XML 266 R86.htm IDEA: XBRL DOCUMENT v3.21.2

Related party transactions (Tables)

12 Months Ended

Jun. 30, 2021

Related party transactions

Schedule of material related party transactions

​

​	​	​	​	​	​	​
​		2021		2020		2019
for the year ended 30 June	​	Rm	​	Rm	​	Rm
Sales and services rendered from subsidiaries to related parties	​	​	​	​	​	​
Joint ventures		2 635		672		1 474
Purchases by subsidiaries from related parties
Joint ventures		8		691		718
Associates		100		78		95
​		108		769		813

Schedule of key management remuneration

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Retirement

Other

Annual

​

Total

Total

Total

​

​

Salary

​

funding

​

benefits

​

incentives²

​

2021

​

20201

​

20191

​

​

R’000

​

R’000

​

R’000

​

R’000

​

R’000

​

R’000

​

R’000

Executive Directors

24 221

1 078

2 984

37 210

​

65 493

22 944

46 948

1 Total remuneration for the financial year excludes gains derived from the long-term incentive schemes which are separately disclosed.

2 Short-term incentives approved based on the Group results for the 2021 financial year and payable in the 2022 financial year. Incentives are calculated as a percentage of total guaranteed package/base salary as at 30 June 2021 multiplied by the Group STI performance and the Individual Performance Factor.

Gains on Long-term incentives previously awarded to the Executive Directors’ and former Executive Directors’ vested after the performance period ended 30 June 2021, are as follows:

​	​	​	​	​	​	​	​	​
​		​		​		​		​
​	​	​	​	​	​	​	​	​
​	​	Long	​	​	​	​	​	​
​	​	incentive	​	Total	​	Total	​	Total
​	​	vested1	​	2021	​	2020	​	2019
​	​	R’000	​	R’000	​	R’000	​	R’000
Executive Directors		4 824		4 824		2 657		25 025

1 Long-term incentives for the 2021 financial year represent incentives approved on the group results for the performance period ended 30 June 2021, settled in the 2022 financial year.

Remuneration and benefits paid and short-term incentives approved for the Prescribed Officers were as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Retirement

Other

​

Annual

Total

Total

Total

​

​

Salary

​

funding

​

benefits

​

incentives2

​

20211

​

20201

​

20191

​

​

R’000

​

R’000

​

R’000

​

R’000

​

R’000

​

R’000

​

R’000

Prescribed Officers

35 540

​

5 086

10 737

​

41 454

92 817

52 142

67 488

Number of Prescribed Officers

​

​

7

6

8

1 Total remuneration for the financial year excludes gains derived from the long-term incentive schemes which are separately disclosed.

2 Short-term incentives approved based on the Group results for the 2021 financial year and payable in the 2022 financial year. Incentives are calculated as a percentage of total guaranteed package/base salary as at 30 June 2021 multiplied by the Group STI performance and the Individual Performance Factor.

Gains on Long-term incentives previously awarded to the Prescribed Officers vested after the performance period ended 30 June 2021, are as follows:

​

​	​	​	​	​	​	​	​	​
​		​		​		​		​
​	​	Long-term	​	​	​	​	​	​
​	​	incentive	​	​	​	​	​	​
​	​	rights	​	Total	​	Total	​	Total
​	​	vested1	​	2021	​	2020	​	2019
​	​	R’000	​	R’000	​	R’000	​	R’000
Prescribed Officers		6 735		6 735		4 201		68 559

1 Long-term incentives for the 2021 financial year represent incentives approved on the group results for the performance period ended 30 June 2021, settled in the 2022 financial year.

Gains on Long-term incentives previously awarded to the former Joint CEOs and Presidents and vested after the performance period ended 30 June 2021, are as follows:

​

38 Related party transactions continued

​

​

​

​	​	​	​	​	​	​
​		​		​		​
​	​	Long-term	​	​	​	​
​	​	incentive	​	​	​	​
​	​	rights	​	Total	​	Total
​	​	vested1	​	2021	​	2020
​	​	R’000	​	R’000	​	R’000
Former Joint CEOs and Presidents		6 182		6 182		3 765

1 Long-term incentives for the 2021 financial year represent incentives approved on the group results for the performance period ended 30 June 2021, settled in the 2022 financial year.

The total IFRS2 charge for LTI’s awarded to the Executive Directors and the Prescribed Officers in 2021 amounted to R26 million and R36 million.

Non-executive Directors’ emoluments for the year was as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Ad Hoc

​

​

​

​

​

​

​

​

​

​

​

Special

​

​

​

​

​

​

​

​

Board

​

Lead

​

​

​

Board —

​

​

​

​

​

​

​

​

meeting

​

Director

​

Committee

​

Committee

​

Total

​

Total

​

Total

​

​

fees

​

fees

​

fees

​

Meeting

​

2021

​

2020

​

2019

​

​

R’000

​

R’000

​

R’000

​

R’000

​

R’000

​

R’000

​

R’000

Non-executive Directors

​

24 996

707

6 878

​

959

33 540

39 743

32 455

X

- Definition

The disclosure of information about key management personnel. [Refer: Key management personnel of entity or parent [member]]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2020-01-01
-Paragraph 10
-Subparagraph e
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_10_e&doctype=Standard
-URIDate 2020-01-01

+ Details

Name:	ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesAbstract
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of transactions between the entity and its related parties. [Refer: Related parties [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 24
-IssueDate 2020-01-01
-Paragraph 18
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=24&code=ifrs-tx-2020-en-r&anchor=para_18&doctype=Standard
-URIDate 2020-01-01

+ Details

Name:	ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration