Related-party disclosures
Related parties and related-party transactions
The group, in the ordinary course of business, entered into various sale and purchase transactions on an arm’s length basis at market rates with related parties.
Related parties with whom the group transacted during the period were:
| Six months 31 December 2018 R000 |
Six months 31 December 2017 R000 |
12 months June 2018 R000 |
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| AttAfrica – co-investor and joint venture | |||||||||
| Loan receivable | 1 630 283 | 2 123 744 | 2 375 009 | ||||||
| Interest received | 120 067 | 111 602 | 221 568 | ||||||
| Manda Hill Mauritius – joint venture | |||||||||
| Investment in joint ventures | 10 102 | ||||||||
| Loan receivable | 423 881 | 522 362 | 543 712 | ||||||
| Interest received | 13 927 | 10 238 | 19 689 | ||||||
| Hystead Limited (UK) – joint venture | |||||||||
| Financial asset | 176 472 | (1) | 152 555 | ||||||
| Asset management and accounting fee income | 12 714 | 7 443 | 17 338 | ||||||
| Dividend declared/received | 111 434 | 76 566 | 180 525 | ||||||
| Dividends receivable included in trade and other receivables | 91 101 | 48 709 | 76 484 | ||||||
| Loan receivable | 40 716 | ||||||||
| Other receivables | 987 | 4 432 | |||||||
| Debt guaranteed by Hyprop (Rand equivalent) | 5 882 798 | 5 331 230 | 5 684 140 | ||||||
| Fair value of financial guarantees reflected on statement of financial position | 348 577 | 193 264 | 185 686 | ||||||
| Investment properties mortgaged to secure guarantees on behalf of Hystead | 12 548 175 | 10 353 189 | 13 633 426 | ||||||
| PDI Investment Holdings Limited – co-investor and directorship | |||||||||
| Credit enhancement fee: income | 20 425 | 22 996 | 46 672 | ||||||
| Credit enhancement fee: receivable included in trade and other receivables | 16 698 | 14 613 | 17 789 | ||||||
| Directors' remuneration | |||||||||
| Independent non-executive directors | 1 762 | 1 463 | 2 961 | ||||||
| Non-executive directors | 370 | 339 | 686 | ||||||
| Total executive directors | 11 620 | 12 035 | 15 760 | ||||||
| Basic salary | 4 172 | 3 163 | 6 516 | ||||||
| Pension fund contributions | 315 | 255 | 606 | ||||||
| Performance bonus (paid in December) | 5 894 | 5 257 | 5 257 | ||||||
| Share incentive scheme (IFRS 2 charge) | 1 042 | 3 184 | 3 184 | ||||||
| Other benefits | 197 | 177 | 197 | ||||||
| Directors' interest in Hyprop shares | 3 762 311 | 4 432 941 | 4 380 796 | ||||||
| Independent non-executive directors | 28 440 | 28 440 | 28 440 | ||||||
| Non-executive directors | 3 206 170 | 3 878 000 | 3 825 855 | ||||||
| Executive directors | 527 701 | 526 501 | 526 501 | ||||||
(1) Values less than R1 000