| |
|
|
Group |
|
|
|
|
Company |
|
|
| |
|
|
2013
Rm |
|
2012
Rm |
|
|
|
|
2013
Rm |
|
2012
Rm |
|
|
| 40. |
RELATED PARTIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Details of material transactions and balances
with related parties not disclosed separately in
the consolidated annual financial statements
were as follows: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
With shareholders –
Government of South Africa
Related party balances: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Trade receivables |
|
446 |
|
371 |
|
|
|
|
446 |
|
371 |
|
|
| |
Trade payables |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Department of Communications |
|
– |
|
(71) |
|
|
|
|
– |
|
(71) |
|
|
| |
Related party transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Revenue |
|
(3,017) |
|
(3,064) |
|
|
|
|
(3,017) |
|
(3,063) |
|
|
| |
Individually significant revenue* |
|
(1,237) |
|
(1,105) |
|
|
|
|
(1,237) |
|
(1,105) |
|
|
| |
City of Cape Town |
|
(66) |
|
(84) |
|
|
|
|
(66) |
|
(84) |
|
|
| |
Department of Correctional Services |
|
(93) |
|
(73) |
|
|
|
|
(93) |
|
(73) |
|
|
| |
Department of Health: Gauteng |
|
(50) |
|
(63) |
|
|
|
|
(50) |
|
(63) |
|
|
| |
Department of Justice |
|
(118) |
|
(104) |
|
|
|
|
(118) |
|
(104) |
|
|
| |
South African National Defence Force |
|
(72) |
|
(59) |
|
|
|
|
(72) |
|
(59) |
|
|
| |
South African Police Services |
|
(601) |
|
(522) |
|
|
|
|
(601) |
|
(522) |
|
|
| |
South African Revenue Services |
|
(42) |
|
(41) |
|
|
|
|
(42) |
|
(41) |
|
|
| |
S.I.T.A. (Pty) Ltd |
|
(195) |
|
(159) |
|
|
|
|
(195) |
|
(159) |
|
|
| |
Collectively significant revenue |
|
(1,780) |
|
(1,959) |
|
|
|
|
(1,780) |
|
(1,958) |
|
|
| |
| * |
The nature of the individually and collectively significant revenue consists mostly of data revenue. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
At 31 March 2013, the government of South Africa held 39.8% (2012: 39.8%) of Telkom’s
shares, and has the ability to exercise significant influence, and the Public Investment
Corporation held 11.7% (2012: 10.5%) of Telkom’s shares. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
With subsidiaries: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Trudon Proprietary Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Related party balances |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Trade receivables |
|
|
|
|
|
|
|
|
6 |
|
5 |
|
|
| |
Trade payables |
|
|
|
|
|
|
|
|
(304) |
|
(468) |
|
|
| |
Related party transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Revenue |
|
|
|
|
|
|
|
|
(76) |
|
(74) |
|
|
| |
Expenses |
|
|
|
|
|
|
|
|
14 |
|
14 |
|
|
| |
Dividend received |
|
|
|
|
|
|
|
|
(325) |
|
(146) |
|
|
| |
Swiftnet Proprietary Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Related party balances |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Trade receivables |
|
|
|
|
|
|
|
|
1 |
|
1 |
|
|
| |
Trade payables |
|
|
|
|
|
|
|
|
(1) |
|
(6) |
|
|
| |
Related party transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Revenue |
|
|
|
|
|
|
|
|
(8) |
|
(15) |
|
|
| |
Expenses |
|
|
|
|
|
|
|
|
29 |
|
24 |
|
|
| |
Interest paid |
|
|
|
|
|
|
|
|
– |
|
1 |
|
|
| |
Rossal No 65 Proprietary Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Related party balances |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Accruals and other payables |
|
|
|
|
|
|
|
|
(285) |
|
(285) |
|
|
| |
Related party transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Dividend paid |
|
|
|
|
|
|
|
|
– |
|
3 |
|
|
| |
Dividend received |
|
|
|
|
|
|
|
|
– |
|
(7) |
|
|
| |
Acajou Investments Proprietary Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Related party balances |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Accruals and other payables |
|
|
|
|
|
|
|
|
(163) |
|
(164) |
|
|
| |
Related party transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Dividend paid |
|
|
|
|
|
|
|
|
– |
|
17 |
|
|
| |
Dividend received |
|
|
|
|
|
|
|
|
– |
|
(17) |
|
|
| |
Intekom Proprietary Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Related party balances |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Accruals and other payables |
|
|
|
|
|
|
|
|
(69) |
|
(58) |
|
|
| |
Related party transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Expenses |
|
|
|
|
|
|
|
|
16 |
|
14 |
|
|
| |
Q-Trunk Proprietary Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Related party balances |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Loan to subsidiary |
|
|
|
|
|
|
|
|
4 |
|
9 |
|
|
| |
Impairment of loan |
|
|
|
|
|
|
|
|
(4) |
|
(9) |
|
|
| |
The loan is unsecured, interest free and has no fixed repayment terms. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
The loan has been subordinated in favour of other creditors. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Related party transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Expenses |
|
|
|
|
|
|
|
|
5 |
|
5 |
|
|
| |
Special purpose entity – Cell Captive |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Related party balances |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Investment – sinking fund (refer to note 16.2) |
|
|
|
|
|
|
|
|
928 |
|
959 |
|
|
| |
Africa Online Limited (Africa Online) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Related party balances |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Loan to subsidiary |
|
|
|
|
|
|
|
|
297 |
|
264 |
|
|
| |
Impairment of loan |
|
|
|
|
|
|
|
|
(262) |
|
(264) |
|
|
| |
Trade receivables |
|
|
|
|
|
|
|
|
32 |
|
26 |
|
|
| |
Impairment of trade and other receivables |
|
|
|
|
|
|
|
|
(32) |
|
– |
|
|
| |
Trade payables |
|
|
|
|
|
|
|
|
(1) |
|
– |
|
|
| |
Related party transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Revenue |
|
|
|
|
|
|
|
|
(2) |
|
(3) |
|
|
| |
Expenses |
|
|
|
|
|
|
|
|
5 |
|
4 |
|
|
| |
Investment income until September 2011 |
|
|
|
|
|
|
|
|
– |
|
(5) |
|
|
| |
The loan is unsecured, interest free and has no fixed repayment terms. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Multi-Links Telecommunications Limited (Multi-Links) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Related party balances |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Impairment of loan, guarantee, trade receivables and trade payables |
|
|
|
|
|
|
|
|
– |
|
(319) |
|
|
| |
Telkom International Proprietary Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Related party transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Loan to subsidiary |
|
|
|
|
|
|
|
|
2,481 |
|
2,481 |
|
|
| |
Impairment of loan |
|
|
|
|
|
|
|
|
(2,481) |
|
(2,481) |
|
|
| |
iWayAfrica Proprietary Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(Formerly MWeb Africa Proprietary Limited) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Related party balances |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Loan to subsidiary |
|
|
|
|
|
|
|
|
98 |
|
98 |
|
|
| |
Impairment of loan |
|
|
|
|
|
|
|
|
(98) |
|
(98) |
|
|
| |
Other receivables |
|
|
|
|
|
|
|
|
49 |
|
39 |
|
|
| |
Impairment of trade and other receivables |
|
|
|
|
|
|
|
|
(49) |
|
(27) |
|
|
| |
The loan is unsecured, interest free and has no fixed repayment terms. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Related party transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Revenue |
|
|
|
|
|
|
|
|
(5) |
|
(7) |
|
|
| |
Expenses |
|
|
|
|
|
|
|
|
3 |
|
– |
|
|
| |
Investments income |
|
|
|
|
|
|
|
|
– |
|
(2) |
|
|
| |
Telkom Foundation |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Related party balances |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Sundry provision |
|
|
|
|
|
|
|
|
(9) |
|
(10) |
|
|
| |
Related party transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Expenses |
|
|
|
|
|
|
|
|
52 |
|
36 |
|
|
| |
Telkom Management Services Proprietary Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Related party balances |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Loan to subsidiary |
|
|
|
|
|
|
|
|
45 |
|
45 |
|
|
| |
Impairment of loan |
|
|
|
|
|
|
|
|
(45) |
|
(45) |
|
|
| |
With entities under common control: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Major public entities |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Related party balances |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Trade receivables |
|
48 |
|
11 |
|
|
|
|
48 |
|
11 |
|
|
| |
Trade payables |
|
– |
|
(1) |
|
|
|
|
– |
|
(1) |
|
|
| |
Related party transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Revenue |
|
(301) |
|
(383) |
|
|
|
|
(301) |
|
(381) |
|
|
| |
Expenses |
|
237 |
|
223 |
|
|
|
|
237 |
|
212 |
|
|
| |
Individually significant expenses |
|
223 |
|
207 |
|
|
|
|
223 |
|
207 |
|
|
| |
South African Post Office |
|
96 |
|
95 |
|
|
|
|
96 |
|
95 |
|
|
| |
Eskom |
|
127 |
|
107 |
|
|
|
|
127 |
|
107 |
|
|
| |
South African Broadcasting Corporation |
|
– |
|
5 |
|
|
|
|
– |
|
5 |
|
|
| |
Collectively significant expenses |
|
14 |
|
16 |
|
|
|
|
14 |
|
5 |
|
|
| |
Rent received |
|
(43) |
|
(26) |
|
|
|
|
(43) |
|
(26) |
|
|
| |
Individually significant rent received: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
South African Post Office |
|
(39) |
|
(22) |
|
|
|
|
(39) |
|
(22) |
|
|
| |
Collectively significant rent received |
|
(4) |
|
(4) |
|
|
|
|
(4) |
|
(4) |
|
|
| |
Rent paid |
|
26 |
|
21 |
|
|
|
|
26 |
|
21 |
|
|
| |
Individually significant rent paid: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
South African Post Office |
|
17 |
|
13 |
|
|
|
|
17 |
|
13 |
|
|
| |
Collectively significant rent paid |
|
9 |
|
8 |
|
|
|
|
9 |
|
8 |
|
|
| |
Key management personnel compensation: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(Including directors’ and prescribed officers’ emoluments) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Related party transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Short-term employee benefits |
|
189 |
|
191 |
|
|
|
|
165 |
|
148 |
|
|
| |
Post-employment benefits |
|
10 |
|
8 |
|
|
|
|
9 |
|
8 |
|
|
| |
Termination benefits |
|
24 |
|
6 |
|
|
|
|
24 |
|
6 |
|
|
| |
Transactions with non-executive directors are
disclosed in note 39. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
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. |
|
|
|
|
|
|
|
|
|
|
|
|
|