Integrated Reports Senwesbel Consolidated Financial Statements 2018 - Page 55

23. RELATED PARTY TRANSACTIONS 23.1 SUBSIDIARY The financial statements include the financial results of the subsidiaries listed. The table below reflects the total of transactions per subsidiary. Transactions include interest income, interest expense, sales, purchases and other services rendered. COMPANY 2018 SUBSIDIARY Senwes Ltd* TRANSACTIONS INCLUDE % INTEREST INCOME RECEIVED/ (EXPENSES INCURRED) R’m AMOUNTS OWED (TO)/BY SUBSIDIARIES R’m 52,56% 50 - Interest and dividends received COMPANY 2017 INCOME RECEIVED/ (EXPENSES INCURRED) SUBSIDIARY Senwes Ltd* TRANSACTIONS INCLUDE % INTEREST R’m AMOUNTS OWED (TO)/BY SUBSIDIARIES R’m 52,91% 38 - INCOME RECEIVED/ (EXPENSES INCURRED) R’m AMOUNTS OWED (TO)/BY SUBSIDIARIES R’m Interest and dividends received * Senwesbel Ltd received dividends of R50 million (2017: R38 million) from Senwes Ltd. GROUP 2018 SUBSIDIARY TRANSACTIONS INCLUDE % INTEREST 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 Interest and rent paid. 100,0% (18) 11 Senwes Mauritius Ltd Service level agreement expenses. 100,0% - 10 Thobo Trust SLA and interest received. JD Implemente (Pty) Ltd * Total - 1 3 718 211 * Thobo Trust is consolidated due to the nature of the interest and its objectives as a special purpose vehicle. Senwesbel Limited Reg no: 1996/017629/06 SENWESBEL ANNUAL FINANCIAL STATEMENTS 2018 54