254 / 280
NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2014
252
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
2014
R’000
2013
R’000
21.
RELATED PARTY TRANSACTIONS (continued)
Rent paid to related parties
Ellerine Bros. Proprietary Limited
6 222
5 631
Moneyline 311 Proprietary Limited
6 222
5 631
Impairment of related party investments
Africa Prepaid Services Nigeria Limited
—
14 000
Impairment of related party loans
Africa Prepaid Services Proprietary Limited
17 740
35 849
Africa Prepaid Services Nigeria Limited
12 397
5 113
Loans to related parties
Blue Label Mexico S.A. de C.V.
1 054
—
Loan has no fixed terms of repayment and bears interest at 4.25%
per annum.
Gold Label Investments Proprietary Limited
30 589
37 446
Loan has no fixed terms of repayment and is interest-free.
2DFine Holdings Mauritius
63 035
—
Loan bears interest at 10% per annum.
Uninex Proprietary Limited
976
976
Loan has no fixed terms of repayment and is interest-free.
Loans from related parties
Blue Label Investments Proprietary Limited
3 638
3 638
Loan has no fixed terms of repayment and is interest-free.
Datacel Direct Proprietary Limited
—
8 493
Loan has no fixed terms of repayment and is interest-free.
The Prepaid Company Proprietary Limited
423 311
90 727
Loan has no fixed terms of repayment and is interest-free.
Ventury Group Proprietary Limited
48 000
48 000
Loan has no fixed terms of repayment and is interest-free.
Amounts due from related parties included in trade receivables
Black Ginger 59 Proprietary Limited
—
4 683
Blue Label Distribution Proprietary Limited
—
8
Blue Label Mexico S.A. de C.V.
—
1 759
Smart Voucher Limited trading as Ukash
—
(25)
—
6 425