for the six months ended 30 September 2016
| Reviewed Six months ended 30 September 2016 |
Reviewed Six months ended 30 September 2015 |
Audited Year ended 31 March 2016 |
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|---|---|---|---|---|---|---|
| Rm | Rm | Rm | ||||
| Related parties | ||||||
| Details of material transactions and balances with related parties not disclosed separately in the condensed consolidated interim annual financial statements were as follows: | ||||||
| With shareholders: | ||||||
| Government of South Africa | ||||||
| Related party balances | ||||||
| Finance lease receivable | 250 | 320 | 272 | |||
| Trade receivables | 561 | 459 | 562 | |||
| Allowance for doubtful debt | (68) | (20) | (67) | |||
| Related party transactions | ||||||
| Revenue | (1 974) | (1 797) | (3 700) | |||
| Individually significant revenue* | (677) | (622) | (1 278) | |||
| Department of Correctional Services | (42) | (38) | (78) | |||
| Eastern Cape Department of Health | (26) | (25) | (49) | |||
| Province of KZN Health Service | (40) | (27) | (64) | |||
| Department of Justice | (56) | (50) | (104) | |||
| South African National Defence Force | (35) | (33) | (66) | |||
| South African Police Services | (301) | (284) | (577) | |||
| S.I.T.A. (Pty) Ltd | (112) | (98) | (201) | |||
| Ekurhuleni Metropolitan Council | (22) | (26) | (57) | |||
| Mpumalanga Department of Health ** | (15) | (15) | (29) | |||
| Department of Interior Affairs | (28) | (26) | (53) | |||
| Collectively significant revenue* | (1 297) | (1 175) | (2 422) | |||
| *The nature of the individually and collectively significant revenue consists mostly of data revenue.
The individually significant revenue has changed in the current reporting period due to the make up of the
entities disclosed. **Individually significant for the current reporting period. |
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| At 30 September 2016, the Government of South Africa held 39.3% (30 September 2015: 39.3%; 31 March 2016: 39.3%) 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 11.6% (30 September 2015: 11.9%; 31 March 2016: 11.4%) of Telkom's shares. | ||||||
| With entities under common control: | ||||||
| Major public entities |
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| Related party balances | ||||||
| Trade receivables | 54 | 83 | 130 | |||
| Trade payables | (7) | (1) | (5) | |||
| Related party transactions | ||||||
| Revenue | (110) | (121) | (394) | |||
| Expenses | 120 | 120 | 226 | |||
| Individually significant expenses | 112 | 115 | 207 | |||
| South African Post Office | 25 | 36 | 52 | |||
| Eskom | 87 | 79 | 155 | |||
| Collectively significant expenses | 8 | 5 | 19 | |||
| Rent received | (16) | (35) | (28) | |||
| Individually significant rent received: South African Post Office | (12) | (31) | (25) | |||
| Collectively significant rent received | (4) | (4) | (3) | |||
| Rent paid | 12 | 30 | 10 | |||
| Individually significant rent paid: South African Post Office | 9 | 26 | 5 | |||
| Collectively significant rent paid | 3 | 4 | 5 | |||
| Key management personnel compensation: |
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| (Including directors and prescribed officers' emoluments) |
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| Related party transactions | ||||||
| Short-term employee benefits | 91 | 89 | 308 | |||
| Post-employment benefits | 6 | 7 | 17 | |||
| Termination benefits | 2 | 3 | 14 | |||
| Equity compensation benefits | 29 | 1 | 14 | |||
| 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. | ||||||