Agribel Annual Financial Review | Page 61

AGRIBEL HOLDINGS LTD FINANCIAL REVIEW 2021
GROUP 2020
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 %
4
22
mechanisation whole goods , service level
agreement income and interest received
Senwes Agrowth ( Pty ) Ltd ( Group )
Income from sale of grain , interest received ,
73.5 %
2 749
155
interest paid and service level agreement
income
Senwes Capital ( Pty ) Ltd
Interest and rent paid
100 %
( 24 )
( 69 )
Senwes Graanmakelaars ( Pty ) Ltd
Interest received and service level
100 %
1
5
agreement income
Senwes Mauritius Ltd
Service level agreement income
100 %
-
14
Senwes Equip Holdings ( Pty ) Ltd
Interest received
100 %
5
42
Staalmeester Agricultural Equipment ( Pty ) Ltd
Interest received and interest paid
75 %
2
13
KLK Landbou Ltd
Recoupment of expenses
57.7 %
( 1 )
-
Falcon Agricultural Equipment ( Pty ) Ltd
Interest received , rent received , service level
100 %
1
14
agreement income and logistics services
paid
Grainovation ( Pty ) Ltd
Interest received , rent received , service level
100 %
-
( 5 )
agreement income and logistics services
paid
Thobo Trust
Interest received and grant paid
100 %
( 1 )
3
Total
2 736
194
26.2 Joint ventures
Details of transactions are listed in the table below . Transactions with related parties include :
Bastion Lime ( Pty ) Ltd Certisure group Hinterland Holdings ( Pty ) Ltd
Molemi Sele Management ( Pty ) Ltd Silo Certs ( Pty ) Ltd
Service level agreement income and interest received Interest received /( paid ) and service level agreement income Service level agreement income , rent paid , mechanisation service level agreement expense and interest
paid or received Service level agreement income and interest paid
Costs relating to silo certificates
GROUP
2021
R ' m
% interest
2020
R ' m
2021 2020 R ' m
R ' m Transactions with related parties
2021 2020 R ' m
R ' m Amounts owed ( to )/ by entities
Joint Ventures Bastion Lime ( Pty ) Ltd 50.0 % 50.0 % ( 2 ) - ( 35 ) ( 15 ) Certisure group 50.0 % 50.0 % 4 - ( 43 ) ( 41 ) Hinterland Holdings ( Pty ) Ltd ** 50.0 % 50.0 % 30 88 - 26 Molemi Sele Management ( Pty ) Ltd 35.7 % 35.7 % * - * -
Silocerts ( Pty ) Ltd
50.0 %
50.0 %
( 1 )
-
-
1
Total
31
88
( 78 )
( 29 )
* Amount is less than R0,5 million . ** Hinterland Holdings ( Pty ) Ltd became a fully owned subsidiary during the year , refer to note 6.2 . For the interest rates and loan repayment terms , refer to note 7 .
Agribel Holdings Limited Reg nr : 1996 / 017629 / 06 AGRIBEL ANNUAL FINANCIAL REVIEW 2021
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