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AFRICAN DAWN 2015 Annual Report

Notes to the Financial Statements continued 40. Related parties (continued) Related party balances Loan accounts - Owing (to) by related parties Elite owes Sandown Capital Proprietary Limited Group Company 2015 R’000 2014 R’000 2015 R’000 2014 R’000 (12,933) (12,486) - - Elite owes Elite Two included in group loans in 2015 - (2,067) - - AFRICAN DAWN 105 ANNUAL REPORT 2015 Related party transactions Value of shares issued to directors on acquisition of Knife Capital @ 9c per share EA Van Heerden (A) 3,000 - 3,000 - JK Van Zyl 3,000 - 3,000 - A Böhmert (A) 3,000 - 3,000 - Cash paid to directors on acquisition of Knife Capital EA Van Heerden (A) 81 - 81 - JK Van Zyl 81 - 81 - A Böhmert (A) 81 - 81 - Outstanding loans to directors on acquisition of Knife Capital EA Van Heerden (A) 406 - 406 - JK Van Zyl 406 - 406 - A Böhmert (A) 406 - 406 - Rent (received from) paid to related parties Afdawn (303) (1,541) (303) (1,541) African Dawn Debt Management Proprietary - 245 - 245 Limited Elite 149 1,296 149 1,296 Grindstone 54 - 54 - Knife Capital 100 - 100 - Administration fees (received from) paid to related parties African Dawn Wheels Proprietary Limited - (330) - (330) Afdawn - 330 - 330 Commission (received from) paid to related parties African Dawn Wheels Proprietary Limited 21 27 - -


AFRICAN DAWN 2015 Annual Report
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