HSRC Integrated Annual Report 2018/2019

124 / HSRC INTEGRATED ANNUAL REPORT 2018/19 PART E: ANNUAL FINANCIAL STATEMENTS 25 Related Parties The HSRC is a schedule 3A National Public Entity in terms of the Public Finance Management Act (Act No. 1 of 1999, as amended) and therefore falls within the national sphere of government. As a consequence the HSRC has a significant number of related parties being entities that fall within the national sphere of government. Such transactions are for the research that the HSRC performs from time to time. All such transactions are concluded on an arm’s length basis, and the HSRC is normally appointed having responded to requests for tenders. There are no restrictions in the HSRC’s capacity to transact with any entity. The HSRC reports to the DST. Amounts disclosed, below, as related parties relates to the parent department, DST and entities within the DST. 25.1 Transactions with Related Entities Services Rendered Services Received Period ended 31 March 2019 Period ended 31 March 2018 Period ended 31 March 2019 Period ended 31 March 2018 Transactions Balance Amount Included in Bad Debts Provision as at 31 March 2019 Transactions Balance Amount Included in Bad Debts Provision as at 31 March 2018 Transactions Balance Transactions Balance R’000 R’000 R’000 R’000 R’000 R’000 R’000 R’000 R’000 R’000 Related Party Department of Science and Technology** 319 053 000 - - 339 008 306 - - - - - - Agricultural Research Council - - - 1 500 000 500 000 - - - - - Brand South Africa - - - 100 000 - - - - - - CSIR (Council for Scientific and Industrial Research) 725 725 485 910 - 28 897 620 608 - 334 222 43 056 679 137 138 715 Department of Basic Education - - - 5 602 146 - - - - - - NOTES TO THE ANNUAL FINANCIAL STATEMENTS for the year ended 31 March 2019 (Continued)