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NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2015
155
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
2014
R’000
16.
BORROWINGS
Interest-bearing borrowings
—
2 653
Non-interest-bearing borrowings
16 087
12 437
16 087
15 090
Less:
Amounts included in current portion of borrowings
(16 087)
(15 090)
—
—
The Group did not default on any loans or breach any terms of
the underlying agreements during the period. Borrowings are
unsecured and are repayable on demand. Interest-bearing
borrowings in the prior year bore interest at prime plus 2%.
Included in borrowings is R4.7 million owing to related parties,
which is interest free (refer to note 29).
17.
REVENUE
Prepaid airtime
20 203 059
18 187 650
Postpaid airtime
127 030
38 294
Prepaid and postpaid SIM cards
701 223
582 618
Services
442 600
276 018
Electricity commission
201 170
153 460
Handsets, tablets and other devices
178 886
83 570
Other revenue*
190 254
80 056
22 044 222
19 401 666
* Other revenue primarily comprises meter installations, data, device
rentals and ticket sales.
18.
EMPLOYEE COMPENSATION AND BENEFIT EXPENSE
Salaries and wages
329 447
286 212
Bonuses
53 038
34 563
Equity compensation benefit
24 290
11 069
Other
673
698
407 448
332 542
Average number of employees for the year was 1 271 (2014: 1 186).
2015
R’000