for the year ended 31 March 2011
Restated |
2011 |
|
|---|---|---|
Rm |
Rm |
|
| Related parties | ||
| Details of material transactions and balances with related parties were as follows: | ||
| With shareholders: | ||
| Government of South Africa | ||
| Related party balances | ||
| Trade receivables | 353 | 354 |
| Related party transactions | ||
| Revenue | (2,861) | (2,904) |
| Individually significant revenue* | (1,070 | (1,151) |
| City of Cape Town | (75) | (95) |
| Department of Correctional Services | (73) | (66) |
| Department of Health: Gauteng | (36) | (65) |
| Department of Justice | (78) | (97) |
| South African National Defence Force: (CSF) | (72) | (68) |
| South African Police Services | (523) | (557) |
| South African Revenue Services | (68) | (49) |
| S.I.T.A. (Pty) Limited | (145) | (154) |
| Collectively significant revenue* | (1,791) | (1,753) |
| *The nature of the individually and collectively significant revenue consists mostly of data revenue.The prior year revenue stream consisted mostly of voice revenue. | ||
| At 31 March 2011, the Government of South Africa held 39.76% (2010: 39.76%) of Telkom's shares and the Public Investment Corporation held 3.92% (2010: 3.92%) of Telkom's shares and a further 8.95% (2010: 8.95%) through Black Ginger 33 (Proprietary) Limited. | ||
| With entities under common control: | ||
| Major public entities | ||
| Related party balances | ||
| Trade receivables | 39 | 25 |
| Trade payables | (8) | (1) |
| The outstanding balances are unsecured and will be settled in cash in the ordinary course of business. | ||
| Related party transactions | ||
| Revenue | (381) | (332) |
| Expenses | 222 | 163 |
| Individually significant expenses | 190 | 151 |
| South African Post Office | 110 | 55 |
| Eskom | 72 | 84 |
| South African Broadcast Services | 8 | 12 |
| Collectively significant expenses | 44 | 12 |
| Rent received | (29) | (28) |
| Individually significant rent received: South African Post Office | (25) | (24) |
| Collectively significant rent received | (4) | (4) |
| Rent paid | 22 | 24 |
| Individually significant rent paid: South African Post Office | 13 | 14 |
| Collectively significant rent paid | 9 | 10 |
| Key management personnel compensation: | ||
| (Including directors' emoluments) | ||
| Related party transactions | ||
| Short-term employee benefits | 137 | 137 |
| Post-employment benefits | 7 | 7 |
| Equity compensation benefits | 21 | 12 |
| Terms and conditions of transactions with related parties | ||
| Except as indicated above, 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. |