limited are related parties in that they are associates and joint ventures of the Group (refer to note 2.4). The
remaining companies are related parties due to Directors’ shareholdings and the companies having certain common directorships.
†
B Levy and M Levy have signed personal sureties for the loan owed by 2DFine Holdings Mauritius to Gold Label Investments
Proprietary Limited. Their liability is limited to the difference between the loan owing to Gold Label Investments Proprietary Limited
and the value of 17.21% (2015: 18.61%) of the shares in Oxigen Services India Private Limited on the 30th day after which the
loan becomes due and payable or the extended date as may be agreed in writing by Gold Label Investments Proprietary Limited.
For details of emoluments to Directors refer to note 5.3. The Executive Directors of the Company are regarded as key
management of the Group.
For details of the shareholdings in the Company, refer to the Directors’ report.