Estate Agency Affairs Board 2014/15 -2016/17 ANNUAL PERFORMANCE PLAN

Estate Agency Affairs Board2014/15 -2016/17ANNUAL PERFORMANCE PLAN

Draft and Confidential

Primary Mandate of EAABRegulate, maintain and promote the standard of conduct of estate agents having due regard to the public interest; Issue fidelity fund certificates to qualifying applicants; Prescribe the standard of training of estate agents; Investigate complaints against estate agents and institute disciplinary proceedings against offending estate agents where required; andManage and control the Estate Agents Fidelity Fund.

Secondary mandateThe EAAB is the Supervisory Body of the estate agency profession pursuant to the Financial Intelligence Centre Act and is obliged to take all steps required to prevent; alternatively, identify and report on, anti-money laundering and terrorist financing activities

Expanded MandateTitle deed restoration project;Transformation of the Real Estate Sector;MANDATE


DISCIPLINIARYLITIGATION & RECOVERIESCLAIMS DEPARTMENTREGIONAL INSPECTORS

REGISTRATIONS DEPARTMENTEDUCATION AND TRAINING PROFESSIONAL BODY

WESTERN CAPE BRANCHKWA-ZULU NATAL BRANCH AUDIT COMPLIANCE DEPARTMENTORGANIZATION STRUCTUREFINANCE DEPARTMENTHUMAN RESOURCES

INFORMATION TECHNOLOGY

CUSTOMER RELATIONSTITLE DEEDSRESTORATION PROJECT CONSUMER EDUCATIONTRANSACTIONAL SUPPORT FOR SUBSIDY MARKETMARKETING &PUBLICATIONS


FOCUS ON TRANSFORMATION OF THE REAL ESTATE SECTOR The EAAB is in the process of rolling-out the One Learner - One Estate Agency Programme that will introduce approximately 10 000 new Interns over a three year period;

Funding will be received from both public and private sector partners;

Increase the Transformation target group Licenses;


PROGRAMMES AND SUB-PROGRAMMES

PROGRAMMESSUB-PROGRAMMESElimination of Title Deeds backlogResearchPre-94 stockPost-94 stockComplianceDisciplinary processInspectionsRegistrationsFidelity FundClaims processed against the Fidelity FundInterest received from Estate Agents trust accountsEducation and TrainingStakeholder awarenessTransaction research in Affordability and subsidised marketProfessional Designation Examination

AdministrationCorporate Governance & ComplianceHuman ResourcesICT GovernanceCustomer services


KEY PERFORMANCE ANNUAL TARGETS

ProgrammeSub ProgrammePerformance IndicatorBaseline2014/152015/162016/17Elimination of Title deeds backlogPre 1994 backlog% decrease in the title deeds backlog pre 1994100% title deeds backlog pre-94n/a25% decrease in title deeds backlog in pre-94 stock75% decrease in title deeds backlog in pre-94 stockPost 1994 backlog% decrease in the title deeds backlog post 1994100% title deeds backlog post-94n/a10% decrease in title deeds backlog in post-94 stock25% decrease in title deeds backlog in post-94 stockResearchNumber of report on scoping exerciseN/A1 report--ComplianceDisciplinary processes% increase of complaints resolved within 6 months 65% of complaints are resolved within 6 months5% increase on baseline5% increase on previous period5% increase on previous period% increase of cases for prosecution opened and finalised within 6 months65% of complaints are resolved within 6 months5% increase on baseline5% increase on previous period5% increase on previous period



ProgrammeSub ProgrammePerformance IndicatorBaseline2014/152015/162016/17ComplianceInspectionsNumber of estate agents inspected 800 Estate Agencies inspected1452 Estate Agencies inspected1742 Estate Agencies inspected1916 Estate Agencies inspectedRegistrations% increase on issued certificates (FFC) to new registered and compliant estate agents within 21 days75% of FFC issued to compliant new registered estate agents issued within 21 days 5% increase on the baseline.5% increase on previous period.

5% increase on previous period.

% increase on renewal certificates (FFC) of compliant estate agents within 5 days90% of FFC issued to compliant current registered estate agents issued within 21 days 2% increase on the baseline.2% increase on previous period.2% increase on previous period.



ProgrammeSub ProgrammePerformance IndicatorBaseline2014/152015/162016/17Fidelity FundClaims processed against the Fidelity FundPercentage increase in claims finalised for payments within 6 months30% of claims are finalised within 6 months10% increase on baseline10% increase on baseline10% increase on baseline

Interest received from Estate Agents trust accounts% increase in interest from estate agency trust accounts collected within 30 days of due dates30% of interest from estate agency trust account collected within 30 days 10% increase on baseline10% increase on baseline10% increase on baseline



ProgrammeSub ProgrammePerformance IndicatorBaseline2014/152015/162016/17Education & TrainingStakeholder awarenessNumber of consumer awareness campaigns13 consumer awareness campaigns performed14 consumer awareness campaigns performed16 consumer awareness campaigns performed20 consumer awareness campaigns performed

% increase in the implementation of consumer education programmes in the affordable and subsidy housing market plan 0N/A25% implementation project plan50% implementation of project planNumber of consumer education project implementation plan document completedN/A 1Number of Estate Agents capacity building campaigns performed22 Estate Agents capacity building campaigns performed16 Estate Agents capacity building campaigns performed16 Estate Agents capacity building campaigns performed16 Estate Agents capacity building campaigns performed

Transaction research in Affordability and subsidised marketNumber of transactional support project implementation plan document completedN/A 1



ProgrammeSub ProgrammePerformance IndicatorBaseline2014/152015/162016/17Education and TrainingTransaction research in Affordability and subsidised marketPercentage increase in the implementation of transactional support projects in the affordable and subsidy housing market plan N/AN/A25% implementation project plan50% implementation of project planProfessional Designation ExaminationPercentage in NQF level 4 & 5 candidates enrolled and completed PDE receiving results90% of NQF Level 4 & 5 candidates enrolled and completed PDE receiving results100% NQF Level 4 & 5 candidates enrolled and completed PDE receiving results100% NQF Level 4 & 5 candidates enrolled and completed PDE receiving results100% NQF Level 4 & 5 candidates enrolled and completed PDE receiving results



ProgrammeSub ProgrammePerformance IndicatorBaseline2014/152015/162016/17AdministrationCorporate Governance & CompliancePercentage increase in resolution of audit findings raised within the agreed turnaround time60% of the audit findings raised were resolved within the agreed turnaround time30% increase from baseline.10% increase from previous period.0% increase from previous period.Human ResourcesPercentage decrease in vacancy rate.20% vacancy rate 5% decrease in vacancy rate from baseline5% decrease in vacancy rate from previous period5% decrease in vacancy rate from previous period

ICT EnvironmentPercentage increase in the implementation of ICT Strategy.80% implementation of ICT Strategy.5% increase from baseline5% increase from previous period5% increase from previous period

Customer servicesPercentage increase of queries received from stakeholder and resolved within 48 hours85% of queries received from stakeholders and resolved within 48 hours5% increase from baseline 5% increase from previous period

5% increase from previous period


Our sources of fundingLevies paid by estate agents;Examination fees;Income generated from selling study guides;Management fee charged for managing and controlling Fidelity Fund; Fee charged for CPD training;Interest on investments of surplus funds

FUNDING SOURCES


BUDGET 2014/15


Sheet3

EXPENDITURE ESTIMATES (PROGRAMES FROM BUDGET STRUCTURE)

Programme ('000)Audited OutcomeProjected2014/15 MTEF

2011/122012/132013/142014/152015/162016/17

Compliance25,7283,4263,66631,51733,72336,083

Education and Training7,7796,0476,47012,28813,14814,069

Administration29,10838,86041,20743,21046,12759,660

Estate Agency Fidelity Fund54,16664,48066,10967,62972,36377,428

Title deed restoration0.00.00.010,00010,70011,449

116,781112,813117,452164,644176,061198,689

Sheet2

ESTATE AGENCY AFFAIRS BOARD

ANNUAL BUDGET FOR THE YEAR 2014/2015

PROJECTED BALANCE SHEET AS AT 31 MARCH 2015

2015201420162017

RRRR

ASSETS

Non-current assets$76,314,461$73,719,461$74,818,751$72,966,841

$74,709,051$72,226,051$73,877,50172,921,243

Intangible Assets$1,605,410$1,493,410$941,25045,599

Current assets$58,772,961$63,498,620$63,127,665$68,038,699

Trade and other receivables$1,698,000$2,600,000$1,816,8601,944,040

Inventory$288,900$270,000$309,123330,762

$6,435,000$6,010,000$7,273,7148,274,971

Loan Fund$4,500,000$4,300,000$4,667,3334,994,046

Investments$45,851,061$50,318,620$49,060,63552,494,880

TOTAL ASSETS$135,087,422$137,218,081$137,946,416$141,005,540

EQUITY AND LIABILITIES

Reserves$99,687,622$99,438,081$100,068,630$100,476,309

Accumulated surplus$99,687,622$99,438,081100,068,630100,476,309

Revaluation surplus0.00.00.00.0

Current liabilities$11,914,600$11,088,000$12,748,622$13,641,026

$8,774,000$8,200,000$9,388,18010,045,353

Provisions$2,675,000$2,500,000$2,862,2503,062,608

Loan Fund0.00.0

Finance Lease Liability0.00.0

Post Employment Medical Aid Benefits$465,600$388,000$498,192533,065

Non-Current liabilities$23,485,200$26,692,000$25,129,164$26,888,205

Post- Employment Pension Fund0.0$7,121,0000.00.0

Post- Employment Medical Aid$23,485,200$19,571,00025,129,16426,888,205

TOTAL EQUITY AND LIABILITIES$135,087,422$137,218,081$137,946,416$141,005,540

$(0)$(0)

Sheet1

THE ESTATE AGENCY AFFAIRS BOARD

PROJECTED INCOME AND EXPENDITURE BUDGET

FOR THE YEAR ENDING 31 MARCH 2015Department : Total Department

2012/20132012/20132012/20132013/20142011/20122014/20152015/20162016/2017

BudgetBudgetVarianceVariance %ActualBudgetVarianceVariance %BudgetActualForecastBudgetBudgetForecastForecast

Turnover83,624,05900000000088,830,23482,935,79067,088,91597,264,091104,072,577111,357,657

FFC Renewals17,064,71200000000015,724,48616,708,80917,064,71123,626,60225,280,46427,050,097

Principals9,741,3138,403,0709,717,9309,741,31314,320,80015,323,25616,395,884

Full Status5,617,0664,421,1374,381,2485,617,0666,431,6106,881,8237,363,550

Intern Estate Agents1,696,0682,885,2442,599,9301,696,0682,860,0323,060,2343,274,451

Attorneys10,26515,0359,70110,26514,16015,15116,212

0.0

New Registrations3,318,7720.00.00.00.00.00.00.00.00.02,937,3402,603,5893,318,7723,532,3363,779,5994,044,171

Principals765,463362,943166,725765,463246,000263,220281,645

Non-Principal1,826,9702,171,4121,795,9101,826,9702,345,3862,509,5632,685,232

Status Change726,339402,984640,954726,339940,9501,006,8171,077,294

0.0

Examinations684,0000.00.00.00.00.00.00.00.00.0750,8004,465,9736,980,0005,952,5006,369,1756,815,017

Examination Fees390,000449,3001,806,0735,020,0001,151,0001,231,5701,317,780

Sales -Study Guides294,000185,000706,0000.01,310,0001,401,7001,499,819

Over 60's exemptions0.0116,5001,408,9000.0839,500898,265961,144

Appeals0.00.045,0000.070,00074,90080,143

Equivalency exemptions0.00.0500,0000.01,150,0001,230,5001,316,635

CPD0.00.00.00.01,432,0001,532,2401,639,497

Sales - NQF 50.0-0.01,960,0000.00.00.0

Sundry Income0.00.00.00.00.00.0

0.0

Interest Income5,550,5260.00.00.00.00.00.00.00.00.05,771,1812,288,8334,374,6881,568,2051,677,9791,795,437

Interest on Investments5,541,9665,172,1632,283,2334,366,6881,562,2131,671,5671,788,577

Interest Other8,560599,0185,6008,0005,9926,4116,860

0.0

Management fee53,334,99352,982,80752,529,91131,612,54352,343,91956,007,99459,928,553

Other Income3,671,0560.00.00.00.00.00.00.00.00.010,663,6204,338,67535,350,74410,240,52910,957,36611,724,382

Penalties725,9641,278,400498,086725,964532,952570,259610,177

Fines527,991115,0001,318,798527,9916,250,0006,687,5007,155,625

Delivery charges (Fin & Adm)26,66192,96664,62424,91769,14873,98879,167

Legal document charges (Fin & Adm)62,55835,21146,14658,46649,37652,83356,531

Profit on sale of Land & Buildings0.07,160,9590.00.00.00.00.0

Sundry income382,791

Royalties118,154364,30055,400110,4240.00.00.0

Advertising Fees276,511122,500159,101258,421170,238182,155194,906

Dividend received0.00.00.00.00.00.00.0

Rental received-0.00.00.00.00.00.0

Duplicate & Amendments - FFC697,480590,643636,924651,850681,509729,214780,259

Penalties - Auditors Reports931,303513,750466,8281,095,6500.00.00.0

Duplicate Exam Certificate & Analysis (Fin & Adm)304,4347,100128,527284,517137,524147,151157,451

Rental Income0.00.0964,2410.02,349,7822,514,2672,690,266

0.0

Operating costs84,754,81200000000096,178,15380,945,25265,866,30197,014,550103,691,569110,949,978

Admin expense33,912,36300000000029,368,24128,160,16329,002,77529,636,30031,710,84133,930,600

Venue Hire115,600101,874109,580400,000200,000214,000228,980

COS - NQF 4 & 5170,000177,878585,8471,100,000540,000577,800618,246

Invigilators's Fees45,42437,200243,750516,000560,000599,200641,144

Provision for doubtful debts946,465

Impairment losses68,022

Venues, Conferences and Breakaways1,224,889826,232637,8731,706,7701,075,0001,150,2501,230,768

Staff Training and development1,113,617385,639679,072953,100960,0001,027,2001,099,104

Corporate Social Investments70,00011,612120,000100,00090,00096,300103,041

Bursaries (MAR) (Mar & Com)0035,00020,00021,40022,898

Bursaries394,450175,568327,631310,000350,000374,500400,715

Software License400,816361,997549,321264,000550,000588,500629,695

Hardware Maintenance53,5004,63558,03050,000100,000107,000114,490

Software Maintenance549,259440,560782,071532,000765,000818,550875,849

Publication and Communication1,823,0861,378,197626,3761,118,2451,155,0001,235,8501,322,360

Insurance422,511399,553439,626303,000670,200717,114767,312

Postages1,004,086763,8261,161,5631,240,0001,117,0001,195,1901,278,853

Stationery and Printing921,607819,665808,734850,000954,0001,020,7801,092,235

Travelling expenses1,111,6831,035,7831,676,5601,612,9002,410,0002,578,7002,759,209

Bank Charge461,000430,123321,270300,000520,000556,400595,348

Interest paid02,654096,0000.00.00.0

Auditors Remuneration - Current Year1,670,0001,665,5001,308,0121,000,0001,100,0001,177,0001,259,390

Internal Audit Fees1,284,0001,092,496973,7521,200,000600,000642,000686,940

Forensic Audit Fees0000.00.00.00.0

Telephone and Telex1,800,6761,269,4302,093,3151,294,0001,970,0002,107,9002,255,453

Photo-copier charges307,000190,214114,428100,000250,000267,500286,225

Entertainment271,169205,648236,651110,70050,00053,50057,245

Catering and Refreshments481,371358,150528,550364,400456,000487,920522,074

Nestle Equipment Rentals4,8475,6544,3254,5005,6005,9926,411

Garden and Plant Maintenance107,78093,70481,36454,000140,000149,800160,286

Subscriptions353,701260,256180,18083,100198,000211,860226,690

Sundry expenses11,762

Office Cleaning331,600302,210309,199280,000345,000369,150394,991

Rates and Taxes Office Building483,000421,277218,646270,000650,000695,500744,185

Repairs and Maintenance Buidling228,400223,967343,8762,120,000800,000856,000915,920

Security Costs535,700435,919405,278360,000678,500725,995776,815

Water and Electricity523,100544,198435,553321,000585,000625,950669,767

Licencing and Insurance1,73301,3911,7002,0002,1402,290

Repairs and Maintenance Vehicle31,28024,99037,87930,00035,00037,45040,072

Repairs & Maintenance Furniture & Equipment64,20046,43851,52160,00070,00074,90080,143

Promotion and Marketing303,650182,478389,8111,840,000450,000481,500515,205

Advertising184,000205,907141,329209,000210,000224,700240,429

Consultants Fees11,093,67710,660,1644,934,1352,380,0002,632,0002,816,2403,013,377

Corporate Gifts274,900252,19960,10770,000120,000128,400137,388

Call Center2,000,8562,261,4193,036,2563,500,0003,500,0003,745,0004,007,150

Rental - Leased Building000

Depreciation - Office furniture & equipment221,490(246,992)200,908207,000100,000107,000114,490

Depreciation - Office Equipment272,8504,090263,023255,000200,000214,000228,98035,200,11137,664,119

Depreciation - Computer equipment392,690(149,360)396,057367,000170,000181,900194,6332,945,7103,151,910

Depreciation - Motor Vehicles44,94043,22442,71542,00036,00038,52041,21632,254,40134,512,209

Depreciation - Library Materials385003600.00.00.0

Depreciation - Buildings001,288,040437,0001,159,0001,240,1301,326,939

Amortisation - Software593,850479,450791,474555,000920,000984,4001,053,308

Amortisation - Intellectual Property167,990156,367165,0840.0168,000179,760192,343

Other operating expense6,824,64300000000010,335,8611,975,3621,008,0001,551,0001,659,5701,775,740

Disciplinary costs868,3301,156,978921,190758,0001,241,0001,327,8701,420,821

Relocation costs688,813681,2960

Rental - Leased Building5,000,0004,928,213461,122

Legal Costs267,500176,449214,668250,000310,000331,700354,919

Administration costs3,392,925378,382

Staff costs43,152,50300000000055,796,64149,339,13133,879,52664,117,25068,491,45873,285,860

Salaries and Wages28,038,85725,906,54935,274,87319,779,57144,936,55748,082,11651,447,864

Overtime Expenses252,500171,25764,849105,000226,372242,218259,173

Annual Bonus2,078,3411,541,9481,665,3712,536,9883,106,8933,324,3763,557,082

Performance awards552,5140.0591,1900.01,547,3381,655,6521,771,548

Long service awards0.0237,47260,0000.0250,000267,500286,225

Car Allowance778,900610,629940,1392,376,138906,404969,8531,037,742

Pension Fund Contributions6,490,2817,356,2965,568,0085,051,0148,001,5638,561,6729,160,989

U.I.F Contributions138,906122,060145,871114,321189,437202,697216,886

Medical Aid Contributions3,288,1512,975,0723,750,8162,799,3484,320,5194,622,9564,946,563

Skills Development Levies295,853301,830309,652217,147432,167462,418494,788

Recruitment and Selection590,000530,626352,996900,000200,000100,000107,000

Valuation Service and Interest Costs15,387,0660.00.0

Leave Pay648,200655,837615,3660.00.00.00.0

Board Members Remuneration865,303000000000677,4101,470,5961,276,0001,710,0001,829,7001,957,779

Travelling Allowance41,19527,39059,12638,50070,00074,90080,143


Skills Development Levy13,375011,47012,50020,00021,40022,898

ARELLO Conference Costs000000000000700,0000.00.00.0

Venues, Conferences and Breakways (Mar & Com)0195,7170.00.00.0

Two Day Conferencing01,4910.00.00.0

Entertainment and Gifts333,2220.00.00.0

PR and Advertising084,1560.00.00.0

Travelling and Accommodation025,5590.00.00.0

Event Management028,2570.00.00.0

Exhibition Stand Construction01,1580.00.00.0

Branding and Collateral030,4400.00.00.0

Total Operaring Costs84,754,81200000000096,178,15380,945,25265,866,30197,014,550103,691,569110,949,978

Surplus/(Deficit) before CAPEX(1,130,753)0.00.00.00.00.00.00.00.00.0(7,347,918)1,990,5381,222,614249,541381,008407,679

Capital Expendirure2,342,0000.00.00.00.00.00.00.00.00.01,224,48674,199,1683,248,5005,348,0001,450,0001,300,000

Office Furniture & Equipment250,00015,29775,000100,000300,000100,000100,000

emptyOffice Equipment200,000167,861305,290100,000100,000100,000100,000

Software1,400,000704,834736,5511,000,0001,200,000500,000350,000

Intellictual Property - Education Materials0.00.00.00.00.00.00.0

Computers492,000336,494692,32748,500748,000150,000150,000

Motor Vehicles0.00.00.00.00.00.00.0

Library Material0.00.00.02,000,0002,000,000100,000100,000

Land and Buildings0.00.072,390,0000.01,000,000500,000500,000

Profit on sale of Buildings0.00.00.00.00.00.0

Surplus/(Deficit) after CAPEX(3,472,753)0.00.00.00.00.00.00.00.00.0(8,572,404)(72,208,630)(2,025,886)(5,098,459)(1,068,992)(892,321)

JosephS:Includes R5 315 Marketing overtime


IS




2012/20132012/20132012/20132013/20142011/20122014/20152015/20162016/2017

BudgetBudgetVarianceVariance %ActualBudgetVarianceVariance %BudgetActualForecastBudgetBudgetForecastForecast

Turnover83,624,05900000000088,830,23482,935,79067,088,91597,264,091104,072,577111,357,657

FFC Renewals1.1.17,064,71200000000015,724,48616,708,80917,064,71123,626,60225,280,46427,050,097

Principals9,741,3138,403,0709,717,9309,741,31314,320,80015,323,25616,395,884

Full Status5,617,0664,421,1374,381,2485,617,0666,431,6106,881,8237,363,550

Intern Estate Agents1,696,0682,885,2442,599,9301,696,0682,860,0323,060,2343,274,451

Attorneys10,26515,0359,70110,26514,16015,15116,212

0.0

New Registrations1.2.3,318,7720.00.00.00.00.00.00.00.00.02,937,3402,603,5893,318,7723,532,3363,779,5994,044,171

Principals765,463362,943166,725765,463246,000263,220281,645

Non-Principal1,826,9702,171,4121,795,9101,826,9702,345,3862,509,5632,685,232

Status Change726,339402,984640,954726,339940,9501,006,8171,077,294

0.0

Examinations1.3.684,0000.00.00.00.00.00.00.00.00.0750,8004,465,9736,980,0005,952,5006,369,1756,815,017

Examination Fees390,000449,3001,806,0735,020,0001,151,0001,231,5701,317,780

Sales -Study Guides294,000185,000706,0000.01,310,0001,401,7001,499,819

Over 60's exemptions0.0116,5001,408,9000.0839,500898,265961,144

Appeals0.00.045,0000.070,00074,90080,143

Equivalency exemptions0.00.0500,0000.01,150,0001,230,5001,316,635

CPD0.00.00.00.01,432,0001,532,2401,639,497

Sales - NQF 50.0-0.01,960,0000.00.00.0

Sundry Income0.00.00.00.00.00.0

0.0

Interest Income1.4.5,550,5260.00.00.00.00.00.00.00.00.05,771,1812,288,8334,374,6881,568,2051,677,9791,795,437

Interest on Investments5,541,9665,172,1632,283,2334,366,6881,562,2131,671,5671,788,577

Interest Other8,560599,0185,6008,0005,9926,4116,860

0.0

Other Income1.5.57,006,0490.00.00.00.00.00.00.00.00.063,646,42756,868,58635,350,74462,584,44866,965,36071,652,93566,965,359.8671,652,935.05

Administration Fees53,334,99352,982,80752,529,91131,612,54352,343,91956,007,99459,928,553

Penalties725,9641,278,400498,086725,964532,952570,259610,177

Fines527,991115,0001,318,798527,9916,250,0006,687,5007,155,625

Delivery charges (Fin & Adm)26,66192,96664,62424,91769,14873,98879,167

Legal document charges (Fin & Adm)62,55835,21146,14658,46649,37652,83356,531

Profit on sale of Land & Buildings0.07,160,9590.00.00.00.00.0

Sundry income382,791

Royalties118,154364,30055,400110,4240.00.00.0

Advertising Fees276,511122,500159,101258,421170,238182,155194,906

Dividend received0.00.00.00.00.00.00.0

Rental received-0.00.00.00.00.00.0

Duplicate & Amendments - FFC697,480590,643636,924651,850681,509729,214780,259

Penalties - Auditors Reports931,303513,750466,8281,095,6500.00.00.0

Duplicate Exam Certificate & Analysis (Fin & Adm)304,4347,100128,527284,517137,524147,151157,451

Rental Income0.00.0964,2410.02,349,7822,514,2672,690,266

0.0

Operating costs84,754,81200000000096,178,15380,945,25265,866,30197,014,550103,691,569110,949,97896,551,850103,805,568.51111,071,958

Admin expense2.1.33,912,36300000000029,368,24128,160,16329,002,77529,636,30031,710,84133,930,600(114,000.00)-121,980

Venue Hire2.1115,600101,874109,580400,000200,000214,000228,980214,000.000.0

COS - NQF 4 & 52.1170,000177,878585,8471,100,000540,000577,800618,246577,800.000.0

Invigilators's Fees2.145,42437,200243,750516,000560,000599,200641,144599,200.000.0

Provision for doubtful debts946,4650.00.0

Impairment losses68,0220.00.0

Venues, Conferences and Breakaways2.11,224,889826,232637,8731,706,7701,075,0001,150,2501,230,7681,150,250.000.0

Staff Training and development2.11,113,617385,639679,072953,100960,0001,027,2001,099,1041,027,200.000.0

Corporate Social Investments2.170,00011,612120,000100,00090,00096,300103,04196,300.000.0

Bursaries (MAR) (Mar & Com)2.10035,00020,00021,40022,89821,400.000.0

Bursaries2.1394,450175,568327,631310,000350,000374,500400,715374,500.000.0

Software License2.1400,816361,997549,321264,000550,000588,500629,695588,500.000.0

Hardware Maintenance2.153,5004,63558,03050,000100,000107,000114,490107,000.000.0

Software Maintenance2.1549,259440,560782,071532,000765,000818,550875,849818,550.000.0

Publication and Communication2.11,823,0861,378,197626,3761,118,2451,155,0001,235,8501,322,3601,235,850.000.0

Insurance2.1422,511399,553439,626303,000670,200717,114767,312717,114.000.0

Postages2.11,004,086763,8261,161,5631,240,0001,117,0001,195,1901,278,8531,195,190.000.0

Stationery and Printing2.1921,607819,665808,734850,000954,0001,020,7801,092,2351,020,780.000.0

Travelling expenses2.11,111,6831,035,7831,676,5601,612,9002,410,0002,578,7002,759,2092,578,700.000.0

Bank Charge2.1461,000430,123321,270300,000520,000556,400595,348556,400.000.0

Interest paid2.102,654096,0000.00.00.00.00.0

Auditors Remuneration - Current Year2.11,670,0001,665,5001,308,0121,000,0001,100,0001,177,0001,259,3901,177,000.000.0

Internal Audit Fees2.11,284,0001,092,496973,7521,200,000600,000642,000686,940642,000.000.0

Forensic Audit Fees2.10000.00.00.00.00.00.0

Telephone and Telex2.11,800,6761,269,4302,093,3151,294,0001,970,0002,107,9002,255,4532,107,900.000.0

Photo-copier charges2.1307,000190,214114,428100,000250,000267,500286,225267,500.000.0

Entertainment2.1271,169205,648236,651110,70050,00053,50057,24553,500.000.0

Catering and Refreshments2.1481,371358,150528,550364,400456,000487,920522,074487,920.000.0

Nestle Equipment Rentals2.14,8475,6544,3254,5005,6005,9926,4115,992.000.0

Garden and Plant Maintenance2.1107,78093,70481,36454,000140,000149,800160,286149,800.000.0

Subscriptions2.1353,701260,256180,18083,100198,000211,860226,690211,860.000.0

Sundry expenses11,7620.00.0

Office Cleaning2.1331,600302,210309,199280,000345,000369,150394,991369,150.000.0

Rates and Taxes Office Building2.1483,000421,277218,646270,000650,000695,500744,185695,500.000.0

Repairs and Maintenance Buidling2.1228,400223,967343,8762,120,000800,000856,000915,920856,000.000.0

Security Costs2.1535,700435,919405,278360,000678,500725,995776,815725,995.000.0

Water and Electricity2.1523,100544,198435,553321,000585,000625,950669,767625,950.000.0

Licencing and Insurance2.11,73301,3911,7002,0002,1402,2902,140.000.0

Repairs and Maintenance Vehicle2.131,28024,99037,87930,00035,00037,45040,07237,450.000.0

Repairs & Maintenance Furniture & Equipment2.164,20046,43851,52160,00070,00074,90080,14374,900.000.0

Promotion and Marketing2.1303,650182,478389,8111,840,000450,000481,500515,205481,500.000.0

Advertising2.1184,000205,907141,329209,000210,000224,700240,429224,700.000.0

Consultants Fees2.111,093,67710,660,1644,934,1352,380,0002,632,0002,816,2403,013,3772,816,240.000.0

Corporate Gifts2.1274,900252,19960,10770,000120,000128,400137,388128,400.000.0

Call Center2.12,000,8562,261,4193,036,2563,500,0003,500,0003,745,0004,007,1503,745,000.000.0

Rental - Leased Building0000.00.0

Depreciation - Office furniture & equipment2.1221,490(246,992)200,908207,000100,000107,000114,490107,000.000.0

Depreciation - Office Equipment2.1272,8504,090263,023255,000200,000214,000228,980214,000.000.032,897,30035,200,11137,664,119

Depreciation - Computer equipment2.1392,690(149,360)396,057367,000170,000181,900194,633181,900.000.02,753,0002,945,7103,151,910

Depreciation - Motor Vehicles2.144,94043,22442,71542,00036,00038,52041,21638,520.000.030,144,30032,254,40134,512,209

Depreciation - Library Materials2.1385003600.00.00.00.00.0

Depreciation - Buildings2.1001,288,040437,0001,159,0001,240,1301,326,9391,240,130.000.0

Amortisation - Software2.1593,850479,450791,474555,000920,000984,4001,053,308984,400.000.0

Amortisation - Intellectual Property2.1167,990156,367165,0840.0168,000179,760192,343179,760.000.0

2.10.0

Other operating expense2.16,824,64300000000010,335,8611,975,3621,008,0001,551,0001,659,5701,775,740(1,659,570.00)

Disciplinary costs2.1868,3301,156,978921,190758,0001,241,0001,327,8701,420,8211,327,870.000.0

Relocation costs688,813681,29600.00.0

Rental - Leased Building5,000,0004,928,213461,1220.00.0

Legal Costs2.1267,500176,449214,668250,000310,000331,700354,919331,700.000.0

Administration costs2.13,392,925378,3820.00.0

Staff costs2.2.43,152,50300000000055,796,64149,339,13133,879,52664,117,25068,491,45873,285,8600.0

Salaries and Wages28,038,85725,906,54935,274,87319,779,57144,936,55748,082,11651,447,86448,082,115.510.0

Overtime Expenses252,500171,25764,849105,000226,372242,218259,173242,218.200.0

Annual Bonus2,078,3411,541,9481,665,3712,536,9883,106,8933,324,3763,557,0823,324,375.610.014,778,119.01

Performance awards552,5140.0591,1900.01,547,3381,655,6521,771,5481,655,652.170.00.30

Long service awards0.0237,47260,0000.0250,000267,500286,225267,500.000.0

Car Allowance778,900610,629940,1392,376,138906,404969,8531,037,742969,852.550.0

Pension Fund Contributions6,490,2817,356,2965,568,0085,051,0148,001,5638,561,6729,160,9898,561,672.070.0

U.I.F Contributions138,906122,060145,871114,321189,437202,697216,886202,697.460.0

Medical Aid Contributions3,288,1512,975,0723,750,8162,799,3484,320,5194,622,9564,946,5634,622,955.680.0

Skills Development Levies295,853301,830309,652217,147432,167462,418494,788462,418.260.0

Recruitment and Selection590,000530,626352,996900,000200,000100,000107,000214,000.00114,000.00100,000.00

Valuation Service and Interest Costs15,387,0660.00.00.00.0

0.00.0

0.00.0

Leave Pay648,200655,837615,3660.00.00.00.00.00.0

Board Members Remuneration2.3.865,303000000000677,4101,470,5961,276,0001,710,0001,829,7001,957,779239,404

Travelling Allowance41,19527,39059,12638,50070,00074,90080,1430.16


Skills Development Levy13,375011,47012,50020,00021,40022,898










Total Operaring Costs84,754,81200000000096,178,15380,945,25265,866,30197,014,550103,691,569110,949,978

Surplus/(Deficit) before CAPEX(1,130,753)000000000(7,347,918)1,990,5381,222,614249,541381,008407,679712,241

Capital Expendirure32,342,0000.00.00.00.00.00.00.00.00.01,224,48674,199,1683,248,5005,348,0001,450,0001,300,000

Office Furniture & Equipment250,00015,29775,000100,000300,000100,000100,000

emptyOffice Equipment200,000167,861305,290100,000100,000100,000100,000

Software1,400,000704,834736,5511,000,0001,200,000500,000350,000

Intellictual Property - Education Materials0.00.00.00.00.00.00.0

Computers492,000336,494692,32748,500748,000150,000150,000

Motor Vehicles0.00.00.00.00.00.00.0

Library Material0.00.00.02,000,0002,000,000100,000100,000

Land and Buildings0.00.072,390,0000.01,000,000500,000500,000

Profit on sale of Buildings0.00.00.00.00.00.0

Surplus/(Deficit) after CAPEX-3,472,7530.00.00.00.00.00.00.00.00.0-8,572,404-72,208,630-2,025,886-5,098,459-1,068,992-892,321

-462,700



IS - Quarter




QUARTERLY TARGET

2012/20132012/20132012/20132013/20142011/20122014/20152015/20162016/2017Quarter 1Quarter 2Quarter 3Quarter 4

BudgetBudgetVarianceVariance %ActualBudgetVarianceVariance %BudgetActualForecastBudgetAnnual BudgetForecastForecast

Turnover83,624,05900000000088,830,23482,935,79067,088,91597,264,091104,072,577111,357,65719,180,46025,515,19731,079,42721,489,008

FFC Renewals17,064,71200000000015,724,48616,708,80917,064,71123,626,60225,280,46427,050,097771,0877,105,82512,670,0543,079,635

Principals9,741,3138,403,0709,717,9309,741,31314,320,80015,323,25616,395,884545,7354,848,3067,036,3121,890,447

Full Status5,617,0664,421,1374,381,2485,617,0666,431,6106,881,8237,363,550156,4001,681,4453,858,063735,703

Intern Estate Agents1,696,0682,885,2442,599,9301,696,0682,860,0323,060,2343,274,45167,446574,5681,772,366445,653

Attorneys10,26515,0359,70110,26514,16015,15116,2121,5061,5063,3147,833

0.0

New Registrations3,318,7720.00.00.00.00.00.00.00.00.02,937,3402,603,5893,318,7723,532,3363,779,5994,044,171883,084883,084883,084883,084

Principals765,463362,943166,725765,463246,000263,220281,64561,50061,500.0061,500.0061,500.00

Non-Principal1,826,9702,171,4121,795,9101,826,9702,345,3862,509,5632,685,232586,346586,346.40586,346.40586,346.40

Status Change726,339402,984640,954726,339940,9501,006,8171,077,294235,238235,237.50235,237.50235,237.50

0.0

Examinations684,0000.00.00.00.00.00.00.00.00.0750,8004,465,9736,980,0005,952,5006,369,1756,815,0171,488,1251,488,1251,488,1251,488,125

Examination Fees390,000449,3001,806,0735,020,0001,151,0001,231,5701,317,780287,750287,750287,750287,750

Sales -Study Guides294,000185,000706,0000.01,310,0001,401,7001,499,819327,500327,500327,500327,500

Over 60's exemptions0.0116,5001,408,9000.0839,500898,265961,144209,875209,875209,875209,875

Appeals0.00.045,0000.070,00074,90080,14317,50017,50017,50017,500

Equivalency exemptions0.00.0500,0000.01,150,0001,230,5001,316,635287,500287,500287,500287,500

CPD0.00.00.00.01,432,0001,532,2401,639,497358,000358,000358,000358,000

Sales - NQF 50.0-0.01,960,0000.00.00.0

Sundry Income0.00.00.00.00.00.0

0.0

Interest Income5,550,5260.00.00.00.00.00.00.00.00.05,771,1812,288,8334,374,6881,568,2051,677,9791,795,437392,051392,051392,051392,051

Interest on Investments5,541,9665,172,1632,283,2334,366,6881,562,2131,671,5671,788,577390,553390,553390,553390,553

Interest Other8,560599,0185,6008,0005,9926,4116,8601,4981,4981,4981,498

0.0

Other Income57,006,0490.00.00.00.00.00.00.00.00.063,646,42756,868,58635,350,74462,584,44866,965,36071,652,93515,646,11215,646,11215,646,11215,646,112

Administration Fees53,334,99352,982,80752,529,91131,612,54352,343,91956,007,99459,928,55313,085,98013,085,98013,085,98013,085,980

Penalties725,9641,278,400498,086725,964532,952570,259610,177133,238133,238133,238133,238

Fines527,991115,0001,318,798527,9916,250,0006,687,5007,155,6251,562,5001,562,5001,562,5001,562,500

Delivery charges (Fin & Adm)26,66192,96664,62424,91769,14873,98879,16717,28717,28717,28717,287

Legal document charges (Fin & Adm)62,55835,21146,14658,46649,37652,83356,53112,34412,34412,34412,344

Profit on sale of Land & Buildings0.07,160,9590.00.00.00.00.00.00.00.00.0

Sundry income382,7910.00.00.00.0

Royalties118,154364,30055,400110,4240.00.00.00.00.00.00.0

Advertising Fees276,511122,500159,101258,421170,238182,155194,90642,56042,56042,56042,560

Dividend received0.00.00.00.00.00.00.00.00.00.00.0

Rental received-0.00.00.00.00.00.00.00.00.00.0

Duplicate & Amendments - FFC697,480590,643636,924651,850681,509729,214780,259170,377170,377170,377170,377

Penalties - Auditors Reports931,303513,750466,8281,095,6500.00.00.00.00.00.00.0

Duplicate Exam Certificate & Analysis (Fin & Adm)304,4347,100128,527284,517137,524147,151157,45134,38134,38134,38134,381

Rental Income0.00.0964,2410.02,349,7822,514,2672,690,266587,446587,446587,446587,446

0.0

Operating costs78,417,79900000000071,132,81679,490,38265,866,30197,014,550103,691,569110,949,97824,253,63824,253,63824,253,63824,253,638

Admin expense33,912,36300000000029,368,24128,160,16329,002,77529,636,30031,710,84133,930,6007,409,0757,409,0757,409,0757,409,075

Venue Hire115,600101,874109,580400,000200,000214,000228,98050,00050,00050,00050,000

COS - NQF 4 & 5170,000177,878585,8471,100,000540,000577,800618,246135,000135,000135,000135,000

Invigilators's Fees45,42437,200243,750516,000560,000599,200641,144140,000140,000140,000140,000

Provision for doubtful debts946,4650.00.00.00.0

Impairment losses68,0220.00.00.00.0

Venues, Conferences and Breakaways1,224,889826,232637,8731,706,7701,075,0001,150,2501,230,768268,750268,750268,750268,750

Staff Training and development1,113,617385,639679,072953,100960,0001,027,2001,099,104240,000240,000240,000240,000

Corporate Social Investments70,00011,612120,000100,00090,00096,300103,04122,50022,50022,50022,500

Bursaries (MAR) (Mar & Com)0035,00020,00021,40022,8985,0005,0005,0005,000

Bursaries394,450175,568327,631310,000350,000374,500400,71587,50087,50087,50087,500

Software License400,816361,997549,321264,000550,000588,500629,695137,500137,500137,500137,500

Hardware Maintenance53,5004,63558,03050,000100,000107,000114,49025,00025,00025,00025,000

Software Maintenance549,259440,560782,071532,000765,000818,550875,849191,250191,250191,250191,250

Publication and Communication1,823,0861,378,197626,3761,118,2451,155,0001,235,8501,322,360288,750288,750288,750288,750

Insurance422,511399,553439,626303,000670,200717,114767,312167,550167,550167,550167,550

Postages1,004,086763,8261,161,5631,240,0001,117,0001,195,1901,278,853279,250279,250279,250279,250

Stationery and Printing921,607819,665808,734850,000954,0001,020,7801,092,235238,500238,500238,500238,500

Travelling expenses1,111,6831,035,7831,676,5601,612,9002,410,0002,578,7002,759,209602,500602,500602,500602,500

Bank Charge461,000430,123321,270300,000520,000556,400595,348130,000130,000130,000130,000

Interest paid02,654096,0000.00.00.00.00.00.00.0

Auditors Remuneration - Current Year1,670,0001,665,5001,308,0121,000,0001,100,0001,177,0001,259,390275,000275,000275,000275,000

Internal Audit Fees1,284,0001,092,496973,7521,200,000600,000642,000686,940150,000150,000150,000150,000

Forensic Audit Fees0000.00.00.00.00.00.00.00.0

Telephone and Telex1,800,6761,269,4302,093,3151,294,0001,970,0002,107,9002,255,453492,500492,500492,500492,500

Photo-copier charges307,000190,214114,428100,000250,000267,500286,22562,50062,50062,50062,500

Entertainment271,169205,648236,651110,70050,00053,50057,24512,50012,50012,50012,500

Catering and Refreshments481,371358,150528,550364,400456,000487,920522,074114,000114,000114,000114,000

Nestle Equipment Rentals4,8475,6544,3254,5005,6005,9926,4111,4001,4001,4001,400

Garden and Plant Maintenance107,78093,70481,36454,000140,000149,800160,28635,00035,00035,00035,000

Subscriptions353,701260,256180,18083,100198,000211,860226,69049,50049,50049,50049,500

Sundry expenses11,7620.00.00.00.0

Office Cleaning331,600302,210309,199280,000345,000369,150394,99186,25086,25086,25086,250

Rates and Taxes Office Building483,000421,277218,646270,000650,000695,500744,185162,500162,500162,500162,500

Repairs and Maintenance Buidling228,400223,967343,8762,120,000800,000856,000915,920200,000200,000200,000200,000

Security Costs535,700435,919405,278360,000678,500725,995776,815169,625169,625169,625169,625

Water and Electricity523,100544,198435,553321,000585,000625,950669,767146,250146,250146,250146,250

Licencing and Insurance1,73301,3911,7002,0002,1402,290500500500500

Repairs and Maintenance Vehicle31,28024,99037,87930,00035,00037,45040,0728,7508,7508,7508,750

Repairs & Maintenance Furniture & Equipment64,20046,43851,52160,00070,00074,90080,14317,50017,50017,50017,500

Promotion and Marketing303,650182,478389,8111,840,000450,000481,500515,205112,500112,500112,500112,500

Advertising184,000205,907141,329209,000210,000224,700240,42952,50052,50052,50052,500

Consultants Fees11,093,67710,660,1644,934,1352,380,0002,632,0002,816,2403,013,377658,000658,000658,000658,000

Corporate Gifts274,900252,19960,10770,000120,000128,400137,38830,00030,00030,00030,000

Call Center2,000,8562,261,4193,036,2563,500,0003,500,0003,745,0004,007,150875,000875,000875,000875,000

Rental - Leased Building0000.00.00.00.0

Depreciation - Office furniture & equipment221,490(246,992)200,908207,000100,000107,000114,49025,00025,00025,00025,000

Depreciation - Office Equipment272,8504,090263,023255,000200,000214,000228,98050,00050,00050,00050,000

Depreciation - Computer equipment392,690(149,360)396,057367,000170,000181,900194,63342,50042,50042,50042,500

Depreciation - Motor Vehicles44,94043,22442,71542,00036,00038,52041,2169,0009,0009,0009,000

Depreciation - Library Materials385003600.00.00.00.00.00.00.0

Depreciation - Buildings001,288,040437,0001,159,0001,240,1301,326,939289,750289,750289,750289,750

Amortisation - Software593,850479,450791,474555,000920,000984,4001,053,308230,000230,000230,000230,000

Amortisation - Intellectual Property167,990156,367165,0840.0168,000179,760192,34342,00042,00042,00042,000

Other operating expense1,135,8300000000001,333,4271,135,8581,008,0001,551,0001,659,5701,775,740387,750387,750387,750387,750

Disciplinary costs868,3301,156,978921,190758,0001,241,0001,327,8701,420,821310,250310,250310,250310,250

Legal Costs267,500176,449214,668250,000310,000331,700354,91977,50077,50077,50077,500

Staff costs42,504,30300000000039,753,73948,723,76533,879,52664,117,25068,491,45873,285,86016,029,31316,029,31316,029,31316,029,313

Salaries and Wages28,038,85725,906,54935,274,87319,779,57144,936,55748,082,11651,447,86411,234,139.1411,234,13911,234,139.1411,234,139

Overtime Expenses252,500171,25764,849105,000226,372242,218259,17356,593.0456,59356,593.0456,593

Annual Bonus2,078,3411,541,9481,665,3712,536,9883,106,8933,324,3763,557,082776,723.27776,723776,723.27776,723

Performance awards552,5140.0591,1900.01,547,3381,655,6521,771,548386,834.62386,835386,834.62386,835

Long service awards0.0237,47260,0000.0250,000267,500286,22562,500.0062,50062,500.0062,500

Car Allowance778,900610,629940,1392,376,138906,404969,8531,037,742226,601.06226,601226,601.06226,601

Pension Fund Contributions6,490,2817,356,2965,568,0085,051,0148,001,5638,561,6729,160,9892,000,390.672,000,3912,000,390.672,000,391

U.I.F Contributions138,906122,060145,871114,321189,437202,697216,88647,359.2247,35947,359.2247,359

Medical Aid Contributions3,288,1512,975,0723,750,8162,799,3484,320,5194,622,9564,946,5631,080,129.831,080,1301,080,129.831,080,130

Skills Development Levies295,853301,830309,652217,147432,167462,418494,788108,041.65108,042108,041.65108,042

Recruitment and Selection590,000530,626352,996900,000200,000100,000107,00050,000.0050,00050,000.0050,000

0.00.00.00.0

0.00.00.00.0

Board Members Remuneration865,303000000000677,4101,470,5961,276,0001,710,0001,829,7001,957,779427,500427,500427,500427,500

Travelling Allowance41,19527,39059,12638,50070,00074,90080,14317,50017,50017,50017,500

Board Members Remuneration810,733650,0201,400,0001,225,0001,620,0001,733,4001,854,738405,000405,000405,000405,000

Skills Development Levy13,375011,47012,50020,00021,40022,8985,0005,0005,0005,000










Total Operaring Costs78,417,79900000000071,132,81679,490,38265,866,30197,014,550103,691,569110,949,97824,253,63824,253,63824,253,63824,253,638

Surplus/(Deficit)0000000000000249,5410.00.0(5,073,178)1,261,5596,825,789(2,764,630)



Distribution

Group NameQ1Q2Q3Q4

Attorney55112647

Full Status Agent2772,9786,8331,30311,391

Intern Estate Agent1581,3464,1521,0446,700

Principal4313,8295,5571,49311,310

8718,15816,5533,866

BS



CONSOLIDATED FORECAST

PROJECTED BALANCE SHEET AS AT 31 MARCH 2015

2015201420162017

NotesRRRR

ASSETS

Non-current assets$76,314,461$73,719,461$74,818,751$72,966,841

3$74,709,051$72,226,051$73,877,50172,921,243

Intangible Assets4$1,605,410$1,493,410$941,25045,599

Current assets$58,772,961$63,498,620$63,127,665$68,038,699

Trade and other receivables5$1,698,000$2,600,000$1,816,8601,944,040$(118,860)$(127,180)

Inventory6$288,900$270,000$309,123330,762$(20,223)$(21,639)

7$6,435,000$6,010,000$7,273,7148,274,971$(838,714)$(1,001,257)

Loan Fund8$4,500,000$4,300,000$4,667,3334,994,046$(167,333)$(326,713)

Investments9$45,851,061$50,318,620$49,060,63552,494,880$(3,209,574)$(3,434,244)

TOTAL ASSETS$135,087,422$137,218,081$137,946,416$141,005,540


Reserves$99,687,622$99,438,081$100,068,630$100,476,309

Accumulated surplus$99,687,622$99,438,081100,068,630100,476,309

Revaluation surplus0.00.00.00.0

Current liabilities$11,914,600$11,088,000$12,748,622$13,641,026

10$8,774,000$8,200,000$9,388,18010,045,353$614,180657,173

Provisions11$2,675,000$2,500,000$2,862,2503,062,608$187,250200,358

Loan Fund80.00.00.00.0

Finance Lease Liability120.00.00.00.0

Post Employment Medical Aid Benefits13$465,600$388,000$498,192533,065$32,59234,873

Non-Current liabilities$23,485,200$26,692,000$25,129,164$26,888,205

Post- Employment Pension Fund120.0$7,121,0000.00.0

Post- Employment Medical Aid13$23,485,200$19,571,00025,129,16426,888,2051,643,9641,759,041

TOTAL EQUITY AND LIABILITIES$135,087,422$137,218,081$137,946,416$141,005,540

$(0)$(0)

BS-1

Estate Agency Affairs Board

1019610Changes 2011/2012Changes 2012/2013

(214,550)30-Sep-1331-Mar-1431-Mar-15

ASSETS

Non - current assets2,667,59471,051,86773,719,4612,595,00076,314,461

954,17771,271,87472,226,0512,483,00074,709,051

Land and Buildings10.071,101,96071,101,9601,841,00072,942,960

Computer Hardware365,915296,270662,185578,0001,240,185

Office Furniture239,551(125,908)113,643200,000313,643

Motor Vehicles87,206(42,715)44,491(36,000)8,491

Office Equipment261,50542,267303,772(100,000)203,772

Library Material0.00.00.00.0

1,713,417(220,007)1,493,410112,0001,605,410

Intangibles1,713,417(220,007)1,493,410112,0001,605,410

Post Retirement Bebefits0.00.00.00.00.0

Current Assets133,188,950(69,690,330)63,498,620-4,725,65958,772,961

Trade and other receivables23,834,751(1,234,751)2,600,000-902,0001,698,000

Inventory3164,587105,413270,00018,900288,900

Cash and Cash Equivalents44,194,5311,815,4696,010,000425,0006,435,000

Investments5108,353,891(58,035,271)50,318,620-4,467,55945,851,061

Loan Fund616,641,190(12,341,190)4,300,000200,0004,500,000

Non-Current Assets Held for sale0.00.00.00.00.0

TOTAL ASSETS135,856,5441,361,537137,218,081-2,130,659135,087,422


Reserves$97,447,543$1,990,538$99,438,081249,54199,687,622

Accumulated Reserves97,447,54399,438,08199,687,622

Surplus on sale of buildings0.00.00.00.0

Revaluation Surplus0.00.00.00.00.0

Surplus for period1,990,5380.0249,5410.0

Current Liabilities15,097,068(4,009,068)11,088,000826,60011,914,600

Trade and other payables711,208,959(3,008,959)8,200,000574,0008,774,000

Finance Lease Liability0.00.00.00.0

Post-Employment Medical Aid Liability349,00039,000388,00077,600465,600

Provisions83,539,109(1,039,109)2,500,000175,0002,675,000

Loan Fund60.00.00.00.00.0

Non Current Liabilities$23,311,933$3,380,067$26,692,000-3,206,80023,485,200

Post Retirement Pension Fund7,411,933(290,933)7,121,000-7,121,0000.0

Post Retirement Medical Aid15,900,0003,671,00019,571,0003,914,20023,485,200

TOTAL EQUITY AND LIABILITIES135,856,5441,361,537137,218,081-2,130,659135,087,422

0.00000

Notes to Balance Sheet4,926,9410

1. Land and Buildings

Land and building is revalued after every three years. The last revaluation was performed on 01 May 2006. The market value was placed at R14,4 Million. No additional costs relating to structural improvements on the building were incurred subsequent to the

20152014

5. Trade and other receivables

Trade Debtors1,070,0001,000,000

Prepaid expenses428,000400,000

Accrued Interest200,0001,200,000

1,698,0002,600,000

6. Inventory

Inventory - Stationery193,563180,900

Inventory - NQF 495,33789,100

288,900270,000

7. Cash and cash equivalents

20152014

Nedbank4,280,0004,000,000

Absa Bank2,140,0002,000,000

Cash on hand15,00010,000

6,435,0006,010,000

8. Loan Fund

Loan Fund - Management Fees4,500,0004,300,000

4,500,0004,300,000

9. Investments

20152014

Investments - ABSA9,170,21210,063,724

Investments - NEDBANK9,170,21210,063,724

Investments - INVESTEC16,047,87117,611,517

Investments - FNB11,462,76512,579,655

45,851,06150,318,620

10. Trade and other payables

Trade Creditors1,284,0001,200,000

Accrual2,140,0002,000,000

Unallocated Deposits5,350,0005,000,000

8,774,0008,200,000

11. Provisions

20152014

Leave Pay Provision2,140,0002,000,000

Bonus Provisions535,000500,000

2,675,0002,500,000

12. Post Retirement Pension Liability

Benefit Assets0.0$61,208,000

Benefit Liability0.0$(68,329,000)

0.0$(7,121,000)

13. Post Retirement Medical Benefits Liability

Non-current liabilities$23,019,600$19,183,000

Current liabilities$465,600$388,000

$23,485,200$19,571,000

CF



CONSOLIDATED FORECAST

PROJECTED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2015

20152014

NotesRR

CASH FLOWS FROM OPERATING ACTIVITIES

Cash receipts from estate agents and fund63,597,327$58,413,656

Cash paid to suppliers and employees$(59,085,087)$(43,814,357)

Cash generated from operations14$4,512,241$14,599,299

Net cash inflows from operating activities$4,512,241$14,599,299

CASH FLOWS FROM INVESTING ACTIVITIES

Acquisition of property, plant and equipment$(4,148,000)$(73,462,617)

Proceeds from sale of Land & Buildings0.00.0

Acquisition of intangible assets$(1,200,000)$(736,551)

Withdrawal of investments$4,467,559$58,035,271

Net cash flows from investing activities$(880,441)$(16,163,897)

CASH FLOWS FROM FINANCING ACTIVITIES

Change in valuation$(3,206,800)$3,380,067

Net cash flows from financing activities$(3,206,800)$3,380,067

Net increase/(decrease) in cash and cash equivalents$425,000$1,815,469

Cash and cash equivalents at the beginning of the year$6,010,000$4,194,531

Cash and cash equivalents at end of the year7$6,435,000$6,010,000

Note 1 - Cash generated by operations$6,435,000$6,010,000

-00.0

20152014

Net surplus for the period249,5411,990,538

Adjustments for:

Depreciation2,753,0003,147,301

0.00.0

Interest received0.00.0

3,002,5415,137,839

Changes in working capital

Decrease in trade and other receivables902,0001,234,751

Increase in trade and other payables574,000-2,969,959

Decrease in inventory-18,900-105,413

Increase in provisions175,000-1,039,109

Change in Loan Fund-200,00012,341,190

Post-retirement benefits77,6000.0

Cash generated from operations4,512,24114,599,299

CONSOL


BUDGET REPORT FOR THE PERIOD 01 APRIL TO 31 MARCH 2014

FADHRMSECCEOIRMCOMREGCRMAUCINSEDUMARTOTAL

Operating costs24,021,073.543,710,655.135,823,655.328,135,507.325,132,016.2816,576,715.855,558,480.616,386,872.522,328,832.707,052,619.397,294,872.614,993,248.7497,014,550.01

Admin expense11,433,300.00523,000.001,602,000.001,702,000.003,100,000.00673,000.00159,000.003,684,000.00104,000.002,188,000.001,960,000.002,508,000.0029,636,300.00

Venue Hire0.00.00.00.00.00.00.00.00.00.0200,000.000.0200,000.00

COS - NQF 40.00.00.00.00.00.00.00.00.00.0540,000.000.0540,000.00

Invigilators's Fees0.00.00.00.00.00.00.00.00.00.0560,000.000.0560,000.00

Venues, Conferences and Breakaways0.00.00.0120,000.000.0155,000.000.00.00.00.00.0800,000.001,075,000.00

Staff Training and development168,000.00200,000.00160,000.0050,000.000.095,000.0071,000.0050,000.0020,000.0060,000.0050,000.0036,000.00960,000.00

Corporate Social Investments0.00.00.00.00.00.00.00.00.00.00.090,000.0090,000.00

Bursaries (MAR) (Mar & Com)0.00.00.00.00.00.00.00.00.00.00.020,000.0020,000.00

Bursaries140,000.0020,000.000.00.00.060,000.0050,000.0020,000.0020,000.0020,000.0020,000.000.0350,000.00

Software License0.00.00.00.0550,000.000.00.00.00.00.00.00.0550,000.00

Hardware Maintenance0.00.00.00.0100,000.000.00.00.00.00.00.00.0100,000.00

Software Maintenance15,000.000.00.00.0750,000.000.00.00.00.00.00.00.0765,000.00

Publication and Communication0.00.00.00.00.030,000.000.00.00.00.00.01,125,000.001,155,000.00

Insurance625,200.000.045,000.000.00.00.00.00.00.00.00.00.0670,200.00

Postages1,099,000.000.00.00.00.018,000.000.00.00.00.00.00.01,117,000.00

Stationery and Printing854,000.000.00.00.00.00.00.00.00.00.0100,000.000.0954,000.00

Travelling expenses50,000.000.0900,000.00650,000.000.0230,000.0030,000.000.00.0300,000.00250,000.000.02,410,000.00

Bank Charge520,000.000.00.00.00.00.00.00.00.00.00.00.0520,000.00

Interest paid0.00.00.00.00.00.00.00.00.00.00.00.00.0

Auditors Remuneration - Current Year1,100,000.000.00.00.00.00.00.00.00.00.00.00.01,100,000.00

Internal Audit Fees0.00.00.0600,000.000.00.00.00.00.00.00.00.0600,000.00

Forensic Audit Fees0.00.00.00.00.00.00.00.00.00.00.00.00.0

Telephone and Telex42,000.008,000.0080,000.0060,000.001,700,000.0020,000.008,000.008,000.008,000.008,000.0020,000.008,000.001,970,000.00

Photo-copier charges250,000.000.00.00.00.00.00.00.00.00.00.00.0250,000.00

Entertainment0.050,000.000.00.00.00.00.00.00.00.00.00.050,000.00

Catering and Refreshments212,000.0044,000.00130,000.0070,000.000.00.00.00.00.00.00.00.0456,000.00

Nestle Equipment Rentals5,600.000.00.00.00.00.00.00.00.00.00.00.05,600.00

Garden and Plant Maintenance140,000.000.00.00.00.00.00.00.00.00.00.00.0140,000.00

Subscriptions24,000.001,000.0035,000.0052,000.000.065,000.000.06,000.006,000.000.00.09,000.00198,000.00

Office Cleaning345,000.000.00.00.00.00.00.00.00.00.00.00.0345,000.00

Rates and Taxes Office Building650,000.000.00.00.00.00.00.00.00.00.00.00.0650,000.00

Repairs and Maintenance Buidling800,000.000.00.00.00.00.00.00.00.00.00.00.0800,000.00

Security Costs678,500.000.00.00.00.00.00.00.00.00.00.00.0678,500.00

Water and Electricity585,000.000.00.00.00.00.00.00.00.00.00.00.0585,000.00

Licencing and Insurance2,000.000.00.00.00.00.00.00.00.00.00.00.02,000.00

Repairs and Maintenance Vehicle35,000.000.00.00.00.00.00.00.00.00.00.00.035,000.00

Repairs & Maintenance Furniture & Equipment70,000.000.00.00.00.00.00.00.00.00.00.00.070,000.00

Promotion and Marketing0.00.00.00.00.00.00.00.00.00.0150,000.00300,000.00450,000.00

Advertising210,000.000.00.00.00.00.00.00.00.00.00.00.0210,000.00

Consultants Fees60,000.00200,000.00252,000.00100,000.000.00.00.0100,000.0050,000.001,800,000.0070,000.000.02,632,000.00

Corporate Gifts0.00.00.00.00.00.00.00.00.00.00.0120,000.00120,000.00

Call Center0.00.00.00.00.00.00.03,500,000.000.00.00.00.03,500,000.00

Depreciation - Office furniture & equipment100,000.000.00.00.00.00.00.00.00.00.00.00.0100,000.00

Depreciation - Office Equipment200,000.000.00.00.00.00.00.00.00.00.00.00.0200,000.00

Depreciation - Computer equipment170,000.000.00.00.00.00.00.00.00.00.00.00.0170,000.00

Depreciation - Motor Vehicles36,000.000.00.00.00.00.00.00.00.00.00.00.036,000.00

Depreciation - Library Materials0.00.00.00.00.00.00.00.00.00.00.00.00.0

Depreciation - Buildings1,159,000.000.00.00.00.00.00.00.00.00.00.00.01,159,000.00

Amortisation - Software920,000.000.00.00.00.00.00.00.00.00.00.00.0920,000.00

Amortisation - Intellectual Property168,000.000.00.00.00.00.00.00.00.00.00.00.0168,000.00

0.0

Other operating expense0.00.00.00.00.01,551,000.000.00.00.00.00.00.01,551,000.00

Disciplinary costs0.00.00.00.00.01,241,000.000.00.00.00.00.00.01,241,000.00

Legal Costs0.00.00.00.00.0310,000.000.00.00.00.00.00.0310,000.00

0.0

Staff costs12,587,773.543,187,655.132,511,655.326,433,507.322,032,016.2814,352,715.855,399,480.612,702,872.522,224,832.704,864,619.395,334,872.612,485,248.7464,117,250.01

Salaries and Wages8,035,504.871,710,789.501,835,344.465,292,885.661,398,601.5210,390,942.883,267,573.332,066,241.291,436,024.793,959,651.373,710,371.001,832,625.8844,936,556.55

Overtime Expenses36,720.000.00.00.00.00.0128,400.000.061,252.150.00.00.0226,372.15

Annual Bonus523,561.60142,565.7961,299.34441,073.8063,676.27696,323.91202,037.25172,186.77114,588.33329,970.95216,075.55143,533.533,106,893.09

Performance awards306,123.2666,772.0861,259.89156,914.8149,561.37350,066.24128,562.9465,923.7252,770.26118,649.25130,118.8460,615.821,547,338.48

Long Service Awards250,000.000.00.00.00.00.00.00.00.00.00.0250,000.00

Car Allowance342,672.000.0162,840.000.0158,621.59242,270.660.00.00.00.00.00.0906,404.25

Pension Fund Contributions2,056,244.42143,770.58340,696.69460,013.10261,019.631,744,193.52861,985.84266,279.98342,359.17319,555.00924,367.64281,077.118,001,562.68

U.I.F Contributions39,138.528,423.506,317.6310,529.385,978.6438,652.9822,166.6311,957.277,406.5312,296.2615,491.0411,078.50189,436.88

Medical Aid Contributions1,157,845.01651,465.3825,107.7038,174.1180,169.43788,695.70753,068.1695,109.84195,955.5698,120.16302,971.08133,837.204,320,519.33

Skills Development Levies89,963.8613,868.3018,789.6133,916.4614,387.83101,569.9635,686.4625,173.6514,475.9126,376.4035,477.4622,480.70432,166.60

Recruitment and Selection0.0200,000.000.00.00.00.00.00.00.00.00.00.0200,000.00

Leave Pay0.00.00.00.00.00.00.00.00.00.00.00.00.0

Board Members Remuneration0.00.01,710,000.000.00.00.00.00.00.00.00.00.01,710,000.00

Travelling Allowance0.070,000.000.00.00.00.00.00.00.00.00.070,000.00

Board Members Remuneration0.01,620,000.000.00.00.00.00.00.00.00.00.01,620,000.00

Skills Development Levy0.020,000.000.00.00.00.00.00.00.00.00.020,000.00

ARELLO Conference Costs0.00.00.00.00.00.00.00.00.00.00.00.00.0

Venues, Conferences and Breakways (Mar & Com)0.00.00.00.00.00.00.00.00.00.00.00.00.0

Two Day Conferencing0.00.00.00.00.00.00.00.00.00.00.00.00.0

Entertainment and Gifts0.00.00.00.00.00.00.00.00.00.00.00.00.0

PR and Advertising0.00.00.00.00.00.00.00.00.00.00.00.00.0

Travelling and Accommodation0.00.00.00.00.00.00.00.00.00.00.00.00.0

Event Management0.00.00.00.00.00.00.00.00.00.00.00.00.0

Exhibition Stand Construction0.00.00.00.00.00.00.00.00.00.00.00.00.0

Branding and Collateral0.00.00.00.00.00.00.00.00.00.00.00.00.0

0.0

Total Operaring Costs24,021,073.543,710,655.135,823,655.328,135,507.325,132,016.2816,576,715.855,558,480.616,386,872.522,328,832.707,052,619.397,294,872.614,993,248.7497,014,550.01

(226.46)249,655.13(344.68)(492.68)(983.72)(284.15)(519.39)2,872.52(167.30)(380.61)(127.39)248.74

Capital Expendirure0.0

emptyempty0.00.00.00.00.00.00.00.0

Office Furniture & Equipment0.0

Office Equipment0.0

Software0.0

Intellictual Property - Education Materials0.0

Computers0.0

Motor Vehicles0.0

Library Material0.0

Land and Buildings0.0

0.0

Total Opex & Capex

Administration53,209,780.11

Compliance31,516,648.55

Education and Training12,288,121.35

Fidelity Fund

97,014,550.01

Joseph Sakoneka:100 000 transferred to Audit compliance - 2013

Budget before virement: 110 795.21 add R70 000 virement from HUMBudget after virement: R180 795.21

CONSOL-TOTAL

EXPENDITURE ESTIMATES - TOTAL

PROGRAMMEAUDITED OUTCOMEPROJECTEDMTEF

2011/122012/132013/142014/152015/162016/17

ADMINISTRATION29,10838,86041,20753,21056,82760,805

COMPLIANCE25,7283,4263,66631,51733,72336,083

EDUCATION & TRAINING7,7796,0476,47012,28813,14814,069

62,61548,33351,34397,015103,699110,957

97,015103,692110,950

Fidelity Fund67,62972,36377,428

164,644176,062188,385

CONSOL - PRGM



COMPLIANCE PROGRAMEDUCATION & TRAINING PROGRAMADMINISTRATION PROGRAMTOTAL

Operating costs31,516,648.5512,288,121.3553,209,780.1197,014,550.01

Admin expense3,124,000.004,468,000.0022,044,300.0029,636,300.00

Venue Hire0.0200,000.000.0200,000.00

COS - NQF 40.0540,000.000.0540,000.00

Invigilators's Fees0.0560,000.000.0560,000.00

Venues, Conferences and Breakaways155,000.00800,000.00120,000.001,075,000.00

Staff Training and development246,000.0086,000.00628,000.00960,000.00

Corporate Social Investments0.090,000.000.090,000.00

Bursaries (MAR) (Mar & Com)0.020,000.000.020,000.00

Bursaries150,000.0020,000.00180,000.00350,000.00

Software License0.00.0550,000.00550,000.00

Hardware Maintenance0.00.0100,000.00100,000.00

Software Maintenance0.00.0765,000.00765,000.00

Publication and Communication30,000.001,125,000.000.01,155,000.00

Insurance0.00.0670,200.00670,200.00

Postages18,000.000.01,099,000.001,117,000.00

Stationery and Printing0.0100,000.00854,000.00954,000.00

Travelling expenses560,000.00250,000.001,600,000.002,410,000.00

Bank Charge0.00.0520,000.00520,000.00

Auditors Remuneration - Current Year0.00.01,100,000.001,100,000.00

Internal Audit Fees0.00.0600,000.00600,000.00

Forensic Audit Fees0.00.00.00.0

Telephone and Telex44,000.0028,000.001,898,000.001,970,000.00

Photo-copier charges0.00.0250,000.00250,000.00

Entertainment0.00.050,000.0050,000.00

Catering and Refreshments0.00.0456,000.00456,000.00

Nestle Equipment Rentals0.00.05,600.005,600.00

Garden and Plant Maintenance0.00.0140,000.00140,000.00

Subscriptions71,000.009,000.00118,000.00198,000.00

Office Cleaning0.00.0345,000.00345,000.00

Rates and Taxes Office Building0.00.0650,000.00650,000.00

Repairs and Maintenance Buidling0.00.0800,000.00800,000.00

Security Costs0.00.0678,500.00678,500.00

Water and Electricity0.00.0585,000.00585,000.00

Licencing and Insurance0.00.02,000.002,000.00

Repairs and Maintenance Vehicle0.00.035,000.0035,000.00

Repairs & Maintenance Furniture & Equipment0.00.070,000.0070,000.00

Promotion and Marketing0.0450,000.000.0450,000.00

Advertising0.00.0210,000.00210,000.00

Consultants Fees1,850,000.0070,000.00712,000.002,632,000.00

Corporate Gifts0.0120,000.000.0120,000.00

Call Center0.00.03,500,000.003,500,000.00

Depreciation - Office furniture & equipment0.00.0100,000.00100,000.00

Depreciation - Office Equipment0.00.0200,000.00200,000.00

Depreciation - Computer equipment0.00.0170,000.00170,000.00

Depreciation - Motor Vehicles0.00.036,000.0036,000.00

Depreciation - Library Materials0.00.00.00.0

Depreciation - Buildings0.00.01,159,000.001,159,000.00

Amortisation - Software0.00.0920,000.00920,000.00

Amortisation - Intellectual Property0.00.0168,000.00168,000.00

0.0

Other operating expense1,551,000.000.00.01,551,000.00

Disciplinary costs1,241,000.000.00.01,241,000.00

Legal Costs310,000.000.00.0310,000.00

0.0

Staff costs26,841,648.557,820,121.3529,455,480.1164,117,250.01

Salaries and Wages19,054,192.375,542,996.8820,339,367.3044,936,556.55

Overtime Expenses189,652.150.036,720.00226,372.15

Annual Bonus1,342,920.44359,609.081,404,363.573,106,893.09

Performance awards650,048.69190,734.66706,555.131,547,338.48

Long Service Awards0.00.0250,000.00250,000.00

Car Allowance242,270.660.0664,133.59906,404.25

Pension Fund Contributions3,268,093.531,205,444.753,528,024.408,001,562.68

U.I.F Contributions80,522.4026,569.5482,344.94189,436.88

Medical Aid Contributions1,835,839.58436,808.282,047,871.474,320,519.33

Skills Development Levies178,108.7357,958.16196,099.71432,166.60

Recruitment and Selection0.00.0200,000.00200,000.00

Board Members Remuneration0.00.01,710,000.001,710,000.00

Travelling Allowance0.070,000.0070,000.00

Board Members Remuneration0.01,620,000.001,620,000.00

Skills Development Levy0.020,000.0020,000.00

ARELLO Conference Costs0.00.00.00.0

Venues, Conferences and Breakways (Mar & Com)0.00.00.00.0

Two Day Conferencing0.00.00.00.0

Entertainment and Gifts0.00.00.00.0

PR and Advertising0.00.00.00.0

Travelling and Accommodation0.00.00.00.0

Event Management0.00.00.00.0

Exhibition Stand Construction0.00.00.00.0

Branding and Collateral0.00.00.00.0

0.0

Total Operaring Costs31,516,648.5512,288,121.3553,209,780.1197,014,550.01

7,495,348.558,827,121.3547,385,780.11

Capital Expendirure0.0

emptyempty0.00.00.00.0

Office Furniture & Equipment0.0

Office Equipment0.0

Software0.0

Intellictual Property - Education Materials0.0

Computers0.0

Motor Vehicles0.0

Library Material0.0

Land and Buildings0.0

0.0

Total Opex & Capex

Administration53,209,780.11

Compliance31,516,648.55

Education and Training12,288,121.35

Fidelity Fund

97,014,550.01


CONSOL-ADMIN



FADHRMSECCEOIRMCRMTOTAL

Operating costs24,021,073.543,710,655.135,823,655.328,135,507.325,132,016.286,386,872.5253,209,780.11

Admin expense11,433,300.00523,000.001,602,000.001,702,000.003,100,000.003,684,000.0022,044,300.00

Venues, Conferences and Breakaways0.00.00.0120,000.000.00.0120,000.00

Staff Training and development168,000.00200,000.00160,000.0050,000.000.050,000.00628,000.00

Bursaries140,000.0020,000.000.00.00.020,000.00180,000.00

Software License0.00.00.00.0550,000.000.0550,000.00

Hardware Maintenance0.00.00.00.0100,000.000.0100,000.00

Software Maintenance15,000.000.00.00.0750,000.000.0765,000.00

Insurance625,200.000.045,000.000.00.00.0670,200.00

Postages1,099,000.000.00.00.00.00.01,099,000.00

Stationery and Printing854,000.000.00.00.00.00.0854,000.00

Travelling expenses50,000.000.0900,000.00650,000.000.00.01,600,000.00

Bank Charge520,000.000.00.00.00.00.0520,000.00

Auditors Remuneration - Current Year1,100,000.000.00.00.00.00.01,100,000.00

Internal Audit Fees0.00.00.0600,000.000.00.0600,000.00

Telephone and Telex42,000.008,000.0080,000.0060,000.001,700,000.008,000.001,898,000.00

Photo-copier charges250,000.000.00.00.00.00.0250,000.00

Entertainment0.050,000.000.00.00.00.050,000.00

Catering and Refreshments212,000.0044,000.00130,000.0070,000.000.00.0456,000.00

Nestle Equipment Rentals5,600.000.00.00.00.00.05,600.00

Garden and Plant Maintenance140,000.000.00.00.00.00.0140,000.00

Subscriptions24,000.001,000.0035,000.0052,000.000.06,000.00118,000.00

Office Cleaning345,000.000.00.00.00.00.0345,000.00

Rates and Taxes Office Building650,000.000.00.00.00.00.0650,000.00

Repairs and Maintenance Buidling800,000.000.00.00.00.00.0800,000.00

Security Costs678,500.000.00.00.00.00.0678,500.00

Water and Electricity585,000.000.00.00.00.00.0585,000.00

Licencing and Insurance2,000.000.00.00.00.00.02,000.00

Repairs and Maintenance Vehicle35,000.000.00.00.00.00.035,000.00

Repairs & Maintenance Furniture & Equipment70,000.000.00.00.00.00.070,000.00

Promotion and Marketing0.00.00.00.00.00.00.0

Advertising210,000.000.00.00.00.00.0210,000.00

Consultants Fees60,000.00200,000.00252,000.00100,000.000.0100,000.00712,000.00

Corporate Gifts0.00.00.00.00.00.00.0

Call Center0.00.00.00.00.03,500,000.003,500,000.00

Depreciation - Office furniture & equipment100,000.000.00.00.00.00.0100,000.00

Depreciation - Office Equipment200,000.000.00.00.00.00.0200,000.00

Depreciation - Computer equipment170,000.000.00.00.00.00.0170,000.00

Depreciation - Motor Vehicles36,000.000.00.00.00.00.036,000.00

Depreciation - Library Materials0.00.00.00.00.00.00.0

Depreciation - Buildings1,159,000.000.00.00.00.00.01,159,000.00

Amortisation - Software920,000.000.00.00.00.00.0920,000.00

Amortisation - Intellectual Property168,000.000.00.00.00.00.0168,000.00

0.0

Other operating expense0.00.00.00.00.00.00.0

Disciplinary costs0.00.00.00.00.00.00.0

Legal Costs0.00.00.00.00.00.00.0

0.0

Staff costs12,587,773.543,187,655.132,511,655.326,433,507.322,032,016.282,702,872.5229,455,480.11

Salaries and Wages8,035,504.871,710,789.501,835,344.465,292,885.661,398,601.522,066,241.2920,339,367.30

Overtime Expenses36,720.000.00.00.00.00.036,720.00

Annual Bonus523,561.60142,565.7961,299.34441,073.8063,676.27172,186.771,404,363.57

Performance awards306,123.2666,772.0861,259.89156,914.8149,561.3765,923.72706,555.13

Long Service Awards250,000.000.00.00.00.0250,000.00

Car Allowance342,672.000.0162,840.000.0158,621.590.0664,133.59

Pension Fund Contributions2,056,244.42143,770.58340,696.69460,013.10261,019.63266,279.983,528,024.40

U.I.F Contributions39,138.528,423.506,317.6310,529.385,978.6411,957.2782,344.94

Medical Aid Contributions1,157,845.01651,465.3825,107.7038,174.1180,169.4395,109.842,047,871.47

Skills Development Levies89,963.8613,868.3018,789.6133,916.4614,387.8325,173.65196,099.71

Recruitment and Selection0.0200,000.000.00.00.00.0200,000.00

Leave Pay0.00.00.00.00.00.00.0

Board Members Remuneration0.00.01,710,000.000.00.00.01,710,000.00

Travelling Allowance0.070,000.000.00.00.070,000.00

Board Members Remuneration0.01,620,000.000.00.00.01,620,000.00

Skills Development Levy0.020,000.000.00.00.020,000.00

ARELLO Conference Costs0.00.00.00.00.00.00.0

Venues, Conferences and Breakways (Mar & Com)0.00.00.00.00.00.00.0

Two Day Conferencing0.00.00.00.00.00.00.0

Entertainment and Gifts0.00.00.00.00.00.00.0

PR and Advertising0.00.00.00.00.00.00.0

Travelling and Accommodation0.00.00.00.00.00.00.0

Event Management0.00.00.00.00.00.00.0

Exhibition Stand Construction0.00.00.00.00.00.00.0

Branding and Collateral0.00.00.00.00.00.00.0

0.0

Total Operaring Costs24,021,073.543,710,655.135,823,655.328,135,507.325,132,016.286,386,872.5253,209,780.11


Joseph Sakoneka:100 000 transferred to Audit compliance - 2013

CONSOL-COM



COMPLIANCEREGISTRATIONSAUDIT COMPLIANCEINSPECTIONSTOTAL

Operating costs16,576,715.855,558,480.612,328,832.707,052,619.3931,516,648.55

Admin expense673,000.00159,000.00104,000.002,188,000.003,124,000.00

Venues, Conferences and Breakaways155,000.000.00.00.0155,000.00

Staff Training and development95,000.0071,000.0020,000.0060,000.00246,000.00

Bursaries60,000.0050,000.0020,000.0020,000.00150,000.00

Publication and Communication30,000.000.00.00.030,000.00

Postages18,000.000.00.00.018,000.00

Travelling expenses230,000.0030,000.000.0300,000.00560,000.00

Telephone and Telex20,000.008,000.008,000.008,000.0044,000.00

Catering and Refreshments0.00.00.00.00.0

Subscriptions65,000.000.06,000.000.071,000.00

Consultants Fees0.00.050,000.001,800,000.001,850,000.00

0.0

Other operating expense1,551,000.000.00.00.01,551,000.00

Disciplinary costs1,241,000.000.00.00.01,241,000.00

Legal Costs310,000.000.00.00.0310,000.00

0.0

Staff costs14,352,715.855,399,480.612,224,832.704,864,619.3926,841,648.55

Salaries and Wages10,390,942.883,267,573.331,436,024.793,959,651.3719,054,192.37

Overtime Expenses0.0128,400.0061,252.150.0189,652.15

Annual Bonus696,323.91202,037.25114,588.33329,970.951,342,920.44

Performance awards350,066.24128,562.9452,770.26118,649.25650,048.69

Long Service Awards0.00.00.00.00.0

Car Allowance242,270.660.00.00.0242,270.66

Pension Fund Contributions1,744,193.52861,985.84342,359.17319,555.003,268,093.53

U.I.F Contributions38,652.9822,166.637,406.5312,296.2680,522.40

Medical Aid Contributions788,695.70753,068.16195,955.5698,120.161,835,839.58

Skills Development Levies101,569.9635,686.4614,475.9126,376.40178,108.73

Total Operaring Costs16,576,715.855,558,480.612,328,832.707,052,619.3931,516,648.55

CONSOL-EDU



EDUMARTOTAL

Operating costs5,334,872.614,193,248.7411,488,121.35

Admin expense1,960,000.001,708,000.003,668,000.00

Venue Hire200,000.000.0200,000.00

COS - NQF 4540,000.000.0540,000.00

Invigilators's Fees560,000.000.0560,000.00

Staff Training and development50,000.0036,000.0086,000.00

Corporate Social Investments0.090,000.0090,000.00

Bursaries (MAR) (Mar & Com)0.020,000.0020,000.00

Bursaries20,000.000.020,000.00

Publication and Communication0.01,125,000.001,125,000.00

Postages0.00.00.0

Stationery and Printing100,000.000.0100,000.00

Travelling expenses250,000.000.0250,000.00

Telephone and Telex20,000.008,000.0028,000.00

Catering and Refreshments0.00.00.0

Subscriptions0.09,000.009,000.00

Promotion and Marketing150,000.00300,000.00450,000.00

Consultants Fees70,000.000.070,000.00

Corporate Gifts0.0120,000.00120,000.00

0.0

Staff costs5,334,872.612,485,248.747,820,121.35

Salaries and Wages3,710,371.001,832,625.885,542,996.88

Annual Bonus216,075.55143,533.53359,609.08

Performance awards130,118.8460,615.82190,734.66

Pension Fund Contributions924,367.64281,077.111,205,444.75

U.I.F Contributions15,491.0411,078.5026,569.54

Medical Aid Contributions302,971.08133,837.20436,808.28

Skills Development Levies35,477.4622,480.7057,958.16

Total Operaring Costs5,334,872.614,193,248.749,528,121.35

Total

0.00

Mar YTDMar YTDMar YTDMar YTDemptyemptyemptyAug YTDAug YTDAug YTDAug YTDemptyemptyemptyMar YTDMar YTDMar YTDAug YTDTotal MonthAug YTD

ActualPO BudgetVarianceVariance %emptyemptyemptyActualPO BudgetVarianceVariance %emptyemptyemptyActualPO BudgetVarianceForecastPO BudgetBudget Balance

REPORT SELECTION CRITERIAREPORT SELECTION CRITERIAREPORT SELECTION CRITERIA

Department0Department0Department

Fiscal Year0Fiscal Year0Fiscal Year

Month0Month0Month


Variance Report for the period 1 April 2011 to 31 May 2011Department : Total DepartmentDepartment : Total Department

31 MARCH 2011AUGUST 2011 (YTD)2010/112011/122012/132013/142014/15

ActualBudgetVarianceVariance %ActualBudgetVarianceVariance %ActualBudgetVarianceForecastBudgetBudgetBudgetBudget

empty

Operating costsOperating costs63,957,37161,855,726-2,101,645(3.40%)20,301,61628,390,8768,089,25928.49%50,347,11161,855,72611,508,61560,691,90465,866,30176,151,94281,482,57887,186,35997,014,550Note

empty0

610000 - Admin expenseAdmin expense117,829,47324,767,1076,937,63428.01%8,873,49713,031,0734,157,57631.91%17,829,47324,767,1076,937,63427,168,70629,002,77531,032,97033,205,27835,529,647Note

722013 - Venue HireVenue Hire20.00.00.00.00%215,925133,333-82,592(61.94%)0.00.00.0400,000400,000428,000457,960490,01720,862,608Note

741009 - COS - NQF 4COS - NQF 4324,946266,944-58,002(21.73%)109,751458,333348,58276.05%324,946266,944-58,002110,0001,100,0001,177,0001,259,3901,347,547

513000 - Invigilators's FeesInvigilators's Fees058990,00089,41199.35%0.0172,000172,0000.00%58990,00089,411516,000516,000552,120590,768632,1220

615700 - Venues, Conferences and BreakawaysVenues, Conferences and Breakaways0105,015620,900515,88583.09%26,117711,154685,03896.33%105,015620,900515,8851,021,7321,706,7701,826,2441,954,0812,090,867Note

614060 - Staff Training and developmentStaff Training and development0317,215788,441471,22659.77%114,939397,125282,18671.06%317,215788,441471,226670,914953,1001,019,8171,091,2041,167,588Note

614080 - Corporate Social InvestmentsCorporate Social Investments00.055,00055,0000.00%0.00.00.00.00%0.055,00055,000100,000100,000107,000114,490122,5040

614085 - Bursaries (MAR)Bursaries (MAR) (Mar & Com)20,00020,00000.00%0.014,58314,5830.00%20,00020,000020,41735,00037,45040,07242,877

614085 - BursariesBursaries0224,450213,000-11,450(5.38%)61,131129,16768,03552.67%224,450213,000-11,450241,965310,000331,700354,919379,763Note

615115 - Software LicenseSoftware License0569,112538,695-30,417(5.65%)93,785110,00016,21514.74%569,112538,695-30,417247,785264,000282,480302,254323,4110

615120 - Hardware MaintenanceHardware Maintenance08,220204,000195,78095.97%70720,83320,12796.61%8,220204,000195,78029,87350,00053,50057,24561,252Note

615125 - Software MaintenanceSoftware Maintenance0337,899415,70677,80718.72%318,273221,667-96,606(43.58%)337,899415,70677,807628,606532,000569,240609,087651,723Note

616157 - Publication and CommunicationPublication and Communication0623,9782,035,0121,411,03469.34%664,152465,936-198,216(42.54%)623,9782,035,0121,411,0341,316,4621,118,2451,196,5231,280,2791,369,899Note

617200 - InsuranceInsurance0280,110355,07874,96821.11%87,374126,25038,87630.79%280,110355,07874,968264,124303,000324,210346,905371,188Note

617210 - PostagesPostages0663,5191,233,854570,33546.22%319,528516,667197,13838.16%663,5191,233,854570,3351,240,0001,240,0001,326,8001,419,6761,519,053Note

617220 - Stationery and PrintingStationery and Printing0525,792552,54926,7574.84%280,777354,16773,39020.72%525,792552,54926,757850,000850,000909,500973,1651,041,287Note

617221 - Travelling expensesTravelling expenses01,239,5521,633,830394,27824.13%403,202672,042268,83940.00%1,239,5521,633,830394,2781,612,9001,612,9001,725,8031,846,6091,975,872Note

617225 - Bank ChargeBank Charge0269,189697,186427,99761.39%87,629125,00037,37129.90%269,189697,186427,997262,629300,000321,000343,470367,513Note

617228 - Interest paidInterest paid83,59268,381-15,211(22.24%)18,81140,00021,18952.97%83,59268,381-15,21174,81196,000102,720109,910117,604

617230 - Auditors Remuneration - Current YearAuditors Remuneration - Current Year0941,250822,463-118,787(14.44%)1,166,1241,000,000-166,124(16.61%)941,250822,463-118,7871,166,1241,000,0001,070,0001,144,9001,225,043Note

617233 - Internal Audit FeesInternal Audit Fees0776,044900,000123,95613.77%99,903500,000400,09780.02%776,044900,000123,9561,200,0001,200,0001,284,0001,373,8801,470,052Note

617234 - Forensic Audit FeesForensic Audit Fees0.0350,000350,0000.00%570,0000.0-570,0000.00%0.0350,000350,000570,0000.00.00.00.0

617235 - Telephone and TelexTelephone and Telex01,035,6591,096,08760,4285.51%331,245539,167207,92138.56%1,035,6591,096,08760,4281,294,0001,294,0001,384,5801,481,5011,585,206Note

617245 - Photo-copier chargesPhoto-copier charges045,71494,65148,93751.70%21,10841,66720,55949.34%45,71494,65148,93779,441100,000107,000114,490122,504Note

617255 - EntertainmentEntertainment0112,580145,50032,92022.63%29,67246,12516,45335.67%112,580145,50032,92094,247110,700118,449126,740135,612Note

617256 - Catering and RefreshmentsCatering and Refreshments0194,185303,485109,30036.02%157,292151,833-5,459(3.60%)194,185303,485109,300369,859364,400389,908417,202446,4060

617257 - Nestle Equipment RentalsNestle Equipment Rentals04,0324,53049811.00%1,3921,87548325.77%4,0324,5304984,0174,5004,8155,1525,513Note

617260 - Garden and Plant MaintenanceGarden and Plant Maintenance055,03944,518-10,521(23.63%)18,90922,5003,59115.96%55,03944,518-10,52150,40954,00057,78061,82566,152Note

617261 - SubscriptionsSubscriptions053,38846,641-6,747(14.47%)15,16234,62519,46356.21%53,38846,641-6,74763,63783,10088,91795,141101,801Note

618300 - Office CleaningOffice Cleaning0220,398271,13850,74018.71%75,879116,66740,78834.96%220,398271,13850,740239,212280,000299,600320,572343,012Note

618303 - Rates and Taxes Office BuildingRates and Taxes Office Building095,856274,839178,98365.12%33,355112,50079,14570.35%95,856274,839178,983190,855270,000288,900309,123330,762Note

618305 - Repairs and Maintenance BuidlingRepairs and Maintenance Buidling093,297106,43413,13712.34%7,413883,333875,92199.16%93,297106,43413,1372,120,0002,120,0002,268,4002,427,1882,597,091Note

618310 - Security CostsSecurity Costs0355,098366,34911,2513.07%122,975150,00027,02518.02%355,098366,34911,251332,975360,000385,200412,164441,015Note

618315 - Water and ElectricityWater and Electricity0276,003297,71921,7167.29%113,321133,75020,42915.27%276,003297,71921,716300,571321,000343,470367,513393,239Note

619350 - Licencing and InsuranceLicencing and Insurance00.01,8901,8900.00%48,750708-48,042(6782.19%)0.01,8901,89049,7421,7001,8191,9462,083Note

619355 - Repairs and Maintenance VehicleRepairs and Maintenance Vehicle017,13429,23412,10041.39%6,31212,5006,18849.50%17,13429,23412,10023,81230,00032,10034,34736,751Note

619358 - Repairs & Maintenance Furniture & EquipmentRepairs & Maintenance Furniture & Equipment061,67765,7984,1216.26%6,10525,00018,89575.58%61,67765,7984,12141,10560,00064,20068,69473,503Note

610405 - Promotion and MarketingPromotion and Marketing015,390562,057546,66797.26%68,878766,667697,78991.02%15,390562,057546,6671,840,0001,840,0001,968,8002,106,6162,254,079Note

610410 - AdvertisingAdvertising08,8880.0-8,8880.00%152,72887,083-65,645(75.38%)8,8880.0-8,888274,645209,000223,630239,284256,034Note

611450 - Consultants FeesConsultants Fees01,624,9792,614,100989,12137.84%566,411991,667425,25542.88%1,624,9792,614,100989,1212,380,0002,380,0002,546,6002,724,8622,915,602Note

611470 - Corporate GiftsCorporate Gifts070,97764,224-6,753(10.51%)2,3600.0-2,3600.00%70,97764,224-6,75372,36070,00074,90080,14385,7530

611475 - Call CenterCall Center02,692,2242,763,73671,5122.59%1,164,4041,458,333293,93020.16%2,692,2242,763,73671,5123,206,0703,500,0003,745,0004,007,1504,287,651Note

611490 - Depreciation - Office furniture & EquipmentDepreciation - Office furniture & equipment0205,764202,930-2,834(1.40%)68,83986,25017,41120.19%205,764202,930-2,834189,589207,000221,490236,994253,584

611493 - Depreciation - Office EquipmentDepreciation - Office Equipment260,151153,918-106,233(69.02%)71,743106,25034,50732.48%260,151153,918-106,233220,493255,000272,850291,950312,386

611495 - Depreciation - Computer EquipmentDepreciation - Computer equipment366,111232,597-133,514(57.40%)99,114152,91753,80235.18%366,111232,597-133,514313,198367,000392,690420,178449,591

611500 - Depreciation - Motor VehiclesDepreciation - Motor Vehicles41,19472,00030,80642.79%13,82217,5003,67821.02%41,19472,00030,80638,32242,00044,94048,08651,452

611505 - Depreciation - Library MaterialsDepreciation - Library Materials352218-134(61.39%)015015099.99%352218-134210360385412441

611510 - Depreciation - BuildingsDepreciation - Buildings364,199427,28963,09014.77%0.0182,083182,0830.00%364,199427,28963,090254,917437,000467,590500,321535,344

611515 - Amortisation - SoftwareAmortisation - Software585,351655,99370,64210.77%204,806231,25026,44411.44%585,351655,99370,642528,556555,000593,850635,420679,899

611516 - Amortisation - Intellectual PropertyAmortisation - Intellectual Property156,3670.0-156,3670.00%52,1220.0-52,1220.00%156,3670.0-156,36752,1220.00.00.00.0

0

630000 - Other operating expenseOther operating expense578,666800,000221,33427.67%120,312420,000299,68871.35%578,666800,000221,3341,008,0001,008,0001,078,5601,154,0591,234,843Note

636155 - Disciplinary costsDisciplinary costs0522,984564,94541,9617.43%120,312315,833195,52261.91%522,984564,94541,961758,000758,000811,060867,834928,583Note

637205 - Legal CostsLegal Costs049,198235,055185,85779.07%0.0104,167104,1670.00%49,198235,055185,857250,000250,000267,500286,225306,2600

empty00

660000 - Staff costsStaff costs043,895,07032,877,295-11,017,775(33.51%)10,521,75314,116,4703,594,71725.46%30,284,80932,877,2952,592,48630,284,80933,879,52641,926,09344,860,92048,001,184Note

664030 - Salaries and WagesSalaries and Wages18,912,23520,001,7981,089,5635.45%7,033,2028,241,4881,208,28614.66%18,912,23520,001,7981,089,56318,571,28519,779,57126,839,14128,717,88030,728,1320

664033 - Overtime ExpensesOvertime Expenses64,03834,000-30,038(88.35%)37,47043,7506,28014.35%64,03834,000-30,03898,720105,000112,350120,215128,6300

664100 - Annual BonusAnnual Bonus1,641,7852,439,410797,62532.70%533,1161,057,078523,96349.57%1,641,7852,439,410797,6252,013,0252,536,9882,714,5772,904,5973,107,919Note

614075 - Performance awardsPerformance awards0.0516,368516,3680.00%0.00.00.00.00%0.0516,368516,3680.00.00.00.0

664033 - Overtime Expenses (HUM)Overtime Expenses (HUM)0.00.00.00.00%0.00.00.00.00%0.00.00.00.00.00.00.00.0

664035 - Car AllowanceCar Allowance618,5212,086,5281,468,00770.36%77,500990,058912,55892.17%618,5212,086,5281,468,0071,463,5802,376,1382,542,4682,720,4402,910,871Note

664040 - Pension Fund ContributionsPension Fund Contributions4,124,8644,435,382310,5187.00%1,457,3642,104,589647,22530.75%4,124,8644,435,382310,5184,403,7895,051,0145,404,5855,782,9066,187,709Note

664045 - U.I.F ContributionsU.I.F Contributions99,569100,3878180.82%36,10347,63411,53024.21%99,569100,387818102,791114,321122,323130,886140,048Note

664050 - Medical Aid ContributionsMedical Aid Contributions2,269,0232,458,156189,1337.69%878,3941,166,395288,00124.69%2,269,0232,458,156189,1332,511,3472,799

Estate Agency Affairs Board 2014/15 -2016/17 ANNUAL PERFORMANCE PLAN

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Transcript of Estate Agency Affairs Board 2014/15 -2016/17 ANNUAL PERFORMANCE PLAN