Details of material transactions and balances with related parties are as follows:
September 2013 |
September 2012 |
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 | 538 | 413 | 446 |
| Trade payables | |||
| Department of Communications | - | (73) | - |
| Related party transactions | |||
| Revenue | (1 562) | (1 988) | (3 017) |
| Individually significant revenue* | (653) | (601) | (1 345) |
| City of Cape Town | (37) | (33) | (66) |
| Department of Correctional Services | (47) | (41) | (93) |
| Department of Health: Gauteng | (25) | (24) | (50) |
| Department of Justice | (54) | (52) | (118) |
| South African National Defence Force | (26) | (31) | (72) |
| South African Police Services | (296) | (265) | (601) |
| South African Revenue Services | (24) | (19) | (42) |
| S.I.T.A. (Pty) Limited | (102) | (82) | (195) |
| South African Post Office | (22) | (25) | (50) |
| Department of Interior Affairs | (20) | (29) | (58) |
| Collectively significant revenue* | (909) | (1 387) | (1 672) |
| *The nature of the individually and collectively significant revenue consists mostly of data revenue. | |||
| At 30 September 2013, the Government of South Africa held 39,8% (March 2013: 39,8%) of Telkom's shares, and has the ability to exercise significant influence, and the Public Investment Corporation held 13,4% (March 2013: 11,7%) of Telkom's shares. | |||
| With entities under common control: | |||
| Major public entities | |||
| Related party balances | |||
| Trade receivables | 36 | 17 | 48 |
| Trade payables | 2 | - | - |
| Related party transactions | |||
| Revenue | (136) | (157) | (260) |
| Expenses | 113 | 126 | 237 |
| Individually significant expenses: | 106 | 119 | 223 |
| South African Post Office | 47 | 48 | 96 |
| Eskom | 59 | 71 | 127 |
| Collectively significant expenses | 7 | 7 | 17 |
| Rent received | (23) | (13) | (43) |
| Individually significant rent received: South African Post Office | (21) | (11) | (39) |
| Collectively significant rent received | (2) | (2) | (4) |
| Rent paid | 14 | 13 | 26 |
| Individually significant rent paid:South African Post Office | 9 | 9 | 17 |
| Collectively significant rent paid | 5 | 4 | 9 |
| Key management personnel compensation: (Including directors and prescribed officers' emoluments) | |||
| Related party transactions | |||
| Short-term employee benefits | 70 | 97 | 189 |
| Post-employment benefits | 5 | 5 | 10 |
| Termination benefits | 2 | 16 | 24 |
| 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. | |||