Part b 10 Marks 1.

A Ltd purchased 80% of its raw materials from B Ltd. A Ltd does not have any other transactions with B Ltd

2. Mr. Booysen holds 5% of the issued share capital and voting rights of A Ltd. His 16year old son holds 30% of the voting rights in A Ltd, which he inherited from his grandfather.

3. The Namibian Government holds G Ltds majority-issued share capital and voting rights. G Ltd is the sole provider of specialist advice concerning the repairs and maintenance of roads to the Windhoek City Council.

4. Entity C is the parent of a partially owned subsidiary, entity D.C is also an investor in entity E an associate of entity C. Required:

3.2 Using IAS 24; Related party disclosures, identify the related parties in each independent cases 1-4 above.