NVFH 2020 Integrated Annual Report

NVest Financial Holdings Limited and its subsidiaries | (Registration number 2008/015990/06)
Annual Financial Statements for the year ended 29 February 2020
Notes to the Annual Financial Statements [continued]
Group
Company
Figures in Rand Notes 2020 2019 2020 2019
31. Related parties
Relationships
Subsidiaries Refer to note 8
Associates Refer to note 9
Entity under common management
Sherpa House 61 Proprietary Limited
Compensation to directors and other key management Refer note 32
Shareholders
Godwin Trust
The Gavin Ramsay Family Trust
B.J. Connellan
The Andrew and Heather Kent Trust
R.M. McIntyre
The Rayner Sparg Trust
Related party balances
Loan accounts - Owing by related parties
Independent Executor and Trust Proprietary Limited - - 1,050,000 1,050,000
National Finance Brokers Port Elizabeth Proprietary Limited - - 3,500,000 3,500,000
NVest Properties Limited - - 175,258,526 125,771,663
NVest Securities Proprietary Limited - - 910,000 -
NVest Securities Proprietary Limited - - 2,000,000 2,000,000
C.G. Lemmon 910,000 - - -
Nations NFB Proprietary Limited 47,391 84,772 - -
Related party transactions
Interest received from related parties
NVest Securities Proprietary Limited - - (150,411) (150,933)
NVest Properties Limited - - (13,364,695) (10,736,355)
Commission received from related parties
NFB Insurance Brokers (Border) Proprietary Limited - - (49,923) (53,069)
Rent paid to (received from) related parties
NFB Private Wealth Management Proprietary Limited - - (1,458,770) (1,768,602)
NVest Securities Proprietary Limited - - (878,802) (753,661)
NVest Properties Limited - - 2,917,541 2,719,466
NVest Property Services Proprietary Limited - - - (164,537)
NVest Properties Limited - - (138,000) (32,430)
NFB Finance Brokers Gauteng Proprietary Limited - - 157,178 -
NFB Private Wealth Management Proprietary Limited - - 88,383 -
NVest Financial Holdings Limited | INTEGRATED ANNUAL REPORT 2020 115