AGM presentation 18 Sep 2013AGM presentation 18 Sep 2013 11
Audit Opinion
Auditor-General issued an Unqualified Audit Report
Financial Statements are not materially
misstated Opinion is not given on Performance Information Improvement from last year as there was a
material adjustment with regards to commitments
AGM presentation 18 Sep 2013AGM presentation 18 Sep 201322
Employers info – March 2013R18,355 (2012:18,108) registered employers
5,068 (2012: 4,818) employers paying SDL levy - Total levies received R223,1M (2012:R206,1M)
Applications received by 30 June 2012 (for 2013):WSP’s =1,835 (2012: 1,755)Total amount paid towards Mandatory Grants –
R99.9M (2012: R87.9M)–Payout is 72%
AGM presentation 18 Sep 2013AGM presentation 18 Sep 2013 33
Levy Growth
AGM presentation 15 Sep 2010AGM presentation 15 Sep 2010 44
Levies AnalysisYear Amount R’000 Percentage Growth
%
2009 142 607
8.41%
2010 161 524
13.26%
2011 172 372
6.71%
2012 206 026
19.52%
2013 223 180 8.32%
AGM presentation 15 Sep 2010AGM presentation 15 Sep 2010 55
Project Grant Expenditure March 2013Total project spend: R104.0M (2012:R89.8M) 16%
increase Top 10 projects on spending 71% of total
Project Expenditure
66
Name R-Millions
P4 Learnerships 18.2 R14.9M
P.7 Learnerships 18.1 R11.0M
P4 Interns R10.5M
P7 Commodity Organizations R7.5M
NSFAS R7.3M
P12 CEO/TLS R6.0M
P4 Bursaries R4.5M
P4&P7 Skills Delivery Administration R4.4M
P7 Skills Programmes 18.1 R4.2M
4,1 Workers Programmes R3.7M
Statement of Financial Performance March 2013INCOME 2012/13
R’0002011/12
R’000%
Movement
Levies, penalties & interest 225,542 207,896 8.48%
NSF & special projects income 15,474 2,517 500.15%
Investment and other income 8,480 8,672 (2.21%)
Total249,496
219,085 13.88%
AGM presentation 18 Sep 2013AGM presentation 18 Sep 2013 77
Statement of Financial Performance March 2013
EXPENSES 2012/13 R’000
2011/12 R’000
% Move
Employer grant Discretionary >Paid Movement in Accrual
99,892
101,4172,598
87,904
88,8521,046
13.64%
14.14%148.37%
Admin expenses 28,024 24,817 12.92%
NSF & Special project expenses
15,474
2,517 500.15%
Total 247,415 205,136 20.61%
Net Surplus/(Deficit): 2,081 13,949 (85.05%)
88
Statement of Financial Position March 2013
ASSETS 2012/13R’000
2011/12R’000
% Move
Property Plant & Equipment 4,627 4,608 0.40%
Intangible assetsReceivables
1610,780
463,498
(65%)200.08%
Cash and Bank 173,437 175,738 (1.30%)
Total 188,860 183,890 2.70%
AGM presentation 18 Sep 2013AGM presentation 18 Sep 2013 99
Statement of Financial Position March 2013EQUITY & LIABILITIES 2012/13
R’0002011/
12R’000
% Move
Grant and Other Reserves 116,419114,33
9 1.81%
Capitalisation reserve 3,107 3,107 0%
Payable & Provisions 67,572 65,934 2.48%
Grants & Donor Funding 1,762 510 245.49%
Total 188,860 183,890
2.70%
AGM presentation 18 Sep 2013AGM presentation 18 Sep 2013
Discretionary Reserve
AGM presentation 18 Sep 2013AGM presentation 18 Sep 2013
Year Discretionary Reserve
Approved By Board
Contracted
2012/13 R115,15M R108,18M R77,20M
2011/12 R113.09M R 101.24M R 57.65M
% Movement
1.82% 6.41% 33.91
Allocation of Discretionary Allocation of Discretionary ReservesReserves
Cash Flow Statement –Summary March 2013
1212
Cash Flow Statement 2012/13R’000
2011/12R’000
Net Cash Outflow from operating Activities (2,063) 28,799
(107.16%)
Cash Outflow from Investing Activities (169) (519) (67.43%)
Net Decrease in Cash and Cash Equivalents (2,301) 28,280
(108.14%)
Opening Cash Balance 175,738 147,458 19.18%
Total 173,437 175,738 (1.30%)
Conclusion
1313
Questions?
Conclusion
Thank You
1414
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