AGRIBEL HOLDINGS LTD FINANCIAL REVIEW 2021
26.3 Trade with directors Balances with directors
These comprise of production credit , mortgages and other accounts for which customers of the company qualify . Credit extension terms and interest rates in respect of loans are aligned with the company ’ s credit policy . These amounts are included in trade and other receivables according to normal credit terms and conditions .
GROUP |
|
2021 R ' m |
2020 R ' m |
Related parties – trade and other accounts receivable |
99 |
93 |
Transactions with directors
Due to the nature of the business , the directors form part of the normal client base of the group .
The transactions with directors comprise of revenue from the sale of mechanisation wholegoods and spares , handling , storage , sales and purchases of grain , interest and financing transactions .
GROUP
|
R ' m |
R ' m |
Income |
315 |
283 |
Purchases |
211 |
102 |
Total transactions with directors |
526 |
385 |
2021 2020
26.4 Directors ’ remuneration ( executive and non-executive )
GROUP COMPANY
|
2021 |
2020 |
2021 |
2020 |
|
R ' m |
R ' m |
R ' m |
R ' m |
Salaries * |
10 |
9 |
- |
- |
Short-term incentive 11 4 - - Long-term incentive 5 6 - -
Equity-settled share-based payment 5 6 - - Executive directors 26 19 - - Non-executive directors 10 8 2 1 Directors ’ remuneration : Agribel and Senwes 36 27 2 1
Directors ’ remuneration : Other subsidiaries ** |
58 |
11 |
- |
- |
Directors ’ remuneration : group |
94 |
38 |
2 |
1 |
* Pension costs are included in salaries . These amounts will be less than R1 million when rounded and are therefore not disclosed in a separate line . ** Relates to directors of subsidiary companies even if employed by the company .
Non-executive directors ’ remuneration ( group ): 2021
Non-executive Status Date
Total directors ' remuneration
Remuneration from
Agribel *
Total directors ' remuneration from Senwes group from Senwes
Travelling and
expenses
Remuneration accommodation
Remuneration from subsidiaries
SF Booysen |
In Office |
Full Year |
962 896 |
- |
962 896 |
960 485 |
2 411 |
- |
VJ Klein |
In Office |
Full Year |
587 325 |
- |
431 637 |
429 084 |
2 553 |
155 688 |
AJ Kruger In Office Full Year 962 306 401 056 561 250 557 476 3 774 - NDP Liebenberg In Office Full Year 981 559 280 685 700 874 698 594 2 280 - JS Marais In Office Full Year 785 772 - 426 134 423 095 3 039 359 638 JDM Minnaar In Office Full Year 1 639 368 184 243 1 303 878 1 296 383 7 495 151 247 JJ Minnaar In Office Full Year 711 104 175 889 535 215 533 594 1 621 - SM Mohapi In Office Full Year 498 322 - 498 322 496 661 1 661 - JPN Stander In Office Full Year 711 551 - 441 629 434 123 7 506 269 922 TF van Rooyen Resigned 27 / 08 / 2020 269 224 76 579 192 645 191 105 1 540 - WH van Zyl In Office Full Year 702 606 177 520 525 086 519 778 5 308 - AG Waller In Office Full Year 365 927 - 365 927 365 927 - - FE Marx Appointed 11 / 10 / 2020 184 281 - 184 281 182 964 1 317 - GL Malherbe Appointed 12 / 10 / 2020 297 191 90 761 206 430 196 875 9 555 - JJ Viljoen Appointed 12 / 10 / 2020 284 959 87 792 197 167 196 875 292 - Total 9 944 391 1 474 525 7 533 371 7 483 019 50 352 936 495 * Remuneration received from Agribel Holdings Ltd includes VAT where a director is registered for VAT . Agribel Holdings Ltd is not a registered VAT vendor .
60 AGRIBEL ANNUAL FINANCIAL REVIEW 2021 Agribel Holdings Limited Reg nr : 1996 / 017629 / 06