Integrated Reports Senwes Financial Review 2018 - Page 50

50 FINANCIAL REVIEW 23. RELATED-PARTY TRANSACTIONS GROUP 2018 R’m 2017 R’m Earnings per statement of comprehensive income 310 166 Diluted earnings 310 166 Weighted average number of shares Weighted average equity-settled share-based scheme Diluted shares 23.1 Subsidiaries The financial statements include the financial results of the subsidiaries listed below. The table below reflects the total of transactions per subsidiary. Transactions include interest income, interest expense, sales, pur- chases and other services rendered. COMPANY 167 269 483 168 884 562 13 519 825 2018 11 904 746 Income received/ Amounts (expenses owed (to)/by % incurred) subsidiaries interest R’m R’m 180 789 308 180 789 308 Diluted earnings per share (cents) 171,5 91,8 Diluted normalised headline earnings per share (cents) 180,9 101,2 22.2 Dividends paid and proposed GROUP Transactions include JD Implemente (Pty) Ltd Revenue from sale of mechanisation whole goods and interest received 50,0% (2) 29 Senwes Agrowth (Pty) Ltd (group) Revenue from sale of grain, interest received, interest paid and service level agreement income 73,5% 3 738 160 Senwes Capital (Pty) Ltd Senwes Mauritius Ltd Interest and rent paid Service level agreement expenses 100,0% 100,0% (18) - 11 10 Thobo Trust Interest received 2018 R’m 2017 R’m Final dividend 2017: 25 cents (2016: 20 cents) 45 36 Total Interim dividend 2018: 27 cents (2017: 20 cents) 49 36 * Thobo Trust is consolidated due to the nature of the interest and its objective as a special purpose vehicle. 94 72 Declared and paid during the year: Dividends on ordinary shares: Total dividends paid (company) Elimination of dividends paid to Senwes Capital and Senwes Share Incentive Trust JD Implemente paid dividends to Tomlinson Trust Total dividends paid (group) (4) (2) - 1 90 71 Dividends paid by the group exclude the dividend paid to Senwes Capital and Share Incentive Trust of R4 million (2017: R2 million). Proposed for approval at the annual general meeting (not recognised as a liability as at 30 April). Dividends on ordinary shares: Final dividend 2018: 27 cents (2017: 25 cents) 49 45 * - 3 718 1 211 COMPANY 2017 Transactions include Income received/ Amounts (expenses owed (to)/by % incurred) subsidiaries interest R’m R’m JD Implemente (Pty) Ltd Revenue from sale of mechanisation whole goods and interest received 50,0% (15) 30 Senwes Agrowth (Pty) Ltd (group) Revenue from sale of grain, interest received, interest paid and service level agreement income 73,5% 4 413 368 Senwes Capital (Pty) Ltd Interest and rent paid 100,0% (20) (24) Senwes Mauritius Ltd Service level agreement expenses 100,0% - 12 Thobo Trust Interest received * - 1 4 378 387 Total * Thobo Trust is consolidated due to the nature of the interest and its purpose as a special purpose vehicle. For the interest rates and loan repayment terms, refer to note 4. FINANCIAL REVIEW