| |
2017
R’000 |
|
| Related party transactions exist between the Company, subsidiaries, joint ventures, associate and key
management. All purchasing and selling transactions with related parties are concluded at arm's
length and are eliminated for Group purposes, where applicable. |
|
|
|
|
| The following entities are considered to be related parties in the current and prior year due to their
individual shareholding exceeding 20% and they have representation on the Adcock Ingram Holdings
Limited Board of Directors, and therefore are considered to have significant influence. Significant
influence is the power to participate in the financial and operating policy decisions of the Group. |
|
|
|
|
| The Bidvest Group Limited |
|
|
|
|
| Purchase of services |
56 747 |
|
42 481 |
|
| Balance owing at reporting date |
13 093 |
|
4 891 |
|
| Payments to directors and key management are disclosed in notes 6.3 and 6.4. |
|
|
|
|