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| 21 Related parties |
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2017
Rm |
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2016
Rm |
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| Details of material transactions and balances with related parties were as follows: |
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| With shareholders: |
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| Government of South Africa* |
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|
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| Related party balances |
|
|
|
|
|
|
| Finance lease receivable |
|
180 |
|
|
272 |
|
| Trade receivables |
|
692 |
|
|
562 |
|
| Provision for doubtful debt |
|
(147) |
|
|
(67) |
|
| Related party transactions |
|
|
|
|
|
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| Revenue |
|
(3 927) |
|
|
(3 699) |
|
| Individually significant revenue** |
|
(1 376) |
|
|
(1 282) |
|
| Department of Correctional Services |
|
(85) |
|
|
(78) |
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| Department of Justice |
|
(107) |
|
|
(104) |
|
| South African National Defence Force |
|
(70) |
|
|
(66) |
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| South African Police Services |
|
(586) |
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|
(577) |
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| S.I.T.A. Proprietary Limited |
|
(214) |
|
|
(201) |
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| Ekurhuleni Metropolitan Council |
|
(77) |
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|
(57) |
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| Department of Internal Affairs |
|
(52) |
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|
(53) |
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| Eastern Cape Department of Health*** |
|
(52) |
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|
(49) |
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| Department of Agriculture |
|
(54) |
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|
(33) |
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| Province of KZN Health Service*** |
|
(79) |
|
|
(64) |
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| Collectively significant revenue** |
|
(2 551) |
|
|
(2 418) |
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| |
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| * |
Comparatives are restated. |
| ** |
The nature of the individually and collectively significant revenue consists mostly of data revenue. |
| *** |
Individually significant from the current year. |
At 31 March 2017, the Government of South Africa held 39.3% (2016: 39.3%) of Telkom’s shares, and has the ability to exercise significant
influence, and the Public Investment Corporation held 11.9% (2016: 11.4%) of Telkom’s shares.
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| |
|
2017
Rm |
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|
2016
Rm |
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| With entities under common control: |
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| Major public entities |
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| Related party balances |
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|
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| Trade receivables |
|
40 |
|
|
130 |
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| Trade payables |
|
(21) |
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|
(5) |
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| Related party transactions |
|
|
|
|
|
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| Revenue |
|
(291) |
|
|
(394) |
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| Expenses |
|
236 |
|
|
226 |
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| Individually significant expenses |
|
236 |
|
|
207 |
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| South African Post Office |
|
63 |
|
|
52 |
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| Eskom |
|
173 |
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|
155 |
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| Collectively significant expenses |
|
– |
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|
19 |
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| Rent received |
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(35) |
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|
(28) |
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| Individually significant rent received: |
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|
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| South African Post Office |
|
(26) |
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|
(25) |
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| Collectively significant rent received |
|
(9) |
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|
(3) |
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| Rent paid |
|
25 |
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|
10 |
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| Individually significant rent paid: South African Post Office |
|
20 |
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|
5 |
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| Collectively significant rent paid |
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5 |
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|
5 |
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| Key management personnel compensation: |
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| (Including directors and prescribed officers’ emoluments) |
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| Related party transactions |
|
|
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| Short-term employee benefits |
|
262 |
|
|
308 |
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| Post-employment benefits |
|
13 |
|
|
17 |
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| Termination benefits |
|
19 |
|
|
14 |
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| Equity compensation benefits |
|
17 |
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|
14 |
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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.