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AFRICAN DAWN ANNUAL REPORT 14

Notes to the Financial Statements Group Company 2014 2013 2014 2013 R '000 R '000 R '000 R '000 32. Related parties Relationships Subsidiaries For a list of subsidiaries please refer to note 5 Significant Shareholder Sandown Capital Proprietary Limited Managed companies Elite Group Two Proprietary Limited Prescribed officer PJ Bezuidenhout WJ Groenewald Related party balances Loan accounts - Owing (to) / by related parties Elite Group Proprietary Limited owes Sandown Capital Proprietary Limited (12,486) (10,574) - - Elite Group Proprietary Limited owes Elite Group Two Proprietary Limited (193) (4) - - Related party transactions Rent paid to (received from) related parties African Dawn Capital Limited (1,541) (1,304) - - Elite Group Proprietary Limited 1,296 978 - - African Dawn Debt Management Proprietary Limited 245 326 - - Administration fees paid to (received from) related parties African Dawn Wheels Proprietary Limited (330) (360) - - African Dawn Capital Limited 330 360 - - Commissions (received from) paid to related parties Elite Group Proprietary Limited (192) (554) - - African Dawn Wheels Proprietary Limited 27 85 - - Nexus Personnel Finance Proprietary Limited 165 469 - - Key Management PJ Bezuidenhout 1,171 1,608 - - AFRICAN DAWN 6 7 ANNUAL REPORT 2014


AFRICAN DAWN ANNUAL REPORT 14
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