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05
Group financial statements
Notes to the condensed consolidated
annual financial statements
– continued
for the year ended 31 March 2017
21 Related parties
2017
Rm
2016
Rm
Details of material transactions and balances with related parties were as follows:
With shareholders:
Government of South Africa*
Related party balances
Finance lease receivable
180
272
Trade receivables
692
562
Provision for doubtful debt
(147)
(67)
Related party transactions
Revenue
(3 927)
(3 699)
Individually significant revenue**
(1 376)
(1 282)
Department of Correctional Services
(85)
(78)
Department of Justice
(107)
(104)
South African National Defence Force
(70)
(66)
South African Police Services
(586)
(577)
S.I.T.A. Proprietary Limited
(214)
(201)
Ekurhuleni Metropolitan Council
(77)
(57)
Department of Internal Affairs
(52)
(53)
Eastern Cape Department of Health***
(52)
(49)
Department of Agriculture
(54)
(33)
Province of KZN Health Service***
(79)
(64)
Collectively significant revenue**
(2 551)
(2 418)
At 31 March 2017, the Government of South Africa held 39.3% (2016: 39.3%) ofTelkom’s shares, and has the ability to exercise significant
influence, and the Public Investment Corporation held 11.9% (2016: 11.4%) ofTelkom’s shares.
* Comparatives are restated.
** The nature of the individually and collectively significant revenue consists mostly of data revenue.
*** Individually significant from the current year.