181 / 198
For the year ended 31 May 2016
179
BLUE LABEL INTEGRATED ANNUAL REPORT 2016
NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS
continued
21. Related-party transactions
continued
Related-party relationships continued
2016
R’000
2015
R’000
Impairment of related party loans
Africa Prepaid Services Proprietary Limited
2 496
12 254
Africa Prepaid Services Nigeria Limited
—
11 231
Cellfind SA Proprietary Limited
(141 841)
—
Datacel Direct Proprietary Limited
(16 073)
—
Gold Label Investments Proprietary Limited
—
(53 927)
Loans to related parties
Gold Label Investments Proprietary Limited*
160 560
—
Loan is interest free.
2DFine Holdings Mauritius
115 678
80 672
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
Loan is repayable on demand and is interest-free.
The Prepaid Company Proprietary Limited
1 135 399
703 253
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
Blue Label Distribution Proprietary Limited
978
—
Black Ginger 59 Proprietary Limited
4 351
3 592
5 329
3 592
Amounts due to related parties included in trade payables
Black Ginger 59 Proprietary Limited
—
1 745
Cellfind SA Proprietary Limited
56
—
Moneyline 311 Proprietary Limited
—
2 110
56
3 855
* Carrying value after provision for impairment.