for the year ended 31 March 2015
2015Rm |
2014Rm |
|
---|---|---|
Related parties | ||
Details of material transactions and balances with related parties were as follows: | ||
With shareholders: | ||
Government of South Africa* | ||
Related party balances | ||
Finance lease receivable | 366 | 51 |
Trade receivables | 462 | 456 |
Provision for doubtful debt | (16) | - |
Related party transactions | ||
Revenue | (3 747) | (3 334) |
Individually significant revenue** | (1 771) | (1 322) |
City of Cape Town | (41) | (45) |
Department of Correctional Services | (82) | (90) |
Department of Health: Gauteng | (389) | (51) |
Department of Justice | (109) | (114) |
South African National Defence Force | (69) | (72) |
South African Police Services | (628) | (597) |
South African Revenue Services | (34) | (38) |
S.I.T.A. Proprietary Ltd | (205) | (206) |
South African Post Office | (55) | (52) |
Ekurhuleni Metropolitan Council*** | (52) | - |
KZN Ethekwini Municipality*** | (46) | - |
Department of Internal Affairs | (61) | (57) |
Collectively significant revenue** | (1 976) | (2 012) |
*Comparatives were restated. This was to incorporate the finance lease transaction. |
||
At 31 March 2015, the Government of South Africa held 39,8% (2014: 39,8%) of Telkom’s shares and the Public Investment Corporation held 12% (2014:13,5%) of Telkom’s shares. | ||
With entities under common control: | ||
Major public entities | ||
Related party balances | ||
Trade receivables | 74 | 35 |
Trade payables | (1) | (1) |
Related party transactions | ||
Revenue | (238) | (253) |
Expenses | 238 | 250 |
Individually significant expenses | 226 | 236 |
South African Post Office | 77 | 89 |
Eskom | 144 | 136 |
South African Broadcasting Corporation | 5 | 11 |
Collectively significant expenses | 12 | 14 |
Rent received | (53) | (49) |
Individually significant rent received: South African Post Office | (46) | (43) |
Collectively significant rent received | (7) | (6) |
Rent paid | 29 | 29 |
Individually significant rent paid: South African Post Office | 19 | 19 |
Collectively significant rent paid | 10 | 10 |
Key management personnel compensation: (Including directors and prescribed officers' emoluments) | ||
Related party transactions | ||
Short-term employee benefits | 141 | 190 |
'Post-employment benefits | 10 | 10 |
Termination benefits | 5 | 2 |
Equity compensation benefits | - | 6 |
Terms and conditions of transactions with related partiesOutstanding balances at the year-end are unsecured, interest free and settlement occurs in cash. There have been no guarantees provided or received for related party receivables or payables. |
||