agriseta afs for the year ended 31 march 2012
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AgriSeta AFS for the year ended 31 March 2012. Audit Opinion. Auditor-General issued an Unqualified Audit Report Financial Statements are not materially misstated Opinion is not given on Performance Information Material Adjustment made to Commitment schedule. Employers info – March 2012. - PowerPoint PPT PresentationTRANSCRIPT
AGM presentation 20 Sep 2012AGM presentation 20 Sep 2012 11
Audit Opinion
Auditor-General issued an Unqualified Audit Report
Financial Statements are not materially
misstated Opinion is not given on Performance
Information Material Adjustment made to Commitment
schedule
AGM presentation 20 Sep 2012AGM presentation 20 Sep 201222
Employers info – March 2012R18,108 (2011:17,716) registered employers
4,818 (2011:4,775) employers paying SDL levy - Total levies received R206,1M (2011:R172,3M)
Applications received by 30 June 2011 (for 2012):WSP’s =1,787 (previously 1,741)Total amount paid towards Mandatory Grants –
R87.9M (2011:R76.9M)–Payout % 73% (2011:73%)
AGM presentation 20 Sep 2012AGM presentation 20 Sep 2012 33
Project Grant Expenditure March 2012Total project spend: R89.8M (2011:R115.2M) Top 10 projects on spending 61% of total
Project Expenditure
44
Name R-Millions
P4 Learnerships 18.2 R11.1M
4.1 Workers Programmes R8.0M
3.2 Non Levy Enterprise R5.3M
2.8/4.1 Learneship/ Skills Programmes
R5.1M
2.8 Skills Programmes 8.1 R4.9M
P7 Learnerships 18.1 R4.6M
P10 Good Governance R4.5M
P4 Interns R4.4M
P7 Commodity Organisations R3.5M
P12 CEO/TLS R3.2M
Statement of Financial Performance March 2012INCOME 2011/12
R’0002010/11
R’000
Levies, penalties & interest 207,896 174,068
NSF & special projects income 2,517 3,001
Investment and other income 8,672 9,681
Total 219,085186,750
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Statement of Financial Performance March 2012
EXPENSES 2011/12 R’000
2010/11 R’000
Employer grant Discretionary >Paid >Movement in Accrual
87,904
88,8521,046
76,905
117,178(1,921)
Admin expenses 24,817 20,443
NSF & Special project expenses 2,517 3,001
Total 205,136 215,606
Net Surplus/(Deficit): 13,949 (28,856)
66
Statement of Financial Position March 2012
ASSETS 2011/12R’000
2010/11R’000
Property Plant & Equipment 4,608 4,448
Intangible assetsReceivables
463,498
453,007
Cash 175,738 147,458
Total 183,890 154,958
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Statement of Financial Position March 2012
EQUITY & LIABILITIES 2011/12R’000
2010/11
R’000
Grant and Other Reserves114,339
100,390
Capitalisation reserve 3,107 3,107
Payable & Provisions 65,934 51,009
Grants & Donor Funding 510 452
Total 183,890 154,958
AGM presentation 20 Sep 2012AGM presentation 20 Sep 2012
Discretionary Reserve
AGM presentation 20 Sep 2012AGM presentation 20 Sep 2012
Year Discretionary Reserve
Approved By Board
Contracted
2011/12
R113,086 R101,235M R57,6M
2010/11
R98.8M R 88.5M R 73.8M
Allocation of Discretionary Allocation of Discretionary ReservesReserves
Cash Flow Statement –Summary March 2012
1010
Cash Flow Statement 2011/12R’000
2010/11R’000
Net Cash Outflow from operating Activities 28,799 (11,517)
Cash Outflow from Investing Activities (519) (199)
Net Decrease in Cash and Cash Equivalents 28,280 (11,716)
Opening Cash Balance 147,458 159,174
Total 175,738 147,458
Conclusion
1111
• Questions?
Conclusion
Thank You
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