Note 21: Related parties

for the year ended 31 March 2015

 
2015
Rm
2014
Rm
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.
**The nature of the individually and collectively significant revenue consists mostly of data revenue.
***Individually significant from the current year.
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 parties

Outstanding 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.