198 / 280
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2014
196
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
28.
RELATED PARTY TRANSACTIONS
For details of subsidiaries, associates and joint ventures, refer to note 33. For details of the Company’s
directors, refer to the directors’ report. ZOK Cellular Proprietary Limited, BSC Technologies Proprietary
Limited, Black Ginger 59 Proprietary Limited, Dataforce Trading 240 Proprietary Limited, Moneyline 311
Proprietary Limited, PLL Investments Proprietary Limited, aloeCap Proprietary Limited, Stylco Proprietary
Limited, Wildekrans Wine Estate Proprietary Limited, Wireless Business Solutions Proprietary Limited, iBurst
Proprietary Limited, Parkrun Southern Africa Proprietary Limited, Bordelo Properties Proprietary Limited, Blu’s
Brothers Proprietary Limited, Stax Technologies Proprietary Limited, and Ellerine Bros. Proprietary Limited are
related parties due to directors’ shareholdings and the companies having certain common directorships.
For details of the shareholdings in the Company, refer to the directors’ report.
For details on directors’ emoluments, refer to note 29.
The following transactions were carried out with related parties and all relate to continued operations:
2014
R’000
2013
R’000
Sales to related parties
BSC Technologies Proprietary Limited
443
613
Bela Phone Company Proprietary Limited
—
59
Blue Label Mexico S.A. de C.V.
5 053
5 255
Datacision Proprietary Limited
112
—
iBurst Proprietary Limited
732
815
Smart Voucher Limited trading as Ukash
24
32
Stax Technologies Proprietary Limited
49
—
Stylco Proprietary Limited
2 907
11 094
ZOK Cellular Proprietary Limited
3 448
4 090
Sales to related parties are negotiated on a cost-plus basis with terms that would be
available to third parties.