180 / 198
For the year ended 31 May 2016
BLUE LABEL INTEGRATED ANNUAL REPORT 2016
178
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 2.1 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, refer to note 5.3 of the Group annual financial statements and remuneration
report. The Executive Directors of the Company are regarded as key management.
The following transactions were carried out with related parties:
2016
R’000
2015
R’000
Purchases from related parties
Black Ginger 59 Proprietary Limited
3 906
6 659
Blue Label Distribution Proprietary Limited
881
—
Cellfind SA Proprietary Limited
—
15
Stax Technologies Proprietary Limited
—
144
Stylco Proprietary Limited
50
50
Ticketpros Proprietary Limited
24
—
ZOK Cellular Proprietary Limited
—
11
Interest received from related parties
Africa Prepaid Services Proprietary Limited
—
3 128
Africa Prepaid Services Nigeria Limited
—
1 286
2DFine Holdings Mauritius
9 940
7 135
Blue Label Mexico S.A. de C.V.
—
(18)
Management fees received from related parties
Activi Deployment Services Proprietary Limited
117
106
Blue Label Distribution Proprietary Limited
4 046
3 678
Blue Label One Proprietary Limited
594
540
Cellfind SA Proprietary Limited
4 209
3 827
Cigicell Proprietary Limited
3 625
3 295
Datacel Direct Proprietary Limited
792
720
The Prepaid Company Proprietary Limited
96 000
96 000
Transaction Junction Proprietary Limited
117
106
Management fees paid to related parties
Blue Label Distribution Proprietary Limited
718
—
Rent received from related parties
Black Ginger 59 Proprietary Limited
14 404
13 866
Rent paid to related parties
Ellerine Bros. Proprietary Limited
7 597
6 875
Moneyline 311 Proprietary Limited
7 597
6 875