The Group entered related party transactions with its holding company and related subsidiaries during the financial period. Below is a summary of the relevant balances and transactions in this regard:

 

Reviewed

30 June 2016

R’000

Unaudited

30 June 2015

R’000

Audited

31 December 2015

R’000

Related party balances
Loan accounts – Owing (to) / by related parties
Ecsponent Capital (RF) Limited

247 082

39 407

134 917

Ecsponent Capital (RF) Limited

(1 082)

Ecsponent Investment Holdings (Pty) Ltd

114 282

21 987

81 940

Ecsponent Investment Holdings (Pty) Ltd

(118 957)

Ecsponent Business Finance (Pty) Ltd

7 726

Ecsponent Projects (Pty) Ltd

(684)

(5 225)

(4 873)

Amounts included in Trade receivable / (Trade Payable) regarding related parties
Ecsponent Capital (RF) Limited

4 015

Ecsponent Capital (RF) Limited (113)
Ecsponent Investment Holdings (Pty) Ltd 1 373 579
Ecsponent Investment Holdings (Pty) Ltd (218)
Ecsponent Business Finance (Pty) Ltd 41
Ecsponent Business Finance (Pty) Ltd (549)

 

Related party transactions
Interest (received from) / paid to related parties
Ecsponent Capital (RF) Limited (26 304) (3 008) (14 110)
Ecsponent Investment Holdings (Pty) Ltd (20 400) (3 139) (18 644)

 

Administration fees paid to (received from) related parties
Ecsponent Capital (RF) Limited (630) (995) (5 962)
Ecsponent Investment Holdings (Pty) Ltd (780) (402) (3 240)
Return on Innovation (Pty) Ltd (216)
Commission paid to (received from) related parties
Ecsponent Business Finance (Pty) Ltd (1 114) (1 500)
Ecsponent Investment Holdings (Pty) Ltd (500)
Recoveries paid to (received from) related parties
Ecsponent Capital (RF) Limited (2 844)
Ecsponent Business Finance (Pty) Ltd (40)
Ecsponent Investment Holdings (Pty) Ltd (37)
Return on Innovation (Pty) Ltd 117