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BLUE LABEL
INTEGRATED ANNUAL REPORT 2017
22. Related-party transactions
continued
Related-party relationships continued
The following transactions were carried out with related parties:
2017
R’000
2016
R’000
Purchases from related parties
Black Ginger 59 Proprietary Limited
2 501
3 906
Blue Label Distribution Proprietary Limited
855
881
Stylco Proprietary Limited
89
50
The Grill House Close Corporation
10
—
The Prepaid Company Proprietary Limited
81
—
Ticketpros Proprietary Limited
5
24
Uvongo Falls 26 Proprietary Limited
462
—
ZOK Cellular Proprietary Limited
1
—
Purchases of property, plant and equipment from related parties
Melrose Motor Investments Proprietary Limited
842
—
Dividends received from related parties
Kwikpay Proprietary Limited
8 453
—
Transaction Junction Proprietary Limited
6 000
—
Interest received from related parties
2DFine Holdings Mauritius
10 580
9 940
Management fees received from related parties
Activi Deployment Services Proprietary Limited
54
117
Blue Label Distribution Proprietary Limited
4 525
4 046
Blue Label One Proprietary Limited
653
594
Cellfind SA Proprietary Limited
4 685
4 209
Cigicell Proprietary Limited
3 987
3 625
Datacel Direct Proprietary Limited
871
792
The Prepaid Company Proprietary Limited
96 000
96 000
Transaction Junction Proprietary Limited
129
117
Management fees paid to related parties
Blue Label Distribution Proprietary Limited
1 020
718
Rent received from related parties
Black Ginger 59 Proprietary Limited
17 828
14 404
Rent paid to related parties
Ellerine Bros. Proprietary Limited
8 180
7 597
Moneyline 311 Proprietary Limited
8 180
7 597
Uvongo Falls 26 Proprietary Limited
1 873
—
Sales to related parties
Melrose Motor Investments Proprietary Limited
645
—
Impairment of related party loans
Africa Prepaid Services Proprietary Limited
103
2 496
Loans to related parties
Gold Label Investments Proprietary Limited*
208 014
160 560
Loan is interest free.
2DFine Holdings Mauritius
106 305
115 678
Loan is repayable on demand and bears interest at 10% per annum.
Uninex Proprietary Limited
976
976
Loan is repayable on demand and is interest free.
Loans from related parties
The Prepaid Company Proprietary Limited
1 443 625
1 135 399
Loan is repayable on demand and is interest free.
Ventury Group Proprietary Limited
48 000
48 000
Loan is repayable on demand and is interest free.
Amounts due from related parties included in trade receivables
Blue Label Distribution Proprietary Limited
—
978
Black Ginger 59 Proprietary Limited
—
4 351
—
5 329
Amounts due to related parties included in trade payables
Blue Label Mexico S.A. de C.V.
393
—
Cellfind SA Proprietary Limited
—
56
393
56
* Carrying value after provision for impairment.
Notes
to the Company annual financial statements
continued
For the year ended 31 May 2017