for the six months ended 30 September 2012
Details of material transactions and balances with related parties are as follows:
30 September 2012 |
30 September 2011 |
31 March 2012 |
|
|---|---|---|---|
Rm |
Rm |
Rm |
|
| With shareholders: | |||
| Government of South Africa | |||
| Related party balances | |||
| Trade receivables | 413 | 355 | 371 |
| Trade payables | |||
| Department of Communications | (73) | (374) | (71) |
| Related party transactions | |||
| Revenue | (1 988) | (1 597) | (3 064) |
| Individually significant revenue* | (547) | (550) | (1 105) |
| City of Cape Town | (33) | (47) | (84) |
| Department of Correctional Services | (41) | (35) | (73) |
| Department of Health: Gauteng | (24) | (30) | (63) |
| Department of Justice | (52) | (52) | (104) |
| South African National Defence Force | (31) | (30) | (59) |
| South African Police Services | (265) | (257) | (522) |
| South African Revenue Services | (19) | (22) | (41) |
| S.I.T.A. (Pty) Limited | (82) | (77) | (159) |
| Collectively significant revenue* | (1 441) | (1 047) | (1 959) |
| *The nature of the individually and collectively significant revenue consists mostly of data revenue. | |||
| At 30 September 2012, the Government of South Africa held 39.76% (March 2012: 39.76%) of Telkom's shares and the Public Investment Corporation held 3.92% (March 2012: 3.92%) of Telkom's shares and a further 8.95% (March 2012: 8.95%) through Black Ginger 33 (Proprietary) Limited. | |||
| With entities under common control: | |||
| Major public entities | |||
| Related party balances | |||
| Trade receivables | 17 | 15 | 11 |
| Trade payables | - | (1) | (1) |
| The outstanding balances are unsecured and will be settled in cash in the ordinary course of business. | |||
| Related party transactions | |||
| Revenue | (222) | (218) | (383) |
| Expenses | 126 | 106 | 223 |
| Individually significant expenses: | 119 | 99 | 207 |
| South African Post Office | 48 | 47 | 95 |
| Eskom | 71 | 52 | 107 |
| South African Broadcast Corporation | - | - | 5 |
| Collectively significant expenses | 7 | 7 | 16 |
| Rent received | (13) | (13) | (26) |
| Individually significant rent received: | |||
| South African Post Office | (11) | (11) | (22) |
| Collectively significant rent received | (2) | (2) | (4) |
| Rent paid | 13 | 11 | 21 |
| Individually significant rent paid: | |||
| South African Post Office | 9 | 7 | 13 |
| Collectively significant rent paid | 4 | 4 | 8 |
| Key management personnel compensation: | |||
| Related party transactions | |||
| Short-term employee benefits | 96 | 76 | 188 |
| Post-employment benefits | 5 | 4 | 8 |
| Equity compensation benefits | 1 | - | 3 |
| Termination benefits | 16 | - | 6 |
| Terms and conditions of transactions with related parties | |||
| Outstanding balances at period-end are unsecured, interest free and settlement occurs in cash. There have been no guarantees provided or received for related party receivables or payables. |