SACAA Annual Report 2022_23

S

Annual Financial Statements for the year ended 31 March 2023

R

A

Y

E

Notes to the Annual Financial Statements

2023

2022

25. Related parties Related party balances Loan accounts owing (to)/by related parties South African Airways

(79 058)

(17 479)

Air Traffic and Navigation Services Airports Company South Africa

2 449 674 (249 436)

7 507 649 (205 428)

South African Express (safety charge and general aviation)

-

(5 180)

Mango airlines

(680)

6 000

2 120 500 7 285 562 Except for the impairments indicated above, no expense has been recognised in the current period for the impairment of trade receivables in respect of amounts owed by related parties. The amounts outstanding are unsecured and will be settled in cash. No guarantees have been given or received. The Department of Transport either control or exercises significant influence over all entities listed as related parties. Related party transactions Purchases from/(invoices to) related parties Department of Transport (accidents and incidents) (39 090 000) (37 688 000) Department of Transport (secondment allowance) - 132 126 Department of Transport (baseline adjustment) (187 900 000) (277 600 000) Air Traffic and Navigation Services (13 417 953) (15 669 258) Airports Company South Africa (licences) (2 417 940) (2 428 972) Airports Company South Africa (rentals) 2 168 270 2 242 044 South African Airways (22 256 421) (3 942 834) South African Express (safety fees and general aviation) - (1 040) Mango Airlines - (8 363 563) (262 914 044) (343 319 497)

Annual Financial Statements I Annual Report 2022/23 I 213