NOTES TO THE ANNUAL FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2007

   
« Note 30 Note 32 »
   
31. RELATED PARTY INFORMATION
  Subsidiaries
Details of income from and investments in subsidiary companies are disclosed in note 20 and in Annexure A respectively.
   
 

Associated companies
Details of investments in and income from associated companies are disclosed in notes 6 and 22 respectively, as well as in Annexures B and C.

   
 

Key management personnel
Only Remgro’s directors are key management personnel. Information on directors’ emoluments and their shareholding in the Company appears in notes 25 and 26 as well as in the Report of the Board of Directors.

       
 

Shareholders
Details of the principal shareholder appear in the Report of the Board of Directors. A detailed analysis of shareholders.
       
 

Other
Certain contractually agreed upon, supporting and other services are rendered to VenFin Limited. Refer to note 19.

       
  Related party transactions     
    2007  2006 
    R million  R million 
  CONSOLIDATED    
  Transactions of Remgro Limited and its subsidiary companies with:     
       
  Controlling shareholder    
     Dividends paid  277  331 
       
  Associates    
     Interest received  35  67 
     Dividends received  2 748  3 348 
     Sales  12  – 
     Administration fees  12  – 
     Purchases  200  107 
     Interest paid  –  1 
     Other expenses  1  2 
       
  Key management personnel    
     Salaries  and other benefits  18  15 
     Retirement benefits  3  3 
     Share-based payments  7  6 
       
  Other    
  Fees received from VenFin Limited 21  – 
       
  Balances due from/(to) related parties    
  Associated companies (13) (49)
       
  THE COMPANY    
  Transactions of Remgro Limited with:    
       
  Subsidiary companies    
  Dividends received 3 358  4 191 
  Administration fees received 4  4 
  Share capital reacquired –  (4 535)
       
  Balances due from/(to) related parties    
  Subsidiary companies 2 366  2 790 
       
  No security is given for any outstanding balances. No provisions for bad debts against outstanding balances with related parties have been made and no bad debt of related parties has been written off during the year.