| Reviewed Six months ended 30 September 2014 |
Reviewed Six months ended 30 September 2013 |
Audited Year ended 31 March 2013 |
|
|---|---|---|---|
| Rm | Rm | Rm | |
| Details of material transactions and balances with related parties not disclosed separately in the consolidated annual financial statements were as follows: | |||
| With shareholders: | |||
| Government of South Africa | |||
| Related party balances | |||
| Trade receivables | 468 | 538 | 456 |
| Related party transactions | |||
| Revenue | (1 651) | (1 562) | (3 307) |
| Individually significant revenue* | (598) | (653) | (1 322) |
| City of Cape Town | (19) | (37) | (45) |
| Department of Correctional Services | (36) | (47) | (90) |
| Department of Health: Gauteng | (24) | (25) | (51) |
| Department of Justice | (47) | (54) | (114) |
| South African National Defence Force | (30) | (26) | (72) |
| South African Police Services | (274) | (296) | (597) |
| South African Revenue Services | (15) | (24) | (38) |
| S.I.T.A. (Proprietary) Limited | (102) | (102) | (206) |
| South African Post Office | (24) | (22) | (52) |
| Department of Interior Affairs | (27) | (20) | (57) |
| Collectively significant revenue | (1 053) | (909) | (1 985) |
| At 30 September 2014, the Government of South Africa held 39.8% (March 2014: 39.8%) of Telkom’s shares, and has the ability to exercise significant influence by virtue of their voting rights at the Annual General Meeting, and the Public Investment Corporation held 12.8% ( March 2014: 13.5%) of Telkom’s shares. | |||
| With entities under common control: Major public entities |
|||
| Related party balances | |||
| Trade receivables | 62 | 36 | 35 |
| Trade payables | (1) | (2) | (1) |
| Related party transactions | |||
| Revenue | (124) | (136) | (253) |
| Expenses | 123 | 113 | 250 |
| Individually significant expenses: | 117 | 106 | 236 |
| South African Post Office | 41 | 47 | 89 |
| Eskom | 70 | 59 | 136 |
| South African Broadcasting Corporation | 6 | - | 11 |
| Collectively significant expenses | 7 | 7 | 14 |
| Rent received | (26) | (23) | (49) |
| Individually significant rent received: South African Post Office | (23) | (21) | (43) |
| Collectively significant rent received | (3) | (2) | (6) |
| Rent paid | 14 | 14 | 29 |
| Individually significant rent paid: South African Post Office | 10 | 9 | 19 |
| Collectively significant rent paid | 4 | 5 | 10 |
| Key management personnel compensation: (Including directors and prescribed officers' emoluments) | |||
| Related party transactions | |||
| Short-term employee benefits | 76 | 70 | 190 |
| Post-employment benefits | 6 | 5 | 10 |
| Termination benefits | 3 | 2 | 2 |
| Equity compensation benefits | 13 | - | 6 |
| Terms and conditions of transactions with related parties | |||
| Outstanding balances at the end of financial periods are unsecured, interest free and settlement occurs in cash. There have been no guarantees provided or received for related party receivables or payables. | |||
| * The nature of the individually and collectively significant revenue consists mostly of data revenue. | |||