Page 257 - Capricorn IAR 2020

for the year ended 30 June 2020
40. RELATED PARTIES (continued)
The volumes of related party transactions and outstanding
balances at year-end are as follows:
40.1 Trade and other receivables from related parties
Group
2020 N$’000
24,587 18,967
–
–
– –
52,360 85,228 1,243
1,892,726 429,479
Company
2020 INTEGRATED ANNUAL REPORT
NOTES TO THE CONSOLIDATED AND SEPARATE ANNUAL FINANCIAL STATEMENTS (continued)
–
– 11,590
250,551 109,523 1,207
120,399 48,675 33
1,032 – 20,017
2020 N$’000
44,184
10,267
47,374
32,730
75
17,025 37,327
– 1,418
–
387,857
800
47,156
22,505
–
–
–
294,848
10,894
–
–
–
–
1,381,501 431,227
1,009,961
429,479
– –
–
–
–
Major shareholders
Subsidiaries –
Other indirect related parties
Refer to note 18 for terms and conditions related to
receivables from related parties.
40.2 Loans and advances to related parties
Other indirect related parties Key management personnel
40.3 Cash and cash equivalents held by related parties
Subsidiaries
40.4 Preference shares issued by related parties
Subsidiaries
40.5 Trade and other payables to related parties
Subsidiaries
Other indirect related parties
40.6 Deposits from related parties
Major shareholders
Other indirect related parties Key management personnel
All deposits are issued in accordance with the Group’s
normal terms and conditions.
40.7 Debt securities issued to related parties
Major shareholders
Other indirect related parties
Refer to note 26 for the terms and conditions related to debt
securities in issue.
40.8 Expenses paid to related parties
663,895 272,782
18,521 –
– – –
506,374 431,227
1,576 –
37,406 39,146 –
1,019 45,367 19,698
– 10,267
2019 N$’000
2019 N$’000
– 49,381 11,558
17,096 –
Subsidiaries –
Other indirect related parties
40.9 Interest and similar expenses paid to related parties
Major shareholders
Other indirect related parties Key management personnel
40.10 Income received from related-party transactions
–
60,489 37,798 27
800
Major shareholders
Subsidiaries – Other indirect related parties 22,834
Income received from related-party transactions mainly relates to insurance-related income and inter-Group charges.
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