Table of Contents Table of Contents
Previous Page  37 / 56 Next Page
Information
Show Menu
Previous Page 37 / 56 Next Page
Page Background

2015

RCS GROUP CONSOLIDATED FINANCIAL STATEMENTS

35

31 December 2015

31 March 2015

R’000

R’000

12.

Related Parties (continued)

Funding owing from group company

Other receivables as disclosed in note 6 includes funding owing from the following group companies:

Redwood Third Party Processing Proprietary Limited

10

10

The loan was denominated in Rands, bore interest at prime plus 1% and maturity was after three months to one year.

Related party transactions

Transactions with BNP Paribas Société Anonyme

Commitment fees

(6 781)

(5 893)

Transactions with Redwood Third Party Processing Proprietary Limited

Interest income

201

Interest of directors in contracts

No directors directly or indirectly hold any shares in RCS Investment Holdings Limited. No directors have any interest in contracts

that are in contravention of section 75 of the Companies Act of South Africa.

Loans to directors

No loans have been made to directors.

Directors’ and key management compensation

Director emoluments

Executive fees

24 185

23 750

Key management compensation

Key management personnel are those having authority and responsibility for planning, directing and controlling activities,

directly or indirectly, including any director of the RCS Group. Directors and executives of the RCS Group have been classified

as key management personnel. No key management personnel had a material interest in any contract of significance with any

group company during the period under review.

9 Months ended

12 Months ended

31 December 2015

31 March 2015

R’000

R’000

Remuneration paid to key management personnel are as follows:

Short-term benefits

40 112

42 035

Post-retirement benefits

1 623

2 001

Total remuneration

41 735

44 036

NotestotheConsolidatedFinancialStatements

(continued)

for the period ended 31 December 2015

9 Months ended

12 Months ended

31 December 2015

31 March 2015

R’000

R’000