176 / 198
For the year ended 31 May 2016
BLUE LABEL INTEGRATED ANNUAL REPORT 2016
174
NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS
continued
2016
R’000
2015
R’000
12. Trade and other payables
Trade payables
681
726
Accruals
8 552
4 520
Employee benefits
30 436
26 620
Sundry creditors
4 008
4 843
Contingent consideration (refer to note 2)
68 232
93 280
VAT
708
983
Payables to related parties (refer to note 21)
56
3 854
112 673
134 826
Less:
Amounts included in current portion of trade and other payables
90 999
44 705
21 674
90 121
13. Loans from subsidiaries
Blue Label Investments Proprietary Limited
—
3 638
The Prepaid Company Proprietary Limited
1 135 399
703 253
Ventury Group Proprietary Limited
48 000
48 000
1 183 399
754 891
Refer to note 21 for terms of these loans.
14. Employee compensation and benefit expense
Salaries and wages
48 701
48 416
Bonuses
29 399
24 753
Equity compensation benefit
8 241
11 274
Other
227
743
86 568
85 186
The average number of employees for the year is 32 (2015: 34).