For the year ended 31 March 2016
2016Rm |
Restated |
|
|---|---|---|
| Details of material transactions and balances with related parties were as follows: | ||
| With shareholders: | ||
| Government of South Africa | ||
| Related party balances | ||
| Finance lease receivable | 272 | 366 |
| Trade receivable | 562 | 464 |
| Provision for doubtful debt | (67) | (16) |
| Related party transactions | ||
| Revenue | (3 700) | (3 770) |
| Individually significant revenue | (1 494) | (1 870) |
| City of Cape Town | (41) | (41) |
| Department of Correctional Services | (78) | (82) |
| Department of Health: Gauteng | (95) | (389) |
| Department of Justice | (104) | (109) |
| South African National Defence Force | (66) | (69) |
| South African Police Services | (577) | (628) |
| South African Revenue Services | (28) | (34) |
| S.I.T.A. (Pty) Ltd | (201) | (205) |
| South African Post Office | (37) | (55) |
| Ekurhuleni Metropolitan Council** | (57) | (52) |
| KZN Ethekwini Municipality** | (44) | (46) |
| Department of Internal Affairs | (53) | (61) |
| Eastern Cape Department of Health** | (49) | (38) |
| Province of KZN Health Service** | (64) | (61) |
| Collectively significant revenue* | (2 206) | (1 900) |
| *The nature of the individually and collectively significant revenue consists mostly of data revenue. **Individually significant from the current year. |
||
| At 31 March 2016, the Government of South Africa held 39.3% (2015: 39.8%) of Telkom's shares, and has the ability to exercise significant influence, and the Public Investment Corporation held 11.4% (2015: 12%) of Telkom's shares. | ||
| With entities under common control: | ||
| Major public entities | ||
| Related party balances | ||
| Trade receivables | 130 | 75 |
| Trade payables | (5) | (1) |
| Related party transactions | ||
| Revenue | (394) | (243) |
| Expenses | 226 | 238 |
| Individually significant expenses | 207 | 226 |
| South African Post Office | 52 | 77 |
| Eskom | 155 | 144 |
| South African Broadcasting Corporation | - | 5 |
| Collectively significant expenses | 19 | 12 |
| Rent received | (28) | (53) |
| Individually significant rent received: South African Post Office | (25) | (46) |
| Collectively significant rent received | (3) | (7) |
| Rent paid | 10 | 29 |
| Individually significant rent paid: South African Post Office | 5 | 19 |
| Collectively significant rent paid | 5 | 10 |
| Key management personnel compensation: | ||
| (Including directors and prescribed officers' emoluments) | ||
| Related party transactions | ||
| Short-term employee benefits* | 236 | 214 |
| Post-employment benefits | 17 | 12 |
| Termination benefits | 14 | 5 |
| Equity compensation benefits | 1 | 4 |
| 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. |
||
| *Short term incentives has not yet been allocated but is included in employee expenses. | ||