219 / 248
For the year ended 31 May 2015
217
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS
CONTINUED
2014
R’000
12.
TRADE AND OTHER PAYABLES
Trade payables
726
738
Accruals
4 520
4 501
Employee benefits
26 620
5 278
Sundry creditors
4 843
4 880
Contingent consideration
93 280
7 256
VAT
983
—
Payables to related parties (refer to note 21)
3 854
638
134 826
23 291
Less:
Amounts included in current portion of trade and other
payables
44 705
(23 291)
90 121
—
13.
LOANS FROM SUBSIDIARIES
Blue Label Investments Proprietary Limited
3 638
3 638
The Prepaid Company Proprietary Limited
703 253
423 311
Ventury Group Proprietary Limited
48 000
48 000
754 891
474 949
Loans are unsecured, interest free and are repayable on demand.
2015
R’000