AFRICAN DAWN ANNUAL REPORT 2017 Notes to the Financial Statements Annual Financial Statements For the year ended 28 February 2017 continued Related party balances Group Group Company Company 74 2017 2016 2017 2016 R’000 R’000 R’000 R’000 Loan accounts - Owing (to) by related parties Elite owes Sandown Capital Proprietary Limited (7,231) (10,213) - - Outstanding loans to directors EA Van Heerden (A) 20 162 20 162 JK Van Zyl (A) 20 162 20 162 A Bohmert (A) 20 163 20 163 WJ Groenewald 183 - 183 - G Hope 1,280 - 1,280 - Related party transactions Cash paid to directors on acquisition of Knife Capital EA Van Heerden (A) 142 243 142 243 JK Van Zyl (A) 142 243 142 243 A Bohmert (A) 143 243 143 243 Administration fees (received from) paid to related parties Candlestick Park Investments Proprietary Limited 400 - 400 - African Dawn Capital Limited (100) - (100) - Integrated Thinking Laboratory (Pty) Ltd (300) - (300) - Commission (received from) paid to related parties African Dawn Wheels Proprietary Limited 3 14 - - Elite Group Proprietary Limited (3) (156) - - Nexus Personnel Finance Proprietary Limited - 142 - - Interest (received)/paid from related parties African Dawn Capital Limited (116) (227) (116) (31) Elite Group Proprietary Limited 133 227 116 31 DD Breedt (17) - - - G Hope - director (143) - (143) - WJ Groenewald 32 - 32 - African Dawn Capital Limited 111 - 111 - Compensation to key management including directors Compensation 3,753 7,253 (A) – The directors resigned from African Dawn Capital Limited during the year but remain as directors of subsidiaries
AFRICAN DAWN 2017
To see the actual publication please follow the link above