Agribel Annual Financial Review | Page 60

AGRIBEL HOLDINGS LTD FINANCIAL REVIEW 2021
GROUP
2021
Transactions include
% interest
Income received / ( expenses incurred )
R ' m
Amounts owed ( to )/ by subsidiaries
R ' m
JD Implemente ( Pty ) Ltd
Revenue from and purchase of
50 %
2
( 18 )
mechanisation whole goods , service level
agreement income and interest received
Senwes Agrowth ( Pty ) Ltd ( Group )
Income from sale of grain , interest received ,
73.5 %
( 220 )
-
interest paid and service level agreement
income
Senwes Capital ( Pty ) Ltd
Interest and rent paid
100 %
( 24 )
( 92 )
Senwes Graanmakelaars ( Pty ) Ltd
Interest received and service level
100 %
1
-
agreement income
Senwes Mauritius Ltd
Service level agreement income
100 %
-
-
Senwes Equipment ( Pty ) Ltd / Agrifriend Equipment ( Pt
Revenue from and purchase of
100 %
52
124
mechanisation whole goods , service level
agreement income and interest received
Staalmeester Agricultural Equipment ( Pty ) Ltd
Interest received and interest paid
75 %
1
( 2 )
KLK Landbou Ltd
Recoupment of expenses
58 %
-
-
Falcon Agricultural Equipment ( Pty ) Ltd
Interest received and service level
100 %
3
9
agreement income
Grainovation ( Pty ) Ltd
Interest received , rent received , service level
100 %
( 41 )
( 64 )
agreement income and logistics services
paid
Suidwes Investments ( Pty ) Ltd
Interest received
100 %
18
509
Africum Ltd
Interest received
100 %
6
201
Africum Commodities ( Pty ) Ltd
Income from sale of grain
100 %
( 156 )
( 2 )
Agrinet ( Pty ) Ltd
Interest received
83.8 %
-
11
Hinterland Holdings ( Pty ) Ltd
Interest received , rent paid , service level
100 %
40
78
agreement income and sale of general
merchandise
Hinterland SA ( Pty ) Ltd
Revenue from sale of general merchandise
100 %
-
-
Agri Credit Solutions ( Pty ) Ltd
Interest received , service level agreement
100 %
77
4 423
income and rent income
NviroTek Laboratories ( Pty ) Ltd
Loan receivable
82 %
-
3
Senwes Equip Holdings ( Pty ) Ltd
Loan receivable , interest paid and operating
100 %
3
45
Africum Agripet ( Pty ) Ltd
Loan receivable
100 %
-
10
Thobo Trust
Interest received and grant paid
100 %
-
17
Senwes Share Incentive Scheme Trust
Loan receivable
100 %
-
( 1 )
Total
( 238 )
5 251
58 AGRIBEL ANNUAL FINANCIAL REVIEW 2021 Agribel Holdings Limited Reg nr : 1996 / 017629 / 06