| 2019 R’000 |
2018 R’000 |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 20 | RELATED PARTIES | |||||||||
| Transactions with related parties are concluded at arm’s length and under similar terms and conditions to third parties. | ||||||||||
| The following significant related party transactions occurred during the year: | ||||||||||
| Assore Employee | ||||||||||
| Trust | Ordinary dividend received from Assore | 1 292 | 1 228# | |||||||
| AMT | Management fees received from Assore | 173 | 185 | |||||||
| Assmang | Dividend paid to joint-venture investor | 3 315 000 | 3 000 000 | |||||||
| Dwarsrivier | Ordinary dividends paid to Assore | 750 000 | — | |||||||
| Main Street 350 | Ordinary dividend received from Assore | 100 508 | 82 234^ | |||||||
| Preference dividend paid to Assore | 3 738 | 26 475* | ||||||||
| Main Street 460 | Dividend received from Assore | 338 074 | 276 606^ | |||||||
| Main Street 904 | Dividend received from Assore | 362 218 | 296 360^ | |||||||
| Preference dividend paid to Assore | 262 388 | 263 805* | ||||||||
| Oresteel | Ordinary dividend received from Assore | 1 610 180 | 1 317 420# | |||||||
| Key management personnel | Directors' fees, net of taxes payable | 3 025 | 2 724 | |||||||
| The following amounts were payable to/receivable from related parties | ||||||||||
| AMT | Balance receivable from Assore | 30 612 | 3 062# | |||||||
| Main Street 904 | Balance receivable from Assore | 639 | — | |||||||
| Balance payable to Assore (redeemable preference shares, including accrued interest) | 3 358 415 | 3 492 288# | ||||||||
| Main Street 350 | Loan balance payable to Assore | 326 047 | 594 332# | |||||||
| Balance payable to Assore (redeemable preference shares, including accrued interest) | — | 172 689# | ||||||||
| * | These amounts have been disaggregated in order to disclose preference dividends received from entities deemed to be subsidiary companies individually. | |
| ^ | Disclosed as part of related parties information to the consolidated financial statements in the prior year (refer note 34). | |
| # | Related party transactions or balances have been disclosed as additional information in the current financial year, for which comparative balances are included accordingly. |