CLOVER INDUSTRIES LIMITED CLOVER INDUSTRIES BEPERK
CLOVER INDUSTRIES LIMITED CLOVER INDUSTRIES BEPERK
CLOVER INDUSTRIES LIMITED CLOVER INDUSTRIES BEPERK
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NOTES TO THE INTERIM CONDENSED CONSOLIDATED<br />
FINANCIAL STATEMENTS/<br />
AANTEKENINGE BY DIE TUSSENTYDSE VERKORTE GEKONSOLIDEERDE<br />
FINANSIËLE STATE<br />
Unaudited/<br />
Ongeouditeer<br />
Unaudited/<br />
Ongeouditeer<br />
restated/<br />
hersaamgestel<br />
Six months ended/<br />
Ses maande geëindig<br />
31 December 2009/<br />
31 Desember 2009<br />
31 December 2008/<br />
31 Desember 2008<br />
25<br />
Audited/Geoudit<br />
restated/<br />
hersaamgestel<br />
Year ended/<br />
Jaar geëindig<br />
30 June 2009/<br />
30 Junie 2009<br />
R’000 R’000 R’000<br />
11 Share - based payments 11 Aandeel-gebaseerde betalings<br />
In October 2009 a previous cash-settled<br />
share based scheme (Phantom B) was<br />
rescinded.<br />
On 28 October 2009, 1 050 567 treasury<br />
preference shares, and 2 949 433 newly<br />
issued preference shares in CIL were allotted<br />
to Executive Directors of the Company at an<br />
issue price of R3,14 per preference share.<br />
The exercise price of R3,14 was equal to<br />
the market price of the shares on the date<br />
of grant.<br />
12 Related parties 12 Verwante partye<br />
With regard to business done with related<br />
parties, the following transactions took<br />
place during the year:<br />
(a) Fees earned by Clover Industries Limited for<br />
service rendered to Group companies<br />
(b) Finance income received by Clover Industries<br />
Limited from Group companies<br />
(c) Amounts due to Clover Industries Limited<br />
from Group companies<br />
(d) Dividends received by Clover Industries<br />
Limited from Group companies<br />
(e) Milk purchased from Non-executive Directors<br />
by Clover SA (Pty) Limited<br />
In Oktober 2009 is ’n vorige kontantvereffende<br />
aandeelgebaseerde skema (Phantom B)<br />
herroep.<br />
Op 28 Oktober 2009, is 1 050 567 tesourievoorkeuraandele,<br />
en 2 949 433 onlangs<br />
uitgereikte voorkeuraandele in CIL aan die<br />
Uitvoerende Direkteure van die Maatskappy<br />
toegewys teen ’n uitgifteprys van R3,14 per<br />
voorkeuraandeel. Die uitoefenprys van R3,14<br />
is gelyk aan die markprys van die aandele op<br />
die datum van toekenning.<br />
Ten opsigte van sake gedoen met<br />
verwante partye, het die volgende<br />
transaksies gedurende die jaar plaasgevind:<br />
18 736 20 458 35 654 (a) Gelde verdien deur Clover Industries Beperk<br />
vir dienste gelewer aan Groepmaatskappye<br />
2 250 9 974 17 822 (b) Finansieringsinkomste ontvang deur Clover<br />
Industries Beperk vanaf Groepmaatskappye<br />
64 406 106 974 81 510 (c) Bedrae verskuldig aan Clover Industries<br />
Beperk deur Groepmaatskappye<br />
30 000 51 969 51 969 (d) Dividende ontvang deur Clover Industries<br />
Beperk van Groepmaatskappye<br />
49 992 40 355 74 853 (e) Melk aangekoop van Nie-uitvoerende<br />
Direkteure deur Clover SA (Edms) Beperk<br />
(f) Compensation of Executive Directors 6 232 5 443 15 743 (f) Vergoeding van Uitvoerende Direkteure<br />
(g) Compensation of Non-executive Directors 1 838 2 228 3 708 (g) Vergoeding van Nie-uitvoerende Direkteure<br />
(h) Compensation of Key Management<br />
Personnel<br />
7 271 4 076 11 612 (h) Vergoeding van Sleutel-bestuurspersoneel