During the period the Group entered into the following arm's length related-party transactions:
| |
GROUP
June 2014
R’000 |
|
GROUP
June 2013
R'000 |
|
| Directors |
|
|
|
|
| Medical aid contributions paid by directors – to schemes administered by Medscheme Holdings (Proprietary) Limited |
396 |
|
322 |
|
| Mr MJ Madungandaba has a controlling interest in Namane Financial Services – consulting and marketing fees paid to Namane Financial Services |
2 052 |
|
2 052 |
|
| Mr S Rothbart has a controlling interest in Rothbart Inc. – consulting fees paid by Medscheme Holdings (Proprietary) Limited |
1 800 |
|
1 826 |
|
| Associates |
|
|
|
|
| Medscheme Holdings (Proprietary) Limited – switching fees paid to TradeBridge (Proprietary) Limited |
– |
|
8 844 |
|
| Medscheme Holdings (Proprietary) Limited – interest charged on loan to TradeBridge (Proprietary) Limited *(Prior to sale) |
– |
|
1 009 |
|
| Jasco Electronics Holdings Limited – finance income received |
7 151 |
|
6 048 |
|
| Jasco Electronics Holdings Limited – investment in preference shares |
90 000 |
|
100 000 |
|
| Jasco Electronics Holdings Limited – dividends received |
– |
|
1 201 |
|
| Jasco Security – Medscheme Holdings access control setup costs |
– |
|
1 885 |
|
| Helios IT Solutions (Proprietary) Limited – communication set-up costs paid to Jasco Electronics |
– |
|
188 |
|
| Subsidiaries |
|
|
|
|
| AfroCentric Health Limited – consulting fees paid to Medscheme Holdings (Proprietary) Limited |
– |
|
8 |
|
| AfroCentric Health Limited – profile fees paid to Helios IT Solutions (Proprietary) Limited |
1 |
|
52 |
|
| AfroCentric Health Limited – management fees paid to Medscheme Holdings (Proprietary) Limited |
914 |
|
914 |
|
| AfroCentric Health Limited – Telkom, TMS and printer fees paid to Helios IT Solutions (Proprietary) Limited |
– |
|
– |
|
| AfroCentric Management Services (Proprietary) Limited – profile fees paid to Helios IT Solutions (Proprietary) Limited |
165 |
|
171 |
|
| AfroCentric Management Services (Proprietary) Limited– Telkom ,TMS and printer fees paid to Helios IT Solutions (Proprietary) Limited |
3 |
|
– |
|
| AfroCentric Management Services (Proprietary) Limited – IT support services paid to Helios IT Solutions (Proprietary) Limited |
14 |
|
– |
|
| Aid for Aids Management (Proprietary) Limited – switching fees paid to Helios IT Solutions (Proprietary) Limited |
– |
|
52 |
|
| Aid for Aids Management (Proprietary) Limited – Telkom, TMS and printer fees paid to Helios IT Solutions (Proprietary) Limited |
944 |
|
– |
|
| Aid for Aids Management (Proprietary) Limited – profile fees paid to Helios IT Solutions (Proprietary) Limited |
1 928 |
|
2 488 |
|
| Allegra (Proprietary) Limited – fixed assets transferred from Helios IT Solutions (Proprietary) Limited at book value |
– |
|
2 335 |
|
| Allegra (Proprietary) Limited – switching fees paid to Helios IT Solutions (Proprietary) Limited |
5 114 |
|
– |
|
| Allegra (Proprietary) Limited – TMS and Telkom fees paid to Helios IT Solutions (Proprietary) Limited |
9 |
|
– |
|
| Allegra (Proprietary) Limited – licence and support fee paid to Helios IT Solutions (Proprietary) Limited |
872 |
|
– |
|
| Allegra (Proprietary) Limited – dividend paid to Helios IT Solutions (Proprietary) Limited |
1 534 |
|
– |
|
| Bonitas Marketing Company (Proprietary) Limited – consulting paid to Helios IT Solutions (Proprietary) Limited |
169 |
|
– |
|
| Bonitas Marketing Company (Proprietary) Limited – profile fees paid to Helios IT Solutions (Proprietary) Limited |
– |
|
2 |
|
| Bonitas Marketing Company (Proprietary) Limited – Telkom, TMS and printer fees paid to Helios IT Solutions (Proprietary) Limited |
54 |
|
– |
|
| Bonitas Marketing Company (Proprietary) Limited – broker fees paid to Medscheme Holdings (Proprietary) Limited |
1 625 |
|
1 354 |
|
| Bonitas Marketing Company (Proprietary) Limited – on-site support fees paid to Helios IT Solutions (Proprietary) Limited |
364 |
|
157 |
|
| Bonitas Marketing Company (Proprietary) Limited – subscription fees paid to Marabou Travel Management (Proprietary) Limited |
211 |
|
– |
|
| Helios IT Solutions (Proprietary) Limited – management fees paid to Medscheme Holdings (Proprietary) Limited |
– |
|
– |
|
| Helios IT Solutions (Proprietary) Limited – consulting fees paid to Medscheme Holdings (Proprietary) Limited |
– |
|
308 |
|
| Helios IT Solutions (Proprietary) Limited – management fees paid to AfroCentric Management Services (Proprietary) Limited |
2 400 |
|
2 400 |
|
| Helios IT Solutions (Proprietary) Limited – fixed assets transferred from Medscheme Holdings (Proprietary) Limited at book value |
– |
|
76 266 |
|
| Helios IT Solutions (Proprietary) Limited – switching fees paid to Allegra (Proprietary) Limited |
– |
|
26 408 |
|
| IE Business Insight Strategic Consulting (Proprietary) Limited – management fees paid to Medscheme Holdings (Proprietary) Limited |
– |
|
360 |
|
| IE Business Insight Strategic Consulting (Proprietary) Limited – profile fees paid to Helios IT Solutions (Proprietary) |
– |
|
18 |
|
| IE Business Insight Strategic Consulting (Proprietary) Limited – management fees paid to Marabou Travel Management (Proprietary) Limited |
1 087 |
|
1 186 |
|
| IE Business Insight Strategic Consulting (Proprietary) Limited – fixed assets transferred from Helios IT Solutions (Proprietary) Limited at book value |
– |
|
4 858 |
|
| Marabou Travel (Proprietary) Limited – management fees paid to Marabou Travel Management (Proprietary) Limited |
2 132 |
|
1 140 |
|
| Marabou Travel Management (Proprietary) Limited – management fees paid to Marabou Travel (Proprietary) Limited |
2 132 |
|
2 326 |
|
| Medscheme Administrators Swaziland (Proprietary) Limited – management fees paid to Medscheme Holdings (Proprietary) Limited |
1 320 |
|
1 320 |
|
| Medscheme Administrators Swaziland (Proprietary) Limited – switching fees paid to Helios IT Solutions (Proprietary) Limited |
– |
|
195 |
|
| Medscheme Administrators Swaziland (Proprietary) Limited – IT support services paid to Helios IT Solutions (Proprietary) Limited |
679 |
|
– |
|
| Medscheme Administrators Swaziland (Proprietary) Limited – profile fees paid to Helios IT Solutions (Proprietary) Limited |
346 |
|
338 |
|
| Medscheme Administrators Swaziland (Proprietary) Limited – licence and support fees paid to Helios IT Solutions (Proprietary) Limited |
2 659 |
|
1 925 |
|
| Medscheme Asset management (Proprietary) Limited – profile fees paid to Helios IT Solutions (Proprietary) Limited |
85 |
|
– |
|
| Medscheme Asset management (Proprietary) Limited – Telkom, TMS and printer fees paid to Helios IT Solutions (Proprietary) Limited |
21 |
|
– |
|
| Medscheme Holdings (Proprietary) Limited – management fees paid to AfroCentric Management Services (Proprietary) Limited |
25 280 |
|
23 480 |
|
| Medscheme Holdings (Proprietary) Limited – IT support services paid to Helios IT Solutions (Proprietary) Limited |
536 |
|
– |
|
| Medscheme Holdings (Proprietary) Limited – management fees paid to AfroCentric Health Limited |
2 089 |
|
2 089 |
|
| Medscheme Holdings (Proprietary) Limited – switching fees paid to Allegra (Proprietary) Limited |
23 857 |
|
– |
|
| Medscheme Holdings (Proprietary) Limited – subscription fees paid to Marabou Travel Management (Proprietary) Limited |
162 |
|
157 |
|
| Medscheme Holdings (Proprietary) Limited – switching fees paid to Helios IT Solutions (Proprietary) Limited |
15 617 |
|
11 699 |
|
| Medscheme Holdings (Proprietary) Limited – information technology admin fees paid to Helios IT Solutions (Proprietary) Limited |
184 172 |
|
195 449 |
|
| Medscheme Holdings (Proprietary) Limited – profile fees paid to Helios IT Solutions (Proprietary) Limited |
59 598 |
|
56 257 |
|
| Medscheme Holdings (Proprietary) Limited – dividend paid to AfroCentric Health Limited |
244 698 |
|
– |
|
| Medscheme Namibia (Proprietary) Limited – licence and support fees paid to Helios IT Solutions (Proprietary Limited) |
3 695 |
|
3 877 |
|
| Medscheme Namibia (Proprietary) Limited – management fees paid to Medscheme Holdings (Proprietary) Limited |
324 |
|
324 |
|
| Medscheme Namibia (Proprietary) Limited – profile fees paid to Helios IT Solutions (Proprietary) Limited |
690 |
|
– |
|
| AfroCentric Health Limited – management fees paid to AfroCentric Investment Corporation |
– |
|
100 |
|
| AfroCentric Investment Corporation Limited – loan advanced by AfroCentric Health Limited |
|
|
|
|
| * Balance at year-end |
75 342 |
|
110 016 |
|
| AfroCentric Investment Corporation Limited – interest charged on loan from AfroCentric Health Limited |
9 693 |
|
6 284 |
|
| AfroCentric Investment Corporation Limited – management fees paid to Medscheme Holdings (Proprietary) Limited |
1 500 |
|
1 000 |
|
| AfroCentric Health Limited – dividend paid to AfroCentric Investment Corporation |
126 865 |
|
– |
|