marine living resources fund

Minister

Annual Report 2007/2008

In terms of section 55(3) of the PFMA, 1999, the Accounting

Authority of a Public Entity must submit an annual report

with audited financial statements, for tabling in Parliament,

to the relevant Executive Authority, through the Accounting

Officer of the department designated by the Executive

Authority.

The report indicates significant progress from previous

disclaimed audit opinions and qualifications to the extent that

no qualifications or emphasis of matter have been identified

in this report. Not only is it indicative of vast improvements

in financial and corporate governance, but it also means that

the target for an unqualified audit report without emphasis of matter has been achieved two financial years

ahead of schedule. I would like to thank my predecessor, Ms Pam Yako, for her contribution to ensuring the

implementation of a successful turnaround strategy in record time.

In my capacity as both the Accounting Authority of the Marine Living Resources Fund (MLRF) and the Accounting

Officer of the Department of Environmental Affairs and Tourism as the designated department, I hereby formally

submit to you as Executive Authority the Annual Report with audited financial statements for the MLRF for the

2007/2008 financial year.

Ms Nosipho Jezile

Director-General

Department of Environmental Affairs and Tourism

Date: 27 August 2008

marine living resources fund

marine living resources fund annual report 2007-2008 1

MLRS Annual Report 2008-2009.indd 1 10/9/08 12:16:13 AM


CONTENTS

Page

Executive summary of the Annual Report ................................................................. 3 – 5

Statement of Responsibility ........................................................................................... 6 – 7

Report of the Audit Committee ................................................................................... 8 – 9

Report of the Auditor-General ..................................................................................... 10 – 13

Report of the Accounting Authority ............................................................................ 14 – 51

Statement of Financial Position ..................................................................................... 52

Statement of Financial Performance ............................................................................ 53

Statement of Changes in Net Assets ........................................................................... 54

Cash Flow Statement ...................................................................................................... 55

Notes to the Annual Financial Statements ................................................................. 56 – 85

Detailed Statement of Financial Performance ........................................................... 86 – 87


marine living resources fund annual report 2007-2008 32 marine living resources fund annual report 2007-2008


EXECUTIVE SUMMARY OF THE ANNUAL REPORT

Introduction

The Marine Living Resources Fund finances the operations of the Marine and Coastal Management Programme

which is responsible for managing the development and sustainable use of South Africa’s marine and coastal

resources, as well as protecting the integrity and quality of its marine and coastal ecosystems. This mandate is

a complex and often controversial one, the achievement of a healthy balance between sustainable utilisation of

marine and coastal resources on the one hand and the protection and conservation of these same resources on

the other is an ongoing challenge that requires a careful strategy.

The strategy is based on marine resource research and biological stock status assessments; monitoring control

and surveillance efforts, marine resource management involving both offshore and inshore fisheries, and the

creation of a regulatory framework for the management and protection of coastal resources.

Governance Environment

This Annual Report reflects the ongoing efforts to manage South Africa’s marine and coastal resources, but

also – and very significantly – reflects a turnaround in the management and administration of the Fund itself as

well as full compliance with the statutory reporting requirements of the Fund. The turnaround is witnessed

by the fact that in the 2005/2006 audit report there was twenty-two qualifications resulting in the Auditor-

General deciding not to express an opinion on those financial statements. In the 2006/2007 audit report there

was six qualifications resulting in the Auditor-General deciding to express a qualified opinion on those financial

statements. In the current audit report the Auditor-General has given an unqualified audit report.

In expressing the Department’s delight at the Auditor-General’s unqualified audit report, I would like to

acknowledge the efforts and contributions of the former Director-General and Accounting Authority, Ms Pam

Yako. Congratulations must also be extended to the many staff members who contributed to this excellent

audit report and improved performance in the governance and administration of the Fund.

Overview of programme performance

Research, Antarctica and Islands

The scheduled surveys and stock assessments as well as the routine monitoring of all marine living resources

that are harvested by the major fishing sectors were carried out. In addition, research and assessments of

marine biodiversity and ecosystems were undertaken to monitor ecosystem health. Reports on the physical

environment of the oceans have been compiled, documenting the oceanographic trends of the waters adjacent

to South Africa. During the financial year a strategic presence at Antarctica and Islands was maintained.

Resource Management

The allocation and management of long-term fishing rights in 20 commercial fishery sectors were finalised during

2007/08. Long-term rights (which are valid for 8 to 15 years) were allocated following annual scientific assessments

to determine the status of fish stocks. Transformation, investment and job creation were important considerations in

the allocation process. The challenge however was to balance the environmental sustainability with the high demand

for access to marine living resources. A process is under way to put a policy and management regime in place

for subsistence and small-scale fishers. These fishers, who harvest resources mainly for food and bartering, are

currently fishing under exemptions and will be brought within the formal management regime for fisheries.

marine living resources fundmarine living resources fund





EXECUTIVE SUMMARY OF THE ANNUAL REPORT (Continued)

Resource Management (Continued)

A draft Policy for the Transfer of Commercial Fishing Rights has been published aimed at guiding the transfer of

commercial fishing rights to ensure that the objectives of the respective fishery sectors are adhered to.

The decline in the abalone resource, due mainly to ecosystem effects and illegal harvesting, has resulted in the

indefinite closure of the fishery until such time that the resource has shown some recovery. A diving ban was

implemented in critical areas where the resource has potential for recovery.

The hake fishery is South Africa’s most valuable fishery and is the only fishery with Marine Stewardship Council

Certification, which provides an indication of sustainable management practices. A hake management strategy,

which takes account of research, monitoring control and surveillance, policy and fisheries management, has

been implemented to ensure continued sustainability of this valuable resource. An important milestone has

been the implementation of vessel capacity management that is commensurate with the tonnage allocated to

rights holders.

Integrated coastal management

The Portfolio Committee has approved the Integrated Coastal Management Bill. It was tabled in Parliament

at the end of March 2008. This is the first Integrated Coastal Management Bill to be passed in Africa. It will

improve the protection and appropriate development of South Africa’s coastal zone.

In view of the government’s national priority to alleviate poverty and create new economic opportunities,

aquaculture (farming with fish and other aquatic organisms) is seen to create job opportunities and contribute

to economic development. The Marine Aquaculture Policy was gazetted in September 2007 to promote the

growth of marine aquaculture in South Africa.

During the past financial year, marine aquaculture pilot projects were initiated in the four coastal provinces.

These projects are being established as possible participation models of marine aquaculture businesses that are

sustainable and satisfy government objectives as specified in the Marine Aquaculture Policy. This policy intends

to facilitate the growth of the industry within a defined policy framework. The transformation objectives of the

policy provide a firm basis to institutionalise change in the industry. DEAT is convinced that this policy will also

support the development of regulatory and management mechanisms aimed at avoiding or minimising adverse

environmental impacts.

Another significant area of work in the protection of South Africa’s coastal resources include the management of

the 19 marine protected areas (MPAs) and estuaries, which aim to protect biodiversity, build up fish stocks and

ensure that the activities of different users (such as scuba divers and fishers) are not in conflict with each other.

A National Programme of Action (NPoA) for the protection of the marine environment from land-based activities

was initiated. This includes setting up a National Advisory Forum comprising various key stakeholders from

other government departments at national, provincial and local level, as well as industry partners, NGOs and

technical experts. It also entails completing a draft of the NPoA, taking account of the input gained at provincial

consultative workshops held throughout 2007/08. The NPoA will be implemented once it has been endorsed

at a national workshop held in 2008/09. A review process will be included as part of the implementation plan.

New projects or activities will be identified and incorporated into the programme as the need arises.


4 marine living resources fund annual report 2007-2008


EXECUTIVE SUMMARY OF THE ANNUAL REPORT (Continued)

Monitoring, Control and Surveillance

The monitoring of landed fish at harbours, slipways and fish-processing establishments was undertaken on

an ongoing basis to ensure that permit holders keep within their limits and declare all their catches. Non-

adherence to permit conditions, non-compliance with the Marine Living Resources Act and the payment of

levies on fish and fish products are closely monitored and are dealt with in the appropriate manner.

In-roads were also made to reduce poaching – especially with regard to abalone – through the policing of

identified critical abalone zones in collaboration with the South African Police Services (SAPS) and other law

enforcement partners. Memoranda of understanding with the South African Revenue Service (SARS) and the

National Prosecuting Authority (NPA) have been initiated. Annual patrols are also jointly undertaken within the

Southern African Development Community (SADC).

Conclusion

I appreciate the efforts and commitment of the staff of the Department, the Audit Committee and the Auditor-

General. I would also like to acknowledge the contributions of coastal communities, stakeholders, industry and

other government departments in the work of the Department and the Fund.

Ms Nosipho Jezile

Director-General

Date: 27 August 2008



4 marine living resources fund annual report 2007-2008



STATEMENT OF RESPONSIBILITY for the year ended 31 March 2008

The Public Finance Management Act, 1999 (Act No. 1 of 1999), as amended, requires the Accounting Authority

to ensure that the Marine Living Resources Fund keeps full and proper records of its financial affairs. The annual

financial statements should fairly present the state of affairs of the Marine Living Resources Fund, its financial

results, its performance against predetermined objectives and its financial position at the end of the year in

terms of the basis of accounting as set out in note 1 to the financial statements.

The annual financial statements are the responsibility of the Accounting Authority. The Auditor-General is

responsible for independently auditing and reporting on the financial statements. The Auditor-General has

audited the entity’s financial statements and the Auditor-General’s report appears on pages 10 to 13.

The annual financial statements have been prepared in accordance with the basis of accounting as set out in

note 1 to the financial statements. These annual financial statements are based on appropriate accounting

policies, supported by reasonable and prudent judgements and estimates.

The Accounting Authority has reviewed the entity’s budgets and cash flow forecasts for the year ended

31 March 2008. On the basis of this review, and in view of the current financial position, the Accounting

Authority has every reason to believe that the entity will be a going concern in the year ahead and has continued

to adopt the going concern basis in preparing the financial statements.

The Accounting Authority sets standards to enable management to meet the above responsibilities by

implementing systems of internal control and risk management that are designed to provide reasonable, but not

absolute assurance against material misstatements and losses. The entity maintains internal financial controls

to provide assurance regarding:

The safeguarding of assets against unauthorised use or disposition.•The maintenance of proper accounting records and the reliability of financial information used within the •business or for publication.

The controls contain self-monitoring mechanisms, and actions are taken to correct deficiencies as they are

identified. Even an effective system of internal control, no matter how well designed, has inherent limitations,

including the possibility of circumvention or the overriding of controls. An effective system of internal control

therefore aims to provide reasonable assurance with respect to the reliability of financial information and, in

particular, financial statement presentation. Furthermore, because of changes in conditions, the effectiveness

of internal financial controls may vary over time.

The Accounting Authority has reviewed the entity’s systems of internal control and risk management for

the period from 1 April 2007 to 31 March 2008. The Accounting Authority is of the opinion that the entity’s

systems of internal control and risk management were effective for the period under review.

In the opinion of the Accounting Authority, based on the information available to date, the annual financial

statements fairly present the financial position of the fund at 31 March 2008 and the results of its operations

and cash flow information for the year and that the Code of Corporate Practices and Conduct has been

adhered to.




STATEMENT OF RESPONSIBILITY for the year ended 31 March 2008 (Continued)

The annual financial statements for the year ended 31 March 2008, set out on pages 14 to 87, were submitted for

auditing on 31 May 2008 and approved after audit adjustments on 22 July 2008 by the Accounting Authority in

terms of section 51(1) (f) of the PFMA, 1999 (Act No. 1 of 1999), as amended and are signed on its behalf by:

Mr Saliem Mohamed

Chief Financial Officer

Date: 30 July 2008

Ms Nosipho Jezile Dr Monde Mayekiso

Director-General Deputy Director-General

Accounting Authority Date: 30 July 2008

Date: 30 July 2008





REPORT OF THE AUDIT COMMITTEE for the year ended 31 March 2008

We are pleased to present our report for the financial year ended 31 March 2008.

Audit Committee Members and Attendance:

The audit committee consists of the members listed hereunder and should meet 4 times per annum as per its

approved terms of reference. During the current year 4 meetings were held.

Name of Member Number of meetings attended

R Rhoda (Chairperson – resigned 31 March 2008) 3

A Gaffoor (resigned 31 March 2008) 4

J Boggenpoel 4

I Theron (Chairperson – appointed 1 April 2008) N/A

Z Abrams (appointed 1 April 2008) N/A

Z Hoosain (appointed 1 April 2008) N/A

Audit Committee Responsibility

The Audit Committee reports that it has complied with its responsibilities arising from section 51(1)(a) of the

PFMA and Treasury Regulation 27.1.8.

The Audit Committee also reports that it has adopted appropriate formal terms of reference as its audit

committee charter, has regulated its affairs in compliance with this charter and has discharged all its responsibilities

as contained therein.

The effectiveness of internal control

The system of controls is designed to provide cost effective assurance that assets are safeguarded and that

liabilities and working capital are efficiently managed. In line with the PFMA and the King II Report on Corporate

Governance requirements, Internal Audit provides the Audit Committee and management with assurance that

the internal controls are appropriate and effective. This is achieved by means of the risk management process

as well as the identification of corrective actions and suggested enhancements to the controls and processes.

From the various reports of the Internal Auditors and the management letter of the Auditor-General, it

was noted that no significant or material non-compliance with prescribed policies and procedures have

been reported. Accordingly, we can report that there was a significant improvement in the internal control

environment for the period under review.

Evaluation of Financial Statements

The Audit Committee has:

reviewed and discussed the audited annual financial statements to be included in the annual report, with •

the Auditor-General and the Accounting Authority;

reviewed the Auditor-General’s management letter and management’s response thereto; and•

reviewed significant adjustments resulting from the audit.•




REPORT OF THE AUDIT COMMITTEE for the year ended 31 March 2008 (Continued)

The Audit Committee concurs and accepts the Auditor-General’s conclusions on the annual financial statements,

and is of the opinion that the audited annual financial statements be accepted and read together with the report

of the Auditor-General.

R RHODA I THERON

Chairperson of the Audit Committee Chairperson of the Audit Committee

until 31 March 2008 from 1 April 2008

Date: 11 August 2008 Date: 11 August 2008





REPORT OF THE AUDITOR-GENERAL TO PARLIAMENT ON THE FINANCIAL STATEMENTS AND PERFORMANCE INFORMATION OF THE MARINE LIVING RESOURCES FUND FOR THE YEAR ENDED 31 MARCH 2008

REPORT ON THE FINANCIAL STATEMENTS

Introduction

I have audited the accompanying financial statements of the Marine Living Resources Fund which comprise the 1.

statement of financial position as at 31 March 2008, statement of financial performance, statement of changes

in net assets and cash flow statement for the year then ended, and a summary of significant accounting

policies and other explanatory notes, as set out on pages 52 to 85.

Responsibility of the accounting authority for the financial statements

The accounting authority is responsible for the preparation and fair presentation of these financial statements 2.

in accordance with the basis of accounting determined by the National Treasury, as set out in note 1 to the

financial statements and in the manner required by the Public Finance Management Act, 1999 (Act No. 1 of

1999) (PFMA). This responsibility includes:

designing, implementing and maintaining internal control relevant to the preparation and fair presentation •

of financial statements that are free from material misstatement, whether due to fraud or error

selecting and applying appropriate accounting policies•

making accounting estimates that are reasonable in the circumstances.•

Responsibility of the Auditor-General

As required by section 188 of the Constitution of the Republic of South Africa, 1996 read with section 4 of 3.

the Public Audit Act, 2004 (Act No. 25 of 2004) (PAA) and section 10(7) of the Marine Living Resources Act,

1998 (Act No. 18 of 1998), my responsibility is to express an opinion on these financial statements based on

my audit.

I conducted my audit in accordance with the International Standards on Auditing and 4. General Notice 616 of

2008, issued in Government Gazette No. 31057 of 15 May 2008. Those standards require that I comply with

ethical requirements and plan and perform the audit to obtain reasonable assurance on whether the financial

statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the 5.

financial statements. The procedures selected depend on the auditor’s judgement, including the assessment

of the risks of material misstatement of the financial statements, whether due to fraud or error. In making

those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair

presentation of the financial statements in order to design audit procedures that are appropriate in the

circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal

control.




REPORT OF THE AUDITOR-GENERAL TO PARLIAMENT ON THE FINANCIAL STATEMENTS AND PERFORMANCE INFORMATION OF THE MARINE LIVING RESOURCES FUND FOR THE YEAR ENDED 31 MARCH 2008 (Continued)

6. An audit also includes evaluating the:

appropriateness of accounting policies used•

reasonableness of accounting estimates made by management•

overall presentation of the financial statements.•

7. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit

opinion.

Basis of accounting

8. The public entity’s policy is to prepare financial statements on the basis of accounting as determined by the

National Treasury, as set out in note 1 to the financial statements.

Opinion

9. In my opinion the financial statements present fairly, in all material respects, the financial position of the

Marine Living Resources Fund as at 31 March 2008 and its financial performance and cash flows for the year

then ended, in accordance with the basis of accounting determined by the National Treasury, as set out in note

1 to the financial statements, and in the manner required by the PFMA.

OTHER MATTERS

Without qualifying my audit opinion, I draw attention to the following matters that relate to my responsibilities

in the audit of the financial statements:

Matters of governance

10. The PFMA tasks the accounting authority with a number of responsibilities concerning financial and risk

management and internal control. Fundamental to achieving this is the implementation of certain key

governance responsibilities, which I have assessed as follows:

Matter of governance Yes No

Audit committee

The public entity had an audit committee in operation throughout the financial •

year.

The audit committee operates in accordance with approved, written terms of •

reference.

The audit committee substantially fulfilled its responsibilities for the year, as set •

out in section 77 of the PFMA and Treasury Regulation 27.1.8.






Matter of governance Yes No

Internal audit

The public entity had an internal audit function in operation throughout the •

financial year.

The internal audit function operates in terms of an approved internal audit plan.•

The internal audit function substantially fulfilled its responsibilities for the year, as •

set out in Treasury Regulation 27.2.

Other matters of governance

The annual financial statements were submitted for audit as per the legislated deadlines

(section 55 of the PFMA for public entities).

The financial statements submitted for audit were not subject to any material

amendments resulting from the audit.

No significant difficulties were experienced during the audit concerning delays or the

unavailability of expected information and/or the unavailability of senior management.

The prior year’s external audit recommendations have been substantially

implemented.

Unaudited supplementary schedule

11. The detailed statement of financial performance set out on pages 86 to 87 does not form part of the financial

statements and is presented as additional information. I have not audited this schedule and accordingly I do

not express an opinion thereon.

OTHER REPORTING RESPONSIBILITIES

REPORT ON PERFORMANCE INFORMATION

12. I have reviewed the performance information as set out on pages 16 to 46.

Responsibility of the accounting authority for the performance information

13. The accounting authority has additional responsibilities as required by section 55(2)(a) of the PFMA to ensure

that the annual report and audited financial statements fairly present the performance against predetermined

objectives of the public entity.





Responsibility of the Auditor-General

14. I conducted my engagement in accordance with section 13 of the PAA read with General Notice 616 of 2008,

issued in Government Gazette No. 31057 of 15 May 2008.

15. In terms of the foregoing my engagement included performing procedures of an audit nature to obtain

sufficient appropriate evidence about the performance information and related systems, processes and

procedures. The procedures selected depend on the auditor’s judgement.

16. I believe that the evidence I have obtained is sufficient and appropriate to report that no significant findings

have been identified as a result of my review.

OTHER REPORTS

Investigations

17. An investigation is being conducted based on allegations of improper relationships of some officials with the

fishing industry where these relationships were allegedly unfairly benefiting some members of the industry.

The investigation was still ongoing at the reporting date.

Performance audits

18. A performance audit of the handling of confiscated abalone is in the process of being conducted. The audit

covers the period January 2006 to August 2007. The report was in the process of being finalised at the

reporting date.

APPRECIATION

The assistance rendered by the staff of the Marine Living Resources Fund during the audit is sincerely 1.

appreciated.

Cape Town

31 July 2008





REPORT OF THE ACCOUNTING AUTHORITY for the year ended 31 March 2008

The accounting authority presents the annual report, which forms part of the audited financial statements of the

fund for the year, ended 31 March 2008.

PRINCIPAL ACTIVITY OF THE FUND

South Africa has a 3 000 km coastline that serves as a major shipping trade route, is home to a vast biodiversity

of marine and coastal species, provides jobs and food to many South Africans, and also attracts growing numbers

of tourists each year.

The Marine and Coastal Management Branch (MCM) of the Department of Environmental Affairs and Tourism

(DEAT) is tasked with managing the development, sustainable use and orderly exploitation of our marine and

coastal resources, as well as protecting the integrity and quality of our marine and coastal ecosystems. The Branch’s

activities are governed by the Marine Living Resources Act of 1998, and the Branch operations are funded through

the Marine Living Resources Fund.

EXECUTIVE OFFICERS

Director-General: Deputy Director-General: Chief Financial Officer:

N Jezile M Mayekiso S Mohamed

REMUNERATION OF EXECUTIVE OFFICERS

Compensation of the employees that administer the MLRF is paid by the Department of Environmental Affairs and

Tourism (DEAT). The compensation of the executive officers is disclosed in the financial statements of DEAT.

From 1 April 2007 to 31 March 2008 payments to the value of R146 460 were made to the Deputy Director-

General for subsistence, travel and other related reimbursement costs from the MLRF. During this period no

payments were made to the Director-General.

From 1 April 2007 to 31 May 2007 payments to the value of R4 494 were made to the Chief Financial Officer (A

Ismail – resigned 31 May 2007) for subsistence, travel and other related reimbursement costs from the MLRF.

From 1 June 2007 to 31 March 2008 payments to the value of R6 910 were made to the Chief Financial Officer (S

Mohamed) for subsistence, travel and other related reimbursement costs from the MLRF.




REPORT OF THE ACCOUNTING AUTHORITY for the year ended 31 March 2008 (Continued)

GOVERNMENT DEPARTMENT

Department of Environmental Affairs and Tourism

ADDRESS

Foretrust Building Private Bag X2

Martin Hammerschlag Way Roggebaai

Foreshore 8012

Cape Town

8000

LEGAL FORM

The entity is a schedule 3A Public Entity in terms of the Public Finance Management Act No 1 of 1999 and is

governed by the Marine Living Resources Act No 18 of 1998.

LEGISLATIVE MANDATE

The mandate and core business of the Marine Living Resources Fund (MLRF), managed under the Marine and

Coastal Management Branch of The Department of Environmental Affairs and Tourism (DEAT), is underpinned by

the Constitution and all other relevant legislation and policies applicable to government departments.

The specific mandate of the MLRF is derived from the following Acts, Policies, Treaties and Conventions:

Cabinet and Ministerial directives and policy decisions;−

White Paper on Environmental Management;−

National Environmental Management Act, 1998;−

Environment Conservation Act, 1989;−

White Paper on Conservation and Sustainable Use of Biological Diversity;−

National Environmental Management: Biodiversity Act, 2004;−

National Environmental Management: Protected Areas Act, 2003;−

World Heritage Convention Act, 1999;−

White Paper on Integrated Pollution and Waste Management, 2000;−

White Paper on Marine Fisheries, 1997;−

Marine Living Resources Act, 1998;−

White Paper on Sustainable Coastal Development, 2000;−

Sea-shore Act, 1935;−

Sea Birds and Seals Protection Act, 1973;−

Dumping at Sea Control Act, 1980;−

Marine Pollution Act, 1981;−

Antarctica Treaties Act, 1996;−

Regulations in terms of some of the above legislation e.g. Regulations for the use of 4x4 vehicles on beaches;−

Public Finance Management Act No 1 of 1999;−

National Treasury Regulations;−

Preferential Procurement Framework Act and regulations; and−

Supply Chain Management Framework.−





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E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

KE

Y D

EL

IVE

RA

BL

ES

, T

AR

GE

TS

AN

D T

IME

FR

AM

ES

PE

R S

TR

AT

EG

IC O

BJE

CT

IVE

FO

R 2

00

7/2

00

8

GO

AL:

PRO

MO

TE

TH

E C

ON

SERV

ATIO

N A

ND

SU

STA

INA

BLE

UT

ILIS

ATIO

N O

F N

ATU

RA

L R

ESO

UR

CES

Stra

tegi

c O

bje

ctiv

e 1:

En

sure

equ

itab

le a

nd

su

sta

inab

le u

se o

f n

atu

ral

reso

urc

es t

o c

on

trib

ute

to

eco

no

mic

dev

elo

pm

ent

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Scie

nti

fic

rese

arc

h

tha

t in

form

s

an

d g

uid

es t

he

sust

ain

ab

le

uti

lisa

tio

n a

nd

con

serv

ati

on

of

ma

rin

e a

nd

co

ast

al

eco

syst

ems.

Rese

arch

sur

veys

for T

AC

/ TAE

man

aged

fish

erie

s.

8 TA

Cs (h

ake

dire

cted

,

sole

, hor

se m

acke

rel,

anch

ovy,

sard

ine,

Wes

t

and

Sout

h co

ast r

ock

lobs

ter,

abal

one)

.

88

TAC

Reco

mm

enda

tions

subm

itted

.

Targ

ets

met

.TA

C/TA

E su

rvey

s, w

orki

ng

grou

p do

cum

ents

and

catc

h an

d/or

effo

rt li

mit

reco

mm

enda

tions

2 su

rvey

s of

TAE

man

aged

spe

cies

(squ

id,

seaw

eed)

.

2+2

line

fish

spec

ies

TAE

reco

mm

enda

tions

,

incl

udin

g 4

linefi

sh

spec

ies,

subm

itted

.





RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Biol

ogica

l and

cat

ch

info

rmat

ion

on h

arve

sted

spec

ies

(age

, gro

wth

and

repr

oduc

tion)

from

fiel

d

rese

arch

and

obs

erve

r

prog

ram

mes

.

All k

ey s

pecie

s.M

aint

ain.

+1

Rese

arch

pro

gram

mes

on

all k

ey s

pecie

s co

nduc

ted,

and

biol

ogica

l dat

a

succ

essf

ully

capt

ured

and

proc

esse

d.

Onl

y ro

utin

e bi

olog

ical

data

is b

eing

col

lect

ed,

with

lim

ited

oppo

rtun

ities

to in

vest

igat

e ne

w is

sues

due

to c

ost i

ncre

ases

and

limite

d fu

ndin

g.

Prop

osal

s an

d

mot

ivatio

ns fo

r ad

ditio

nal

fund

ing

allo

catio

ns h

ave

been

pre

pare

d an

d

disc

ussio

ns h

eld

with

DST

.

Biol

ogica

l pap

ers,

repo

rts,

wor

king

gro

up

docu

men

ts.

Rese

arch

and

mon

itorin

g

plan

s fo

r sm

all-s

cale

and

subs

isten

ce fi

sher

ies.

0 de

fined

.1

Rese

arch

and

mon

itorin

g pl

an to

be

defin

ed.

Rese

arch

er a

ppoi

nted

for

smal

l inv

erte

brat

es

(mus

sels,

oys

ters

).

Prel

imin

ary

rese

arch

plan

and

initi

al s

urve

ys

com

plet

ed.

Men

tors

hip

arra

ngem

ent

put i

n pl

ace

to a

ssist

rese

arch

er to

bec

ome

acqu

aint

ed w

ith r

esea

rch

issue

s.

Mon

itorin

g Pl

an

and

rese

arch

res

ults

publ

ished

.




RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Rese

arch

info

rmat

ion

on

pote

ntia

l new

fish

erie

s.

Stud

y on

a p

oten

tial

new

fish

ery

(oct

opus

)

and

rese

arch

to e

xpan

d

expl

oita

tion

of a

n ex

istin

g

fishe

ry (h

orse

mac

kere

l)

initi

ated

.

Cont

inue

res

earc

h

Oct

opus

: impl

emen

t

trai

ning

of r

ight

s ho

lder

s

and

anal

yze

for

incr

ease

in y

ield

.

Rese

arch

er a

ppoi

nted

for

new

fish

erie

s re

sear

ch.

Prel

imin

ary

rese

arch

plan

s de

velo

ped.

Oct

opus

wor

ksho

p he

ld to

rev

ise

fishi

ng m

etho

ds.

Men

tors

hip

arra

ngem

ent

put i

n pl

ace

to a

ssist

rese

arch

er to

bec

ome

acqu

aint

ed w

ith r

esea

rch

issue

s.

Fina

l rec

omm

enda

tion

on o

ctop

us a

nd h

orse

mac

kere

l fish

erie

s.

Hor

se m

acke

rel: a

nalyz

e

first

sur

vey

resu

lts a

nd

unde

rtak

e ne

w s

urve

y.

Hor

se m

acke

rel s

urve

y

canc

elle

d as

a r

esul

t of

inad

equa

te fu

ndin

g.

Prop

osal

s an

d

mot

ivatio

ns fo

r ad

ditio

nal

fund

ing

allo

catio

ns h

ave

been

pre

pare

d an

d

disc

ussio

ns h

eld

with

DST

.

Econ

omic

/

Socio

Eco

nom

ic

Reco

mm

enda

tion

in m

anag

emen

t

reco

mm

enda

tion

form

ats.

0Ec

onom

ic / S

ocio

-

Econ

omic

Rese

arch

Stra

tegy

defi

ned.

Mot

ivate

d fo

r N

ORS

A

Don

or F

undi

ng.

Proj

ect

impl

emen

ted

and

draf

t str

ateg

y on

soc

io-

econ

omic

rese

arch

deve

lope

d th

at m

ust b

e

inco

rpor

ated

into

MCM

rese

arch

str

ateg

y.

Dra

ft st

rate

gy to

be

tabl

ed a

nd d

iscus

sed

by

man

agem

ent.

Econ

omic

rese

arch

pla

n.





RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Rese

arch

into

mar

ine

aqua

cultu

re to

war

ds

prod

ucin

g ef

ficie

nt a

nd/

or tr

ansf

erab

le s

ervic

es

and

tech

nolo

gies

.

Feed

ing

optim

izat

ion

in

Finfi

sh.

2 pr

ey it

ems

test

ed o

n 1

spec

ies.

1st P

hase

of f

ood

item

proj

ect f

or fi

nfish

com

plet

ed a

nd w

rite

up

com

men

ced.

Aqua

cultu

re r

esea

rch

expe

rimen

ts a

t risk

due

to lo

ad s

hedd

ing.

Finfi

sh e

xper

imen

t

mov

ed to

Kle

inse

e.

Dra

ft re

port

on

4 pr

ey

item

s an

d 2

spec

ies.

Dra

ft re

port

on

optim

izat

ion

for

Kob.

Dra

ft be

st p

ract

ices

for

scal

lops

.

Fina

l rep

orts

on

front

ier

prog

ram

me,

draf

t pla

n

for

Cent

re o

f Exc

elle

nce.

Pilo

t stu

dy o

n Sc

allo

p

bree

ding

Iden

tify

fact

ors

that

impa

ct o

n go

nad

and

larv

al d

evel

opm

ent /

spaw

ning

des

crib

ed.

Gro

w o

ut e

xper

imen

ts

desig

ned.

Rese

arch

into

repr

oduc

tive

cycl

e

com

plet

ed.

Pape

r on

Scal

lops

pub

lishe

d in

inte

rnat

iona

l res

earc

h

jour

nal.

Whi

te m

usse

l lar

vae

grow

out

exp

erim

ents

cond

ucte

d an

d

larv

ae tr

ansp

orte

d to

aqua

cultu

re fa

rm.

Prop

osal

sub

mitt

ed to

NO

RSA

for

fund

ing

assis

tanc

e to

upg

rade

the

mar

ine

aqua

cultu

re

rese

arch

facil

ity a

t the

Aqua

rium

.

Asse

ssm

ent o

f the

Mar

icultu

re P

oten

tial

of th

e In

dige

nous

Sea

Urc

hin

Trip

neus

tes

Gra

tilla

.

Fron

tier

prog

ram

me

on

Mar

icultu

re (P

artn

ersh

ip

with

DST

).

Cont

inue

and

con

clud

e

expe

rimen

t in

Fron

tier

Prog

ram

me.

Fron

tier

Prog

ram

me

com

plet

ed w

ith m

inor

exte

nsio

n.

DST

com

mitt

ed to

furt

her

supp

ort.

Furt

her

disc

ussio

ns w

ith

DST

top

man

agem

ent.

Mak

e ap

plica

tion

for

new

fund

ing

part

ners

hip.




RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Bian

nual

rep

ort o

n

Stat

e of

the

Oce

an

Envir

onm

ent.

2 St

ate

of th

e O

cean

Envir

onm

ent r

epor

ts p

er

year

.

Mai

ntai

n bu

t dev

elop

abilit

y on

mor

e

com

preh

ensiv

e re

port

ing.

2 St

ate

of th

e O

cean

Envir

onm

enta

l rep

orts

prod

uced

(Jul

y an

d

Dec

embe

r 20

07).

No

dedi

cate

d ph

ysica

l

ocea

nogr

aphy

cru

ise

took

pla

ce d

ue to

bud

get

limita

tions

.

Subm

issio

ns m

ade

to

mot

ivate

for

incr

ease

d

budg

et in

200

8/09

for

ocea

nogr

aphi

c re

sear

ch

and

disc

ussio

ns h

eld

with

DST

und

er C

limat

e

Chan

ge P

rogr

amm

e.

2 Re

port

s pe

r ye

ar.

Arra

y sa

mpl

ing

stra

tegy

and

seek

fund

ing

rela

tions

hips

.

Mai

ntai

n an

d co

nsol

idat

e

fund

ing

rela

tions

hips

for

ocea

n m

onito

ring.

Asse

ssm

ents

of t

op

pred

ator

pop

ulat

ions

(sea

bird

s an

nual

ly an

d

seal

s ev

ery

3 ye

ars)

,

incl

udin

g M

ario

n Is

land

seab

ird p

opul

atio

ns a

nd

seal

pop

ulat

ions

eve

ry

five

year

s.

Popu

latio

n es

timat

es o

f

seal

s &

sea

bird

s.

Prod

uce

popu

latio

n

estim

ates

on

seal

s an

d

seab

irds

(Ope

ratio

nally

3

year

ass

essm

ent o

f sea

ls

and

annu

al fo

r se

abird

s).

Annu

al s

eabi

rd

popu

latio

n as

sess

men

t

com

plet

ed.

Seal

ass

essm

ent

cond

ucte

d in

Dec

embe

r

2008

.

Ship

sur

vey

budg

et

limita

tion,

seal

and

seab

ird w

ork

outs

ourc

ed

to s

mal

ler

boat

s w

hich

was

not

opt

imal

.

Ship

s bu

dget

incr

ease

mot

ivate

d fo

r 20

08/0

9

finan

cial y

ear.

Annu

al s

eabi

rd

asse

ssm

ent.

Seal

ass

essm

ent e

very

3 ye

ars.





RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Dev

elop

bes

t pra

ctice

guid

elin

es fo

r ce

tace

an

view

ing.

Best

pra

ctice

gui

delin

es

for

ceta

cean

vie

win

g

com

plet

ed a

nd d

raft

revie

wed

.

Inte

ract

ions

take

n pl

ace

with

Boa

t Bas

ed W

hale

Wat

chin

g In

dust

ry to

impl

emen

t cet

acea

n

view

ing

guid

elin

es.

Publ

icatio

n of

gui

delin

es

Rese

arch

into

Eco

syst

em

Appr

oach

es to

Fish

erie

s

(EAF

) Man

agem

ent t

o

gene

rate

cat

ch fi

sher

y

man

agem

ent a

dvice

and

regu

latio

ns th

at

inco

rpor

ate

mul

ti-sp

ecie

s

cons

ider

atio

ns a

nd

ecos

yste

m im

pact

s.

EAF

wor

king

gro

up

has

iden

tified

sev

eral

proj

ects

.

Iden

tified

pro

ject

s m

ust

be c

oste

d an

d a

fund

ing

mod

el in

clud

ing

inte

rnal

and

exte

rnal

ave

nues

mus

t be

iden

tified

.

Ecos

yste

ms A

ppro

ach

to F

isher

ies

proj

ect

com

plet

ed w

ith B

CLM

E

with

app

licat

ion

to R

SA,

Nam

ibia

and

Ang

ola.

EAF

prin

ciple

s ap

plie

d to

pela

gic

indu

stry

in c

lose

d

area

aro

und

Das

sen

and

St C

roix

Isla

nds

in a

n

atte

mpt

to h

alt d

eclin

e

in p

engu

in p

opul

atio

ns

and

byca

tch

limita

tions

for

purs

e-se

inin

g. EA

F

appl

ied

to D

emer

sal

fishe

ry it

o by

catc

h

limits

, are

a cl

osur

es

and

subs

trat

e da

mag

e

inve

stig

atio

ns.

Risk

asse

ssm

ents

for

maj

or

fishe

ries

com

plet

ed.

Min

or fi

sher

ies

still

to b

e as

sess

ed a

nd

broa

der

depa

rtm

enta

l

EAF

stra

tegy

to b

e

impl

emen

ted.

Fund

ed E

AF p

roje

cts

Man

agem

ent

reco

mm

enda

tions

inco

rpor

atin

g EA

F.




RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Ma

na

gem

ent

an

d r

egu

lati

on

of

ma

rin

e li

vin

g

reso

urc

es.

Com

mer

cial fi

shin

g

right

s al

loca

ted

in a

ll

com

mer

cial s

ecto

rs a

nd

% o

f 17

com

mer

cial

fishe

ries

revie

wed

as

per

fishe

ries

polic

ies.

> th

an 9

0% o

f cur

rent

com

mer

cial fi

sher

ies

allo

cate

d.

100%

.D

raft

polic

y fo

r la

rge

Pela

gics

rig

hts

allo

catio

ns

publ

ished

for

publ

ic

com

men

t. D

raft

SLA

pres

ente

d to

ser

vice

prov

ider

to a

ssist

with

right

s al

loca

tion

proc

ess.

Whi

te M

usse

l rig

hts

exte

nded

for

two

year

s.

Tim

efra

mes

hav

e be

en

deve

lope

d fo

r fin

alisa

tion

of P

olic

y an

d al

loca

tion

of

right

s in

larg

e Pe

lagi

cs.

Righ

ts r

egist

ers

for

all

com

mer

cial fi

sher

ies





RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

0% r

evie

wed

.40

%

Larg

e Pe

lagi

cs

Tuna

Pol

e

Dem

ersa

l Sha

rk

Hak

e H

andl

ine

Trad

ition

al L

ine

Fish

Squi

d

Wes

t Coa

st R

ock

Lobs

ter

(Nea

rsho

re)

Dev

elop

ed a

Term

s of

Refe

renc

e an

d ad

vert

ised

a Bi

d to

out

sour

ce th

e

Perfo

rman

ce M

easu

ring

(Rev

iew

).

No

revie

ws

wer

e

cond

ucte

d.

The

targ

et w

ill be

shi

fted

to 2

008/

09 fi

nanc

ial

year

. Ap

poin

tmen

t of

serv

ice p

rovid

er to

be

final

ized

in o

rder

fast

-

trac

k th

e re

view

pro

cess

.

Sche

dule

for

Revie

w

revis

ed.

Revie

w r

epor

ts.

Num

ber

of F

isher

y

Man

agem

ent M

anua

ls in

resp

ect o

f 15

com

mer

cial

fishe

ries.

0%.

30%

Smal

l Pel

agics

Dem

ersa

l Sha

rk

Hor

se M

acke

rel

Seaw

eed

Sout

h Co

ast R

ock

Lobs

ter.

No

signi

fican

t pro

gres

s

has

been

mad

e in

the

deve

lopm

ent o

f Fish

ery

Man

agem

ent M

anua

ls.

Focu

s w

ill be

give

n to

the

deve

lopm

ent o

f Fish

ery

Man

agem

ent P

lans

(not

Man

uals)

.

Fish

ery

Man

agem

ent

Plan

s.

% C

omm

ercia

l

fishi

ng r

ight

s tra

nsfe

r

appl

icatio

ns a

sses

sed.

0%.

Polic

y on

Tran

sfer

s.

100%

of r

ight

tran

sfer

appl

icatio

ns a

sses

sed.

Com

men

ts a

nd

subm

issio

ns o

n dr

aft

Tran

sfer

Pol

icy

rece

ived

by e

nd o

f Feb

ruar

y 20

08.

Polic

y w

ill be

fina

lized

in

the

2008

/09

finan

cial

year

.

Ong

oing

tran

sfer

s ha

ve

been

pro

cess

ed o

n a

need

s ba

sis a

s w

hen

such

app

licat

ions

hav

e

been

rec

eive

d (e

g. D

eath

of a

rig

hts

hold

er).

Polic

y on

Rig

hts T

rans

fers

.




RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

% o

f Sub

siste

nce

&

Smal

l-Sca

le C

omm

ercia

l

Fish

ing

Righ

ts a

lloca

ted.

0% a

lloca

ted

(Ope

rate

s

on a

n ex

empt

ion

basis

).

100%

rig

hts

allo

cate

dD

raft

Subs

isten

ce P

olic

y

deve

lope

d, pu

blish

ed

for

publ

ic co

mm

ent

and

cons

ulta

tions

with

com

mun

ities

took

pla

ce.

A Co

urt O

rder

cal

led

for

Inte

rim R

elie

f mea

sure

s

whi

ch w

ere

gran

ted

on tw

o oc

casio

ns to

appr

oxim

atel

y 10

00

fishe

rs.

A N

atio

nal S

umm

it w

as

held

and

a N

atio

nal

Task

Team

est

ablis

hed

to

take

the

polic

y pr

oces

s

forw

ard,

ensu

ring

mor

e

com

mun

ity p

artic

ipat

ion.

Righ

ts R

egist

ers

for

Subs

isten

ce a

nd S

mal

l-

scal

e fis

herie

s.

Regu

lato

ry a

nd

Man

agem

ent F

ram

ewor

k

for

Fish

Pro

cess

ing

Esta

blish

men

ts (F

PE) a

nd

Recr

eatio

nal F

isher

ies.

354

FPE

Righ

ts a

lloca

ted.

130

FPE

Exem

ptio

ns

allo

cate

d.

Polic

y on

FPE

’s to

regu

lariz

e m

anag

emen

t

ther

eof.

No

prog

ress

was

mad

e

on d

evel

opm

ent o

f the

polic

y.

Righ

ts R

egist

ers

and

Exem

ptio

n lis

ts a

re

cont

inua

lly u

pdat

ed.

Righ

ts R

egist

ers

for

Fish

Pro

cess

ing

Esta

blish

men

ts.

Recr

eatio

nal F

isher

ies

Polic

y.Re

gula

tions

and

fees

in

plac

e fo

r re

crea

tiona

l

fishe

ries.

Dra

ft Po

licy

and

Man

agem

ent r

egim

e fo

r

Recr

eatio

nal F

isher

ies

by

31 M

arch

200

8.

Econ

omic

stud

y on

recr

eatio

nal a

nglin

g w

as

cond

ucte

d by

an

exte

rnal

orga

niza

tion.

Fina

lisat

ion

of a

Dra

ft Re

gula

tory

and

Man

agem

ent f

ram

ewor

k

for

Recr

eatio

nal F

isher

ies

will

be d

evel

oped

in th

e

2008

/09

finan

cial y

ear.





RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Man

agem

ent r

egim

e fo

r

illega

l, unr

epor

ted

and

unre

gula

ted

(IUU

) fish

ing

and

man

agem

ent o

f

fishi

ng c

apac

ity.

Non

e.D

raft

Nat

iona

l Pla

n of

Actio

n (N

POA)

for

fishi

ng

capa

city.

Hak

e ca

pacit

y

man

agem

ent r

egim

e

impl

emen

ted

whi

ch

prov

ides

a b

asis

to

form

ulat

e a

NPO

A fo

r

fishi

ng c

apac

ity.

Stak

ehol

der

wor

ksho

p

for

deve

lopm

ent o

f dra

ft

NPO

A on

Fish

ing

capa

city

will

be c

onve

ned.

Nat

iona

l Pla

ns o

f Act

ion.

Man

agem

ent r

egim

e

for

Seal

s, Se

a bi

rds,

Shor

ebird

s an

d Sh

arks

.

Dra

ft Po

licy

for

Seal

s,

seab

irds

& s

hore

bird

s.

Fina

lized

pol

icy

for

Seal

s,

Seab

irds

& S

hore

bird

s

and

impl

emen

tatio

n

ther

eof.

Fina

l pol

icy

gaze

tted

on

7 D

ecem

ber

2007

in G

N

3054

3.

Impl

emen

tatio

n of

polic

y.

Polic

y an

d N

atio

nal P

lans

of A

ctio

n.

Dra

ft N

atio

nal P

lan

of

Actio

n.

Fina

lized

Nat

iona

l Pla

n of

Actio

n fo

r se

abird

s.

Dra

ft N

POA

unde

r re

view

but n

ot fi

naliz

ed.

Dra

ft N

POA

of 2

004

will

be u

pdat

ed to

take

acco

unt o

f the

long

-term

right

s al

loca

tion

proc

ess.

Non

e.D

raft

NPO

A fo

r sh

arks

.In

puts

hav

e be

en

rece

ived

from

var

ious

Man

agem

ent a

nd

Scie

ntifi

c Wor

king

Gro

ups

but d

raft

NPO

A st

ill to

be

deve

lope

d.

Disc

ussio

ns h

eld

in

the

Man

agem

ent a

nd

Scie

ntifi

c Wor

king

Gro

ups.




RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Man

agem

ent m

easu

res

to r

e-bu

ild d

eple

ted

stoc

ks.

Ecos

yste

m c

onsid

erat

ions

incl

uded

in a

ll pe

rmit

and

exem

ptio

n co

nditi

ons.

Impl

emen

t man

agem

ent

mea

sure

s.

HAK

E: C

apac

ity

man

agem

ent r

egim

e

impl

emen

ted

in h

ake

fishi

ng s

ecto

rs.

Impr

oved

byca

tch

man

agem

ent

mea

sure

s im

plem

ente

d

for

hake

fish

ery.

ABAL

ON

E: S

uspe

nsio

n

of c

omm

ercia

l har

vest

ing

of w

ild a

balo

ne

impl

emen

ted

from

1

Febr

uary

200

8.

Enga

gem

ents

with

stak

ehol

ders

and

rig

hts

hold

ers.

Hak

e an

d ab

alon

e

stra

tegi

es d

evel

oped

.

Polic

y an

d N

atio

nal P

lans

of A

ctio

n.





RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Ma

na

gem

ent

an

d r

egu

lati

on

of

coa

sta

l re

sou

rces

.

Enab

ling

mar

ine

aqua

cultu

re r

egul

ator

y

fram

ewor

k.

Dra

ft Aq

uacu

lture

pol

icy.

Polic

y p

rom

ulga

ted

Mar

ine

Aqua

cultu

re

Dev

elop

men

t Str

ateg

y

final

ized

.

Aqua

cultu

re p

olic

y

gaze

tted

on 7

Sep

tem

ber

2007

.

Mar

ine

Aqua

cultu

re

Stra

tegy

app

rove

d by

Cabi

net.

Cons

ulta

tions

with

DTI

and

MIN

MEC

.

Aqua

cultu

re p

olic

y an

d

regu

latio

ns

Aqua

cultu

re s

ecto

r pl

an

and

guid

elin

es

Dra

ft re

gula

tions

in

MLR

A.

Regu

latio

ns r

evie

wed

.Ta

rget

not

ach

ieve

d.D

rafte

r w

ill be

app

oint

ed

to e

ffect

am

endm

ents

to

MLR

A.

Sect

or d

evel

opm

ent

and

tran

sfor

mat

ion

of

aqua

cultu

re in

dust

ry.

Dra

ft Se

ctor

Dev

elop

men

t Pla

n.

Sect

or D

evel

opm

ent P

lan

final

ized

.

Wor

k on

Sec

tor

Dev

elop

men

t Pla

n

unde

rway

but

will

only

be

final

ized

in 1

st q

uart

er o

f

2008

/09.

Mee

tings

hel

d w

ith

DTI

to c

larif

y ro

les

and

resp

onsib

ilitie

s be

twee

n

DEA

T an

d D

TI.

Econ

omic

oppo

rtun

ities

and

alte

rnat

ive

livel

ihoo

ds o

ppor

tuni

ties

for

coas

tal c

omm

uniti

es.

No

Sust

aina

ble

Coas

tal

Live

lihoo

ds (S

CL) s

trat

egy

in p

lace

.

Dra

ft SC

L st

rate

gy

deve

lope

d.

Dra

ft SC

L St

rate

gy

com

plet

ed in

Mar

ch

2008

.

Cons

ulta

tion

sche

dule

deve

lope

d fo

r co

asta

l

com

mun

ities

.

Coas

tal l

ivelih

oods

stra

tegy

.

IDPs

.

Polic

ies.

Impl

emen

tatio

ns P

lans

.

MO

Us.

Revie

w a

nd a

lignm

ent

with

IDPs

.

7 ID

Ps o

f Coa

stal

Mun

icipa

litie

s re

view

ed

and

tren

ds n

oted

for

inco

rpor

atio

n in

to th

e

final

SCL

dra

ft st

rate

gy.

Cons

ulta

tions

hel

d w

ith

coas

tal m

unici

palit

ies.




RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Opp

ortu

nitie

s in

non-

cons

umpt

ive u

se

initi

ative

s

Dra

ft Bo

at-b

ased

Wha

le

Wat

chin

g an

d W

hite

Shar

k Ca

ge D

iving

polic

ies.

Polic

ies

and

regu

latio

ns

for

Boat

Bas

ed W

hale

Wat

chin

g, D

olph

in

Wat

chin

g an

d W

hite

Shar

k Ca

ge D

iving

prom

ulga

ted

and

impl

emen

ted.

Polic

ies

and

regu

latio

ns

for

BBW

W a

nd W

SCD

have

bee

n su

bmitt

ed

for

appr

oval

but

will

only

be p

rom

ulga

ted

in

2009

8/09

fina

ncia

l yea

r.

Mee

tings

hel

d w

ith

stak

ehol

ders

on

polic

y

deve

lopm

ent p

roce

ss.

BBW

W a

nd W

SCD

polic

ies

and

regu

latio

ns.

New

non

-con

sum

ptive

use

activ

ities

iden

tified

.

Expl

ored

opt

ions

of

addi

tiona

l sha

rk s

pecie

s

to b

eing

reg

ulat

ed fo

r

non-

cons

umpt

ive u

se.

Socio

-eco

nom

ic

oppo

rtun

ities

and

reve

nue

gene

ratio

n

in p

rocl

aim

ed fi

shin

g

harb

ors.

Har

bor

Proj

ect s

ervic

e

prov

ider

app

oint

ed.

Har

bor

feas

ibilit

y st

udy

repo

rt fi

naliz

ed.

Phas

e 2

of F

easib

ility

Stud

y co

mpl

eted

and

repo

rt p

rese

nted

to D

EAT

and

Har

bour

Ste

erin

g

Com

mitt

ee.

1st d

raft

of P

hase

3 o

f the

stu

dy

rece

ived

and

cons

ider

ed.

Mee

tings

of t

he H

arbo

ur

Stee

ring

Com

mitt

ee to

mon

itor

prog

ress

of t

he

feas

ibilit

y st

udy.

Har

bour

feas

ibilit

y st

udy

and

repo

rt.

Iden

tify

sust

aina

ble

coas

tal l

ivelih

ood

oppo

rtun

ities

in H

arbo

rs.





RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

GO

AL:

PRO

MO

TE

TH

E C

ON

SERV

ATIO

N A

ND

SU

STA

INA

BLE

UT

ILIZ

ATIO

N O

F N

ATU

RA

L R

ESO

UR

CES

Stra

tegi

c O

bje

ctiv

e 2:

Co

nse

rve

bio

div

ersi

ty,

its

com

po

nen

ts,

pro

cess

es a

nd

fu

nct

ion

s a

nd

mit

iga

te t

hre

ats

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Ma

na

gem

ent

an

d r

egu

lati

on

of

coa

sta

l re

sou

rces

.

Man

agem

ent

fram

ewor

k an

d fu

ndin

g

arra

ngem

ents

for

Mar

ine

Prot

ecte

d Ar

eas

(MPA

s).

19 M

PAs

esta

blish

ed21

MPA

s es

tabl

ished

.Es

tabl

ishm

ent o

f

addi

tiona

l 2 M

PAs

(Stil

baai

and

Eas

t

Lond

on) n

ot a

chie

ved.

Mee

tings

hel

d w

ith

Stilb

aai s

take

hold

ers

to

final

ise r

egul

atio

ns.

MPA

est

ablis

hmen

t Pla

ns.

MPA

Man

agem

ent P

lans

.

SLAs

.2

MPA

man

agem

ent

plan

s.

Revie

w a

nd d

evel

op

6 M

PA m

anag

emen

t

plan

s th

at in

clud

e so

cio

econ

omic

cons

ider

atio

ns.

Serv

ice p

rovid

er (C

ape

Nat

ure

and

Park

Boa

rd

Serv

ice) a

ppoi

nted

for

the

draf

ting

of

man

agem

ent p

lans

.

Tem

plat

es p

repa

red

for

man

agem

ent p

lans

.

Dra

ft ga

zette

for

Stilb

aai

com

plet

ed.

Stilb

aai t

o be

dec

lare

d in

2008

/09

finan

cial y

ear.

No

Serv

ice L

evel

Agre

emen

t (SL

A) in

plac

e.

SLA

signe

d w

ith

SAN

Park

s fo

r na

tiona

l

MPA

s.

SLA

signe

d w

ith p

rovin

cial

agen

cies

for

19 M

PAs.

SLAs

fina

lised

with

WC

Nat

ure

Cons

erva

tion

Boar

d; EK

ZN

Wild

life,

ECPB

and

the

Isim

anal

iso

Gre

ater

Wet

land

s Pa

rk.

Regu

lar

inte

ract

ions

with

stak

ehol

ders

.




RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Impl

emen

tatio

n pr

otoc

ols

signe

d an

d op

erat

iona

l

with

3 p

rovin

cial a

genc

ies

and

ISim

anga

liso

cove

ring

11 M

PAs.

Rese

arch

into

mar

ine

prot

ecte

d ar

eas

to

crea

te e

nviro

nmen

tal

man

agem

ent a

dvice

.

Effe

ctive

ness

of p

rote

cted

area

s fo

r fin

fish.

2 M

PAs

(Laa

ngeb

aan

and

De

Hoo

p).

NO

RSA

supp

orte

d W

C

MPA

/ Lan

geba

an p

roje

ct

prog

ress

ing

with

fina

l

repo

rt to

be

subm

itted

in

2008

/09.

Rout

ine

long

-term

mon

itorin

g ca

rrie

d ou

t in

De

Hoo

p.

Impl

emen

tatio

n of

MPA

rese

arch

and

mon

itorin

g

proj

ects

.

Asse

ssm

ent r

epor

t on

MPA

s






RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Man

agem

ent r

egim

e fo

r

estu

arie

s.

No

estu

arin

e pr

otoc

ol.

Dra

ft N

atio

nal E

stua

rine

man

agem

ent p

roto

col.

Gen

eric

estu

arin

e

man

agem

ent p

lane

com

plet

ed a

nd a

ligne

d

with

ICM

bill.

8 G

uide

line

supp

ortin

g

docu

men

ts p

rodu

ced

and

disc

usse

d w

ith

stak

ehol

ders

.

Wor

k on

pilo

ts h

as

star

ted.

Cont

ract

s fo

r Es

tuar

ine

Man

agem

ent p

lans

signe

d w

ith E

CPB.

Serie

s of

inte

ract

ions

with

rele

vant

sta

keho

lder

s

held

tow

ards

dev

elop

ing

a N

atio

nal E

stua

rine

Prot

ocol

.

Nat

iona

l Est

uarin

e

Prot

ocol

.

Coas

tal m

anag

emen

t

regi

me.

Dra

ft Bi

llRe

vised

Bill

appr

oved

and

Regu

latio

ns g

azet

ted.

Cabi

net a

ppro

ved

the

subm

issio

n of

the

ICM

Bill

to P

arlia

men

t.

Port

folio

Com

mitt

ee

reco

mm

ende

d ta

blin

g of

ICM

Bill

to P

arlia

men

t.

ICM

Bill

Parli

amen

t

proc

ess.

Brie

fings

and

info

rmat

ion

sess

ions

hel

d on

the

ICM

Bill.

Coas

t Zon

e M

anag

emen

t

Act.


RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Coas

tal m

onito

ring

fram

ewor

k.

No

coas

tal m

onito

ring

and

repo

rtin

g.

Stat

e of

the

Coas

t

Mon

itorin

g In

dica

tors

impl

emen

ted

in C

oast

al

Prov

ince

s.

No

signi

fican

t pro

gres

s

mad

e.

Initi

al w

ork

star

ted

on

final

izin

g th

e St

ate

of

the

Coas

t Mon

itorin

g

indi

cato

rs.

Stat

e of

Coa

st R

epor

ts.

Man

agem

ent o

f lan

d-

base

d so

urce

s of

pollu

tion.

No

Nat

iona

l Pro

gram

me

of A

ctio

n in

pla

ce.

Dra

ft N

atio

nal

Prog

ram

me

of A

ctio

n

(NPO

A) in

con

sulta

tion

with

oth

er ro

le p

laye

rs.

Iden

tifica

tion

and

mon

itorin

g of

pol

lutio

n

hots

pots

.

Prov

incia

l Con

sulta

tive

Wor

ksho

ps h

eld

in K

ZN

.

Stak

ehol

der

cons

ulta

tion

held

i.r.o

. NPO

A (in

part

icula

r N

atio

nal

Advis

ory

Foru

m a

nd

DW

AF o

n W

aste

Wat

er).

Dra

ft N

POA

docu

men

t

com

plet

ed a

nd d

elive

red

by C

SIR.

Stak

ehol

der

enga

gem

ents

hel

d as

part

of t

he p

roce

ss to

deve

lop

the

NPO

A.

Nat

iona

l Pro

gram

me

of

Actio

n

Inst

itutio

nal

arra

ngem

ents

for

mar

ine

oil s

pill

com

batin

g

func

tion.

MCM

invo

lvem

ent i

n oi

l

spill

com

batin

g un

clea

r

Aeria

l sur

veilla

nce

for

oil

spills

.

Neg

otia

tions

with

MCS

,

EQP,

DO

T, SA

MSA

final

ized

on

appr

opria

te

fund

ing

and

man

agem

ent

mod

els.

Dra

ft Co

-ope

rativ

e

man

agem

ent p

ropo

sal

deve

lope

d.

Mee

tings

hav

e be

en h

eld

with

in th

e de

part

men

t

tow

ards

fina

lizin

g

impl

emen

tatio

n pr

otoc

ol

with

DO

T/SA

MSA

.

Oil

Spill

Agre

emen

ts.

MO

Us.





RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

GO

AL:

PRO

TEC

T A

ND

IMPR

OV

E T

HE

QU

ALI

TY

AN

D S

AFE

TY

OF

TH

E EN

VIR

ON

MEN

T

Stra

tegi

c O

bje

ctiv

e 2:

E

nsu

re p

rop

er c

om

pli

an

ce w

ith

en

viro

nm

enta

l m

an

age

men

t sy

stem

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Co

mp

lia

nce

wit

h

ma

rin

e a

nd

co

ast

al

regu

lati

on

s

Land

bas

ed s

ecto

r

fishe

ries

spec

ific

mon

itorin

g an

d

enfo

rcem

ent o

f the

MLR

A

Insh

ore

= 7

0%

Offs

hore

= 3

0%

(%=

inve

stm

ent o

f chi

ef

dire

ctor

ate

budg

et)

Insh

ore

= 6

0%

Offs

hore

= 4

0%

Enfo

rcem

ent s

tatis

tics:

24 p

riorit

y ar

eas

•

mon

itore

d

3805

slip

way

•

insp

ectio

ns

cond

ucte

d.

131

top

wan

ted

•

susp

ects

mon

itore

d

and

24 a

rres

ted.

458

Fish

Pro

cess

ing

•

Esta

blish

men

ts

insp

ecte

d.

Spec

ial o

pera

tions

•

with

SAP

S,

SAN

Park

s &

mun

icipa

litie

s in

abal

one

hots

pots

.

181

road

bloc

ks w

ith

•

SAPS

and

468

8

vehi

cles

sea

rche

d.

Ope

ratio

nal P

lans

EPV

regi

ster

s

VMS

repo

rts

Insp

ectio

n re

gist

ers

and

data

base

Crim

inal

rep

orts

and

case

s




RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Oce

an b

ased

(con

sum

ptive

and

non

-

cons

umpt

ive) m

onito

ring

and

enfo

rcem

ent

thro

ugh

the

depl

oym

ent

of V

esse

l Mon

itorin

g

Syst

ems

(VM

S) a

nd

Envir

onm

enta

l Pro

tect

ion

Vess

els

(EPV

s)

6209

line

fish;

6182

•

rock

lobs

ter;

9321

9

abal

one;

9 bo

ats

and

24 v

ehic

les

wer

e co

nfisc

ated

.

49 v

esse

l pat

rols

•

cond

ucte

d.

304

vess

els

•

insp

ecte

d.

74 V

MS

•

tran

sgre

ssio

ns

mon

itore

d an

d

inve

stig

ated

.

Synd

icate

infil

trat

ed

•

and

arre

st o

f 3

Chin

ese,

1 M

exica

n

and

2 SA

Nat

iona

ls.

Illeg

al a

balo

ne

•

proc

essin

g

esta

blish

men

t in

KZN

clo

sed.

195

dock

ets

•

regi

ster

ed a

nd 8

71

fines

issu

ed.

Sect

or s

pecifi

c

inve

stig

atio

n of

envir

onm

enta

l crim

es





RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Co-o

rdin

ate

MCS

appr

oach

with

imm

edia

te c

oast

al

neig

hbou

rs th

roug

h

hono

urin

g ex

istin

g SA

DC

agre

emen

ts.

Bi-la

tera

ls w

ith S

ADC

stat

es a

nd o

ther

MO

Us

are

not p

rope

rly a

ligne

d

to M

CM p

riorit

ies.

Impr

ove

on in

form

atio

n

shar

ing

and

join

t res

ourc

e

utiliz

atio

n.

Vess

el M

onito

ring

Syst

em

(VM

S) in

form

atio

n

shar

ed w

ith S

ADC

coun

trie

s.

MCS

bila

tera

l

agre

emen

ts w

ill be

re-

exam

ined

in 2

008/

09

finan

cial y

ear.

Form

al a

gree

men

ts

MO

Us.

MCS

Exc

hang

e

prog

ram

mes

with

neig

hbou

ring

SAD

C

stat

es a

nd o

ther

coun

trie

s.

Nil

3N

o ex

chan

ge

prog

ram

mes

took

pla

ce

with

SAD

C ne

ighb

ours

due

to a

lack

of f

unds

.

2 SA

DC

patro

ls ha

ve

been

pla

nned

for

2008

/09

finan

cial y

ear.

Dat

abas

e.

Com

plia

nce

part

ners

hips

with

com

mun

ities

, fish

ing

indu

stry

and

oth

er

stak

ehol

ders

.

4 co

mpl

ianc

e

part

ners

hips

.

Part

ners

hips

with

10

fishe

ries

and

coas

tal

com

mun

ities

.

Join

t ope

ratio

ns w

ith

SAPS

, SAN

DF

and

Cape

Nat

ure

in O

verb

erg.

Join

t Ope

ratio

ns w

ith

enfo

rcem

ent p

artn

ers

in P

ort E

lizab

eth

and

surr

ound

s.

15 jo

int o

pera

tions

with

HM

CI w

ere

cond

ucte

d.

Join

t ope

ratio

ns a

t

Bord

er p

osts

in F

ree

Stat

e, M

pum

alan

aga

and

Nor

ther

n Ca

pe.

Ong

oing

inte

ract

ion

and

awar

enes

s ca

mpa

igns

cond

ucte

d w

ith c

oast

al

com

mun

ities

and

Obs

erve

rs a

nd H

onor

ary

MCI

s ap

poin

ted.

Form

al a

nd in

form

al

agre

emen

ts; m

inut

es o

f

mee

tings

.




RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Redu

ctio

n of

tran

sgre

ssio

n of

off-

road

veh

icle

s; M

PAs

and

estu

arie

s.

Unk

now

n.D

evel

op b

asel

ine.

1342

slip

way

s in

spec

ted.

1946

Coa

stal

insp

ectio

ns.

7897

per

mits

insp

ecte

d.

Neg

otia

tions

hav

e ta

ken

plac

e w

ith P

rovin

cial

auth

oriti

es to

add

ress

the

issue

of i

llega

l and

unre

gist

ered

slip

way

s.

Tran

sgre

ssio

n Re

gist

er.


RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Co-o

rdin

ate

MCS

appr

oach

with

imm

edia

te c

oast

al

neig

hbou

rs th

roug

h

hono

urin

g ex

istin

g SA

DC

agre

emen

ts.

Bi-la

tera

ls w

ith S

ADC

stat

es a

nd o

ther

MO

Us

are

not p

rope

rly a

ligne

d

to M

CM p

riorit

ies.

Impr

ove

on in

form

atio

n

shar

ing

and

join

t res

ourc

e

utiliz

atio

n.

Vess

el M

onito

ring

Syst

em

(VM

S) in

form

atio

n

shar

ed w

ith S

ADC

coun

trie

s.

MCS

bila

tera

l

agre

emen

ts w

ill be

re-

exam

ined

in 2

008/

09

finan

cial y

ear.

Form

al a

gree

men

ts

MO

Us.

MCS

Exc

hang

e

prog

ram

mes

with

neig

hbou

ring

SAD

C

stat

es a

nd o

ther

coun

trie

s.

Nil

3N

o ex

chan

ge

prog

ram

mes

took

pla

ce

with

SAD

C ne

ighb

ours

due

to a

lack

of f

unds

.

2 SA

DC

patro

ls ha

ve

been

pla

nned

for

2008

/09

finan

cial y

ear.

Dat

abas

e.

Com

plia

nce

part

ners

hips

with

com

mun

ities

, fish

ing

indu

stry

and

oth

er

stak

ehol

ders

.

4 co

mpl

ianc

e

part

ners

hips

.

Part

ners

hips

with

10

fishe

ries

and

coas

tal

com

mun

ities

.

Join

t ope

ratio

ns w

ith

SAPS

, SAN

DF

and

Cape

Nat

ure

in O

verb

erg.

Join

t Ope

ratio

ns w

ith

enfo

rcem

ent p

artn

ers

in P

ort E

lizab

eth

and

surr

ound

s.

15 jo

int o

pera

tions

with

HM

CI w

ere

cond

ucte

d.

Join

t ope

ratio

ns a

t

Bord

er p

osts

in F

ree

Stat

e, M

pum

alan

aga

and

Nor

ther

n Ca

pe.

Ong

oing

inte

ract

ion

and

awar

enes

s ca

mpa

igns

cond

ucte

d w

ith c

oast

al

com

mun

ities

and

Obs

erve

rs a

nd H

onor

ary

MCI

s ap

poin

ted.

Form

al a

nd in

form

al

agre

emen

ts; m

inut

es o

f

mee

tings

.





RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

GO

AL:

PRO

MO

TE

GLO

BA

L SU

STA

INA

BLE

DEV

ELO

PMEN

T A

GEN

DA

Stra

tegi

c O

bje

ctiv

e 2:

I

mp

lem

ent

NE

PA

D a

nd

SA

DC

to

uri

sm,

envi

ron

men

tal,

ma

rin

e a

nd

co

ast

al

pro

gra

mm

es

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Pro

mo

te a

glo

ba

l

sust

ain

ab

le

dev

elo

pm

ent

age

nd

a.

Regi

onal

and

inte

rnat

iona

l

colla

bora

tions

thro

ugh

part

icipa

tion

in

rele

vant

Reg

iona

l

Fish

ery

Man

agem

ent

Org

anisa

tions

(RFM

Os)

and

Larg

e M

arin

e

Ecos

yste

ms

(LM

E)

prog

ram

mes

.

Repr

esen

tatio

n an

d

part

icipa

tion

in IC

CAT

,

SEAF

O, C

CAM

LR, I

OTC

,

BCLM

E, B

ENEF

IT;

BCC;

ACE

P; AC

AP; I

WC;

ASCL

ME;

SW

IOFP

; ATC

M,

COM

NAP

.

Stra

tegy

for

enga

ging

in E

ast A

frica

n Co

ast

Larg

e M

arin

e Ec

osys

tem

Prog

ram

mes

(LM

Es) s

uch

as A

SLM

E an

d SW

IOFP

.

Revie

w n

ew a

nd e

xist

ing

part

ners

hips

on

LME

so th

at r

esea

rch

cost

bene

fits

are

at le

ast

equi

tabl

e.

BCLM

E Pr

ogra

mm

e

(1st p

hase

) suc

cess

fully

com

plet

ed.

Esta

blish

men

t of t

he B

CC.

Inte

ract

ion

with

ACE

P

and

ASCL

ME.

Res

earc

h

proj

ect f

unde

d th

roug

h

ACEP

. D

EAT

ship

to

prov

ide

surv

ey s

uppo

rt

to A

CEP.

SWIO

FP to

be

initi

ated

in

2008

/09

finan

cial y

ear.

Join

t saf

ety

wor

king

grou

ps e

stab

lishe

d

betw

een

COM

NAP

and

Resc

ue C

oord

inat

ing

Cent

res

(RCC

s).

SWIO

FP d

ocum

ents

have

bee

n sig

ned

by

DEA

T an

d RS

A to

ena

ble

part

icipa

tion

in 2

008/

09

finan

cial y

ear.

Join

t Reg

iona

l pro

ject

prop

osal

s.




RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Leve

l of c

ount

ry

allo

catio

ns in

the

Hig

h

Seas

.

Allo

catio

ns fo

r Yel

low

fin

Tuna

; Sw

ordfi

sh; S

outh

ern

Blue

fin Tu

na, S

outh

ern

Alba

core

& P

atag

onia

n

Toot

hfish

.

Mai

ntai

n cu

rren

t lev

els

of c

ount

ry a

lloca

tions

(CC

AMLR

& IC

CAT

).

Coun

try

acce

ss to

CCAM

LR fi

shin

g ar

eas

incr

ease

d fro

m tw

o

area

s to

four

are

as.

Coun

try

acce

ss to

ICC

AT

mai

ntai

ned.

Sout

h Af

rica

appo

inte

d as

2nd V

ice C

hair

of IC

CAT

.

Mon

itorin

g of

impl

emen

tatio

n of

decis

ions

take

n at

thes

e

mee

tings

.

Qua

ntum

allo

cate

d to

coun

try

and

SA v

esse

ls

part

icipa

ting.

Neg

otia

ted

man

agem

ent

and

rese

arch

man

date

s

and

coun

try

posit

ions

at

NEP

AD, C

OFI

, IO

R, IC

CAT

,

CCAM

LR &

IOTC

.

Offi

cial p

ositi

ons

or

man

date

s (IC

CAT

&

CCAM

LR).

Stra

tegy

on

RFM

O’s.

100%

of m

atte

rs

arisi

ng w

ith n

egot

iatin

g

man

date

s an

d co

untr

y

posit

ions

.

Man

date

s fo

r CC

AMLR

,

COFI

and

ICC

AT

nego

tiate

d, ap

prov

ed

and

impl

emen

ted

at

CCAM

LR, C

OFI

, IO

TC

and

ICC

AT.

Bird

and

sea

l pop

ulat

ion

data

sub

mitt

ed to

CCAM

LR.

Ensu

re m

anda

tes

are

appr

oved

tim

eous

ly.

Appr

oved

man

date

s an

d

coun

try

posit

ions

.





RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Join

t Dec

ision

-mak

ing

for

Beng

uela

Cur

rent

Com

miss

ion

(BCC

).

No

Join

t Dec

ision

-mak

ing

Mec

hani

sm.

Join

t Man

agem

ent P

lan.

Cont

ribut

ed to

the

setti

ng u

p of

the

BCC

thro

ugh

Min

ister

ial a

nd

Man

agem

ent B

oard

mee

tings

.

Cont

ribut

ed to

scie

nce

plan

for

BCC

.

6 M

onth

del

ay in

impl

emen

ting

the

prog

ram

me.

Prog

ram

me

to b

e

impl

emen

ted

in

2008

/09

finan

cial y

ear.

Join

t Man

agem

ent P

lan.




RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

GO

AL:

TR

AN

SFO

RM

ATIO

N

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Fin

an

cia

l

Ma

na

gem

ent

Fina

ncia

l and

Bud

get

Man

agem

ent;

and

PFM

A

com

plia

nce

Inad

equa

te F

inan

cial

man

agem

ent s

yste

ms

and

over

-exp

endi

ture

early

war

ning

sys

tem

s

Cash

flow

pro

ject

s

capt

ured

on

exce

l

spre

adsh

eet.

Encu

mbr

ance

bud

getin

g

on O

racl

e

Man

agem

ent o

f sho

rt-

term

inve

stm

ents

.

90%

of e

ncum

bran

ce

budg

et m

anag

ed v

ia

Ora

cle

Fina

ncia

l sys

tem

.

Trai

ning

cou

rses

des

igne

d

for

staf

f on

Ora

cle.

Ora

cle

Stat

emen

ts.

Bank

sta

tem

ents

.

Audi

t Rep

orts

.

Min

utes

.

30 d

ay p

aym

ent t

erm

s.Ac

coun

ts P

ayab

le u

nit

impl

emen

ted

and

oper

atio

nal.

Mon

thly

reco

ncilia

tions

perfo

rmed

with

age

anal

ysis.

Disc

laim

ed A

udit

Opi

nion

.Im

prov

ed A

udit

Opi

nion

.Im

prov

ed A

udit

Opi

nion

with

7 q

ualifi

catio

ns.

Dev

elop

ed a

nd

impl

emen

ted

a M

LRF

Turn

arou

nd S

trat

egy.

Lim

ited

unde

rsta

ndin

g of

PFM

A pr

ovisi

ons

by n

on-

finan

cial s

taff

PFM

A w

orks

hops

with

Chie

f Dire

ctor

ates

Trai

ning

ses

sions

pro

vided

for

man

agem

ent b

ut n

ot

yet r

olle

d ou

t to

each

Chie

f Dire

ctor

ate.

Trai

ning

sch

edul

e to

be d

evel

oped

for

Chie

f

Dire

ctor

ate

sess

ions

.





RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Supp

ly Ch

ain

Man

agem

ent

New

Fin

ancia

l and

proc

urem

ent s

yste

ms

bein

g ro

lled

out

100%

adh

eren

ce to

SCM

; PPP

FA, P

FMA

and

Trea

sury

reg

ulat

ions

.

Bid

and

Disp

osal

Com

mitt

ees

oper

atio

nal.

Esta

blish

men

t of B

id a

nd

Disp

osal

Com

mitt

ees.

Audi

t Rep

orts

.

Bid

Com

mitt

ee m

inut

es.

Dra

ft po

licie

s fo

r M

LRF

Asse

t Man

agem

ent

and

sale

of c

onfis

cate

d

anim

als.

Mai

ntai

n 10

0%

adhe

renc

e to

SCM

and

PFM

A.

Asse

t Reg

ister

impl

emen

ted.

Ass

et p

olic

y

and

proc

edur

e m

anua

l

in p

lace

.

Dev

elop

men

t and

appr

oval

of A

sset

Man

agem

ent P

olici

es.

49%

BEE

spe

nd fo

r

MLR

F

55%

.46

% a

chie

ved

due

to

proc

urem

ent t

hrou

gh

singl

e so

urcin

g of

spec

ializ

ed r

esea

rch

equi

pmen

t fro

m o

vers

eas.

Inte

rnal

sta

keho

lder

s

mad

e aw

are

of ta

rget

s

and

expa

nded

dat

a ba

se

of B

EE s

ervic

e pr

ovid

ers

Reve

nue

Man

agem

ent

Dra

ft Po

licy

on C

ost

reco

very

.

Trea

sury

and

DEA

T Ap

prov

al o

f Cos

t

reco

very

fram

ewor

k.

Cost

Rec

over

y Fr

amew

ork

deve

lope

d bu

t not

impl

emen

ted

as d

eem

ed

not t

o be

a v

iabl

e fu

ndin

g

mod

el fo

r SA

fish

erie

s.

Cost

Rec

over

y

Fram

ewor

k an

d

alte

rnat

ives

to b

e

disc

usse

d fu

rthe

r w

ith

Nat

iona

l Tre

asur

y.

Reve

nue

Polic

y.




RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

0 sm

art c

ard

syst

em fo

r

the

fishi

ng in

dust

ry.

Blue

-Prin

ting

of s

yste

m.

1st p

hase

dev

elop

men

t

Appr

oval

from

Trea

sury

,

Risk

-Rew

ard

mod

el o

r N

T

fund

ing.

Smar

t car

d op

tion

de-p

riorit

ised

for

the

2007

/08

finan

cial y

ear.

Proj

ect p

lan

for

inve

stig

atin

g sm

art

card

opt

ions

dra

fted

and

pres

ente

d to

man

agem

ent f

or a

ctio

n

in 2

008/

09 fi

nanc

ial

year

.

Smar

t car

ds.

Skil

ls D

evel

op

men

t,

Tra

nsf

orm

ati

on

, C

om

mu

nic

ati

on

a

nd

Sta

keh

old

er

Rel

ati

on

s

Num

ber

of S

taff

trai

ned

and

spec

ific

skills

deve

lope

d.

Skills

Dev

elop

men

t

Plan

s fo

r ea

ch C

hief

Dire

ctor

ate.

10%

incr

ease

in th

e

num

ber

of s

taff

trai

ned

in s

pecia

lized

disc

iplin

es

and

scar

ce s

kills

.

Dep

artm

enta

l PhD

prog

ram

me

appr

oved

and

laun

ched

.

Vario

us tr

aini

ng c

ours

es

held

and

atte

nded

in a

ccor

danc

e w

ith

Wor

kpla

ce S

kills

Dev

elop

men

t Pla

n.

NO

RSA

Prog

ram

me

used

to a

ssist

with

pos

t

grad

uate

trai

ning

of

scie

ntist

s an

d re

sour

ce

man

ager

s.

Trai

ning

inst

itutio

ns;

Inte

rnat

iona

l coo

pera

tion;

Acad

emic

inst

itutio

ns; H

R.

DEA

T EE

sta

ff ta

rget

s.Pr

ofile

as

of M

arch

200

7.10

% im

prov

emen

t in

EE

profi

les

in a

ccor

danc

e

with

DEA

T an

d D

OL

requ

irem

ents

.

Afric

an -

40.8

%

Colo

ured

- 29

.5%

Indi

an -

2.1%

Whi

tes

- 27.

6%

Fem

ales

- 32

.6%

Mal

es -

67.3

%

Vaca

ncy

rate

red

uced

to

18%

EE p

rofil

e im

prov

ed a

nd

will

be fu

rthe

r ad

dres

sed

thou

gh fi

ling

of e

xist

ing

vaca

ncie

s.

HR;

DO

L; D

EAT.





RE

PO

RT

OF

TH

E A

CC

OU

NT

ING

AU

TH

OR

ITY

fo

r th

e y

ear

en

de

d 3

1 M

arc

h 2

008 (

Co

nti

nu

ed

)

Key

Per

form

an

ce

Are

a

Key

Per

form

an

ce

Ind

ica

tors

Ba

seli

ne

Ta

rget

s fo

r

2007/2

008

Ach

ieve

men

ts /

Ch

all

enge

s

Co

rrec

tive

Mea

sure

s

Evi

den

ce

Appl

icatio

n of

BEE

prin

ciple

s in

Sup

ply

Chai

n M

anag

emen

t and

deve

lop

stra

tegi

es to

adva

nce

tran

sfor

mat

ion

of th

e fis

hing

indu

stry

.

48 %

BEE

spe

nd55

%.

Inve

stig

ate

elem

ents

of a

Tran

sfor

mat

ion

Char

ter

for

the

indu

stry

.

46%

ach

ieve

d.St

rate

gy to

be

deve

lope

d

to a

ddre

ss s

ingl

e

sour

cing

cons

trai

nts

for

spec

ializ

ed e

quip

men

t.

Supp

ly Ch

ain

docu

men

ts

Tran

sfor

mat

ion

Char

ters

.

Cons

olid

ated

& In

form

ed

advic

e to

Min

ister

.

Cons

ulta

tive

Advis

ory

Foru

m (C

AF) d

efun

ct.

Func

tiona

lity

- 90%

of

Sect

or M

anag

emen

t

Wor

king

Gro

ups

and

Loca

l Fish

ery

Man

agem

ent

Com

mitt

ees.

Func

tiona

l Con

sulta

tive

Advis

ory

Foru

m (C

AF).

100%

of O

ffsho

re a

nd

Hig

h Se

as F

isher

ies

&

95%

of I

nsho

re F

isher

ies

Man

agem

ent W

orki

ng

Gro

ups

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ask

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.




1




LIST OF ACRONYMS

ACAP Agreement on Conservation of Albatross and Petrels

MAST Marine Administration System

ASCLME Algulhas and Somali Current Large Marine Ecosystem

MCM Marine and Coastal Management

ATC Antarctic Treaty Commission MCS Monitoring, Control and SurveillanceATIC Access To Information Centre MLRA Marine Living Resources ActBBWW Boat Based Whale Watching MLRF Marine Living Resources FundBCC Benguela Current Commission MPA Marine Protected AreaBBEE Broad Based Black Economic

EmpowermentMSP Master Service Plan

BEE Black Economic Empowerment MTEF Medium Term Expenditure FrameworkBCLME Benguela Current Large Marine Ecosystem MOU Memorandum of UnderstandingBENEFIT Benguela Ecosystems Interaction and

TrainingMPA Marine Protected Area

CAF Consultative Advisory Forum NEPAD New Economic Partnership for African Development

CCAMLR Commission for the Conservation of Antarctic Marine Living Resources

NORSA Norwegian/South African Fisheries Programme

COFI Committee of Fisheries NPA National Prosecuting AuthorityCOMNAP Council of Managers of National Antarctic

ProgrammesNPOA National Plan of Action

COPS Conference of Parties NT National TreasuryDEAT Department of Environmental Affairs and

TourismPCC Provincial Coastal Committee

DOL Department of Labour PFMA Public Finance Management ActDOT Department of Transport PMDS Performance Management Development

ScheduleDPSA Department of Public Service

AdministrationPPPFA Preferential Procurement Framework Act

DST Department of Science and Technology PSA Public Service AdministrationEAF Ecosystems Approaches to Fisheries RFMO Regional Fishery Management

OrganisationEDMS Electronic Data Management System SADC Southern African Development

CommunityECPB Eastern Cape Parks Board SAMSA South African Maritime Safety AuthorityEE Employment Equity SANParks South African National ParksENE Estimates of National Expenditure SARS South African Revenue ServiceEPV Environment Protection Vessel SAPS South African Police ServiceEQP Environmental Quality and Protection SCL Sustainable Coastal LivelihoodsFPE Fish Processing Establishments SCM Supply Chain ManagementHR Human Resources SEAFO South East Atlantic Fisheries OrganisationICCAT International Commission for the

Conservation of Atlantic TunaSLA Service Level Agreement

HMCI Honorary Marine Control Inspector SWIOFP South West Indian Ocean Fisheries Project

ICM Bill Integrated Coastal Management Bill TAC Total Allowable CatchIDP Integrated Development Plan TAE Total Allowable EffortIOTC Indian Ocean Tuna Commission TOR Terms of ReferenceIUU Illegal, Unreported and Unregulated

(fishing)VMS Vessel Monitoring System

IWC International Whaling Conference WC Western CapeLAN Local Area Network WSCD White Shark Cage DivingLME Large Marine Ecosystems WSP Workplace Skills Programme




INTERNATIONAL TRIPS

There were 50 international trips undertaken by MCM officials and these trips are categorized under International

Conventions, Scientific and Technical meetings and Capacity Building.

Trip Date Country Delegates Costs & Source

Of Funding

Meeting

status

International Conventions

1. 11 - 18 May

2007

Canada Ms D Arendse R26 167

NORAD

Scientific

Workshop2. 22 - 31 May

2007

Alaska, USA Mr H Oosthuizen R82 085

MCM

Scientific

Commission

meeting3. 28 May - 1 June

2007

Japan Dr J Huggett R11 211

MCM

Scintific

Workshop4. 21 - 30 May

2007

Spain Ms M Thosago R78 366

AECI

Training

5. 2-7 June 2007 Norway A Naidoo

T Nkomana

J. Augustyn

S Middleton

R209 478

NORAD

Bilateral

Cooperation

6. 4 - 7 June 2007 France Ms J Coetzee R12 395

MCM

ICES Workshop

7. 18 - 28 June

2007

Paris, France Mr A S. Johnson R18 880

MCM

UNESCO

Commission8. 14 - 16 June

2007

Windhoek,

Namibia

Mr S Mukwevho R4 248

DEAT

SADC ICM

9. 2 - 11 July 2007 Valdivia, Chile Dr RJM Crawford R29 612

MCM

ACAP

Scientific

meeting10. 22 - 26 July 2007 Portland, Oregon,

USA

Dr D.E. Malan

Mr Sandiso Zide

R46 838

MCM

Bennial

Coastal Zone

Conference11. 3 -19 August

2007

Norway Mr BP Semoli R13 095

DEAT

Exchange visit

on marine

aquaculture12. 23 - 28 Sept

2007

Prince Edward,

Canada

Dr A. Cockcroft

MS F Keulder

R46 411

MCM

Scientific

Workshop13. 3 - 7 Sept 2007 Hobart, Australia Dr Crawford

Mr Makhado

R68 000

MCM

Scientific

Conference

14. 11 - 13 Sept

2007

Qingdoa, China Dr M Mayekiso R30 980

MCM

LME Global

Conference 15. 18 – 21 Sept

2007

China Dr N Mdzeke R53 213 MCM CBD

Conference16. 21 Sept 2007 Sweden Dr M Mayekiso R9 870

Norad

Award

ceremony






Of Funding

Meeting

status

International Conventions continued

17. 30 Sept 2007 -

3 Oct 2007

Lisbon, Portugal Dr. R. F. Osborne

Mr. S. Tsotsobe

R56 520

MCM

Scientific

Meeting 18. 8- 26 Oct 2007

22 Oct 2007- 2

Nov 2007

Hobart, Australia Dr Leslie

Ms Akkers

Mr Fikizolo

R74 537

DEAT

CCAMLR

Commission

meeting

19. 15 - 31 Oct

2007

Bremen,

Germany

Dr H Verheye

Mr M Worship

R45 000

NRF

Scientific

Workshop

20. 19 - 26 Oct

2007

Guinea Dr Johann Augustyn

Mr Andre Share

R57 132

DFA

Development

support 21. 29 - 31 October

2007

Mozambique Mr K Govender R11 200

DEAT

London

Convention

Dumping22. 5-9 Nov 2007 IMO

Headquarters,

London

Dr. Y. Peterson R36 478 DEAT London

Convention

and protocol

meeting

23. 5-9 Nov 2007 Victoria,

Seychelles

Mr C Smith R36 388 DEAT IOTC Scintific

Meeting 24. 9-18 Nov 2007 Turkey A Share

C Smith

R67 526 ICCAT

Commision

meeting25. 26-30 Nov 2007 Trieste, Italy Dr L.J. Shannon R12 718

DEAT

European

Conference

on Ecological

Modelling

26. 4-8 Feb 2008 Santa Cruz, USA TP Fairweather R11 464 DEAT Scientific

Conference27. 25 - 27 Feb

2008

England H. Oosthuizen R32 213 MCM IWC

Commission

meeting







Of Funding

Meeting

status

Scientific and Technical meetings

28. 16-20 April

2007

Chile and

Argentina

Dr M Mayekiso,

Mr C Mangcu Mr

A Johnston, Mr N

Waldeck Mr N Jaffer

(NGO)

R248 757 MCM Bilateral on

Aquaculture

Development

29. 23-26 April

2007

Germany S Oosthuizen R29 734

Jointly with MCM /

AWI/Germany

Scientific

meeting

30. 30 April -11

May 2007

India Mr H Valentine

Ms L Molefe

Ms C Jacobs

R36 000 p/p MCM Consultative

meeting

31. 13-18 May

2007

Victoria,

Seychelles

Mr C Smith R15 442

MCM

Scientific

Meeting 32. 14-25 May

2007

Norway Dr Marek

R Lipinski

R20 000

BENEFIT/BCLME

Scientific

meeting33. 28 May - 1 June

2007

France Dr L Shannon R10 000 MCM Consultative

scientific

meeting34. 18 - 22 June

2007

London Dr Y Petersen R61 241

MCM

London

Convention35. 8-13 July 2007 Washington,

USA

Mr HR Valentine

Mr RN Skinner

R28 200 MCM Annual meeting

36. 1-10 Aug 2007 Mauritius Dr A Cockroft

G. Maharaj

R19 776 MCM SWIOFC

Scientific 37. 1-5 Oct 2007 Swakopmud

Namibia

Dr M Lipinski R11 000

DEAT

Scientific

meeting38. 8-12 Oct 2007 Windhoek,

Namibia

Mr. Saasa Pheeha

M Kashorte

R4 000

DEAT

R8 000 UNFSA

SEAFO

Convention

meeting39. 16-20 October

2007

Adeje, Tenerife,

Spain

Ms Ntombi Makwabe R47 968

UNEP DEAT

Workshop

40. 17-21 Oct

2007

Qingdao, China Ms S du Plessis R8 035

MCM

Scientific

meeting41. 21-24 Nov

2007

Pucon, Chile Dr RJ Anderson

Mark Rothman

R56 770 UCT

R15 232 MCM

Scientific

meeting42. 11-13 Dec

2007

Seychells Mr H Oosthuizen

Mr S Pheeha

R47 234 DEAT SEAFO

Scientific

meeting43. 17-20 Dec

2007

Seychelles Dr A Cockroft R19 776 MCM SWIOF

Commision

meeting44. 20 March - 12

April 2008

Walvis Bay,

Namibia to

Mindelo, Cape

Verde Islands.

Dr H.M. Verheye,

Mr A. Miggel

Dr Dawit

GHebrehiwel

R14 806

NRF GerSA

Scientific

Workshop


Marine Living Resources Fund Annual Report 2007-2008 5150 marine living resources fund annual report 2007-2008




of Funding

Meeting

Status

Capacity Building

45. 24 July - 13 Aug

2007

Warnemuende,

Germany

Mr H.E. Ismail R17 500

BENEFIT

Technical

assistance and

training course46. 1 Sept - 5 Oct

2007

Sweden Sandiso Zide R22 498 SIDA

Training47. 01 Sept - 31

Oct 2007

Mozambique,

Tanzania,

Comoros and

Madagascar

Mike Roberts, Marcel

van den Berg, Rick

Harding, Ray Barlow,

Heather Sessions,

Tarron Lamont, Jenny

Huggett, Marco

Worship, Philip

Woodhead

R64 865

MCM

Scientific Cruise

48. 3 - 5 Oct 2007 Sweden Ms B Polo R42 000 SIDA Training49. 1 - 5 Oct 2007 Sweden Mr S Zide R11 470

DEAT

SIDA Training

50. 12 Nov 2007- 8

Dec 2007

Malmö, Sweden F. Albertus-Stanley R18 344

SIDA

SIDA Training

Ms N Jezile

Director-General

Accounting Authority

Date: 13 June 2008


Marine Living Resources Fund Annual Report 2007-2008 5150 marine living resources fund annual report 2007-2008



STATEMENT OF FINANCIAL POSITION as at 31 March 2008

2008 2007)

NOTES R’000 R’000)

ASSETS

Non-current assets

Plant and equipment 2 12 522 9 352)

Intangible assets 3 2 705 5 114)

15 227 14 466)

Current assets

Inventory 4 3 474 17 647)

Trade and other receivables 5 23 131 6 821)

Cash and cash equivalents 6 60 232 28 103)

86 837 52 571)

Total assets 102 064 67 037)

LIABILITIES

Current liabilities

Deferred income 7 17 174 29 488)

Donor funds 8 8 947 8 631)

Trade and other payables 9 46 747 41 469)

Bank overdraft 6 - 378)

Total liabilities 72 868 79 966)

Net assets 29 196 (12 929)

NET ASSETS

Accumulated surplus/(deficit) 29 196 (12 929)

Total net assets 29 196 (12 929)




STATEMENT OF FINANCIAL PERFORMANCE for the year ended 31 March 2008

2008) 2007)

NOTES R’000) R’000)

Revenue

Operating revenue 10 108 049) 116 753)

Other income 11 169 955) 207 603)

Foreign exchange surplus 13 636) –)

Finance income 14 4 335) 468)

Donor funds 8 16 480) 5 887)

299 455) 330 711)

Expenses

Consumables used (4 843) (3 042)

Depreciation (6 582) (3 956)

Transportation cost (20 750) (23 874)

Advertising costs (658) (1 464)

Operating lease payments (1 103) (940)

Other deficits 13 – (7)

Other operational costs (206 914) (238 982)

Finance cost 15 – (245)

Donor funds 8 (16 480) (5 887)

(257 330) (278 397)

Surplus for the year 42 125) 52 314)





STATEMENT OF CHANGES IN NET ASSETS for the year ended 31 March 2008

ACCUMULATED Total net

SURPLUS assets

NOTES R’000 R’000

Balance at 1 April 2006 (65 243) (65 243)

Surplus for the year 52 314 52 314

Surplus for the year as previously reported 16 62 366 62 366

Effect of restatements due to prior year errors 16 (10 052) (10 052)

Restated balance at 31 March 2007 (12 929) (12 929)

Balance at 1 April 2007 (12 929) (12 929)

Surplus for the year 42 125 42 125

Balance at 31 March 2008 29 196 29 196




CASH FLOW STATEMENT for the year ended 31 March 2008

2008) 2007)

NOTES R’000) R’000)

Cash flows from operating activities

Cash receipts from customers 279 593) 308 662)

Cash paid to suppliers and employees (244 646) (301 829)

Net cash generated by operations 17.1 34 947) 6 833)

Finance cost –) (245)

Finance income 4 335) 468)

Net cash inflow from operating activities 39 282) 7 056)

Cash flows from investing activities

Purchases of plant and equipment (6 480) (3 629)

Purchases of plant and equipment funded by

government grants 7 (19 433) (31 664)

Proceeds from disposal of plant and equipment -) 342)

Purchases of intangible assets (862) (5 897)

Net cash outflow from investing activities (26 775) (40 848)

Cash flows from financing activities

Proceeds from capital grants received 20 000) 51 946)

Net cash inflow from financing activities 20 000) 51 946)

Net increase in cash and cash equivalents 32 507) 18 154)

Cash and cash equivalents at the beginning of the year 27 725) 9 571)

Cash and cash equivalents at the end

of the year 6 60 232) 27 725)





NOTES TO THE ANNUAL FINANCIAL STATEMENTS for the year ended 31 March 2008

1 ACCOUNTING POLICIES

The principal accounting policies adopted in preparation of these financial statements are set out below:

1.1 BASIS OF PREPARATION

The financial statements have been prepared in accordance with South African Standards of Generally

Accepted Accounting Practices (GAAP) including any interpretations of such Standards issued by the

Accounting Practice Board, with the effective Standards of Generally Recognised Accounting Practice

(GRAP), issued by the Accounting Standards Board replacing the equivalent GAAP statements as follows:

Standards of GRAP Replaced Standards of GAAPGRAP 1: Presentation of financial statements AC 101: Presentation of financial statementsGRAP 2: Cash flow statements AC 118: Cash flow statementsGRAP 3: Accounting policies, changes in accounting estimates and errors

AC 103: Accounting policies, changes in accounting estimates and errors

Currently the recognition and measurement principles in the above GRAP and GAAP statements do not

differ or result in material differences in items presented and disclosed in the financial statements. The

implementation of GRAP 1, 2 & 3 has resulted in the following changes in the presentation of the financial

statements:

1.1.1 Terminology differences:

Standards of GRAP Replaced Standards of GAAPStatement of financial performance Income statementStatement of financial position Balance sheetStatement of changes in net assets Statement in changes in equityNet assets EquitySurplus / Deficit Profit / loss Accumulated surplus / deficit Retained earningsContribution form owners Share capitalDistribution to owners Dividends

1.1.2 The cash flow statement can only be prepared in accordance with the direct method.

1.1.3 Specific information has been presented separately on the statement of position such as:

(a) Receivables from non-exchange transactions including taxes and transfers;

(b) Taxes and transfers payable;

(c) Trade and other payables from non-exchange transactions.

1.1.4 Amount and nature of any restrictions on cash balances is required.

Paragraph 11 - 15 of GRAP 1 has not been implemented due to the fact that the local and international

budget reporting standard is not effective for this financial year. Although the inclusion of budget

information would enhance the usefulness of the financial statements, non-disclosure will not affect the

objective of the financial statements.




NOTES TO THE ANNUAL FINANCIAL STATEMENTS for the year ended 31 March 2008 (Continued)

1.2 ADDITIONAL

BASIS OF PREPARATION (Continued)

The financial statements have been prepared under the historical cost convention except as disclosed in

the accounting policies below. The policies used in preparing the financial statements are consistent with

those of the previous year, unless otherwise stated.

Preparation of the financial statements as disclosed in 1.1 (Basis of preparation) requires the officers to

make estimates and assumptions that affect the reported amounts of assets and liabilities at the date

of the financial statements and the reported amounts of revenues and expenses during the reporting

period. The areas involving a higher degree of judgment or complexity, or areas where assumptions and

estimates are significant to the financial statements, are disclosed in ‘Critical accounting estimates and

judgements’. Actual results may differ from those estimates.

1.3 PRESENTATION CURRENCY

The functional currency of the Fund is South African Rand. These annual financial statements are presented

in South African Rand. All amounts have been rounded to the nearest thousand (1 000) Rand.

1.4 GOING CONCERN ASSUMPTION

These annual financial statements are prepared on a going concern basis.

1.5 FOREIGN CURRENCIES

Transactions denominated in foreign currencies are translated at the rate of exchange ruling on the

transaction date. Monetary items denominated in foreign currencies are translated at the rate of

exchange ruling at the reporting date. Gains or losses arising on translation are credited to or charged

against surplus/deficit.

1.6 PLANT AND EQUIPMENT

All items of plant and equipment are stated at historical cost less depreciation. Historical cost included expenditure

that is directly attributable for the acquisition of the items, except for assets funded from government grants. The

cost price of assets funded from government grants are reduced by the government grant relating to that asset.

Depreciation is calculated on the straight-line method to allocate their cost to their residual values over their

estimated useful lives. The estimated useful lives for the various classes of assets are disclosed below:

Number of years:Infrastructure fixed 15 - 25Computer equipment 3Computer software 2Furniture and fittings 10Plant and equipment 5Vehicles 5Vessels - inflatable and ski boats 5Vessels - Research and patrol – Hull 20 – Propulsion system, engine, gear box, propellers 20 – Deck equipment, rib, winches, cranes and anchors 5 – Navigation, communication and scientific surveillance equipment 3 – Life rafts 3






1.6 PLANT AND EQUIPMENT (Continued)

Plant and equipment is recorded and treated according to purchase values.

Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as

appropriate, only when it is probable that future economic benefits associated with the item will flow

to the fund and the cost of the item can be measured reliably. The carrying amount of the replaced

part is derecognised. All other repairs and maintenance costs are charged to the statement of financial

performance during the financial period in which they are incurred.

Each part of an item of plant and equipment with a cost that is significant in relation to the total cost of

the item shall be depreciated separately.

The Fund deems vessels as the only asset category with significantly identifiable components for the

purposes of depreciation.

Borrowings costs and certain direct costs relating to major capital projects are capitalised during the

period of development or construction, until the asset is brought into operation.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and

are recognised within other (losses)/gains - net, in the statement of financial performance.

Where the carrying amount of an asset is greater than its estimated recoverable amount, it is written

down immediately to its recoverable amount.

Asset useful lives and residual values

Plant and equipment is depreciated over its useful life taking into account residual values where appropriate.

The actual useful lives of the assets and residual values are assessed annually and may vary depending on a

number of factors. In re-assessing asset useful lives, factors such as technological innovation, product life

cycles and maintenance programmes are taken into account. Residual value assessments consider issues

such as future market conditions, the remaining life of the asset and projected disposal values.

1.7 INTANGIBLE ASSETS

Computer software is acquired by the Fund, which have finite useful lives, are measured at cost less

accumulated amortization and accumulated impairment losses.





1.7 INTANGIBLE ASSETS (Continued)

Subsequent expenditure

Subsequent expenditure is capitalized only when it increases the future economic benefits embodied in

the specific asset to which it relates. All other expenditure is recognized in profit or loss as incurred.

Amortisation

Amortisation is recognized in profit or loss on a straight-line basis over the estimated useful lives of

intangible assets from the date that they are available for use. The estimated useful lives for the current

and comparative years are as follows:

Computer software – 2 years

1.8 IMPAIRMENT OF ASSETS

The assets are considered for impairment if there is a reason to believe that impairment may be necessary.

An impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its

recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs to sell and

value in use. For the purpose of assessing impairment, assets are grouped at the lowest levels for which

there are separately identifiable cash flows (‘cash-generating units’). Assets that have been identified as

being impaired are reviewed at each reporting date.

1.9 INVENTORY

Inventory is valued at the lower of cost and net realisable value on a first-in, first-out basis. Net realisable

value is the estimated selling price in the ordinary course of business, less applicable variable selling

expenses. Confiscated abalone is recorded at a fair value of the raw unprocessed abalone plus subsequent

costs occurred for those abalone processed on hand.

1.10 LEASES

Leases of assets under which substantially all the risks and benefits of ownership are effectively retained

by the lessor are classified as operating leases. Payments made under operating leases are charged to the

statement of financial performance on a straight-line basis over the period of the lease.

1.11 BORROWINGS

Borrowings, inclusive of transaction costs, are recognised initially at fair value. Borrowings are subsequently

stated at amortised cost using the effective interest rate method. Any difference between proceeds and

the redemption value is recognised in the statement of financial performance over the period of the

borrowing using the effective interest rate method.

Borrowings are classified as current liabilities unless the fund has an unconditional right to defer

settlement of the liability for at least 12 months after the reporting date.






1.12 CASH AND CASH EQUIVALENTS

Cash and cash equivalents are carried in the statement of financial position at face value. Cash and cash

equivalents comprise cash on hand, deposits held on call with banks, and investments in money market

instruments. In the statement of financial position and cash flow statement bank overdrafts are included

in borrowings.

1.13 PROVISIONS

Provisions are recognised when the fund has a present legal or constructive obligation as a result of past

events, it is probable that an outflow of resources will be required to settle the obligation, and a reliable

estimate of the amount of the obligation can be made.

Provisions are measured at the present value of the expenditures expected to be required to settle the

obligation using the effective interest rate that reflects current market assessments of the time value

of money and the risks specific to the obligation. The increase in provision due to passage of time is

recognised as finance charges.

1.14 REVENUE RECOGNITION

Revenue comprises the fair value of a consideration received or receivable. The Fund recognises revenue

when the amount of revenue can be reliably measured, it is probable that future economic benefits will

flow to the entity and specific criteria have been met for the Funds activities as described below. The

amount is not considered to be reliably measurable until all contingencies relating to the sale have been

resolved.

Levies on fish products are recognised on receipt of monthly levy declaration certificates from the right

holders.

Application fees, licences and permits are accounted for when they are supplied. Interest income is

recognised on a time-proportion basis using the effective interest rate method, taking into account the

principal outstanding and the effective interest rate over the period to maturity.

1.15 FINANCIAL INSTRUMENTS

Financial instruments carried at the statement of financial position date include cash and bank balances,

investments, receivables, trade creditors and borrowings. The particular recognition methods adopted

are disclosed in the individual policy statements associated with each item.

1.16 FINANCIAL ASSETS

The Fund classifies its financial assets as loans and receivables. The classification depends on the purpose

for which the financial assets were acquired. Management determines the classification of its financial

assets at initial recognition and re-evaluates this designation at every reporting period.





1.16 FINANCIAL ASSETS (Continued)

1.16.1 Trade receivables

Trade receivables are recognised initially at fair value and measured at amortised cost using the effective

interest rate method, less a provision for impairment. This provision is based on a review of all outstanding

amounts at year end and is established when there is objective evidence that the fund will not be able

to collect all amounts due according to the original terms. The amount of the provision is the difference

between the asset’s carrying amount and the present value of estimated future cash flows, discounted

at the effective interest rate. Bad debts are written off during the year in which they are identified.

Subsequent recoveries of amounts previously written off are credited against the relevant revenue

stream in the statement of financial performance.

1.16.2 Loans and receivables

Loans and receivables are non-derivative financial assets with fixed or determinable payments that are

not quoted in an active market. Loans and receivables originated by the fund are included in non current

assets. The portion of loans and receivables that is receivable during the next 12 months is included in

current assets.

1.16.3 Trade payables

Trade payables are recognised initially at fair value and subsequently measured at amortised cost using

effective interest method.

1.17 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

The fund makes estimates and assumptions concerning the future. The resulting accounting estimates will,

by definition, seldom equal the related actual results. Estimates and judgements are continually evaluated

and are based on historical experience and other factors, including expectations of future events that are

believed to be reasonable under the circumstances. The estimates and assumptions that have a significant

risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next

financial year are discussed below.

1.17.1 Provision for impairment of receivables

An estimate for the impairment of receivables is made when collection of the full amount is no longer

probable. The provision for impairment debt shall be calculated on trade receivables only, i.e. harbour and

levy receivables. The total impairment provision of the Fund shall be calculated either by individual debtor

or at least per risk category.

1.17.2 Confiscated Goods Fair Values

Confiscated abalone is brought into the financial statements at the fair value of the raw unprocessed

abalone plus subsequent costs incurred for those abalone processed on hand. There is no market for

raw unprocessed abalone that does not have an SABS Certificate, as the products are considered illegal.

The fair value of the raw unprocessed abalone is an estimate determined by adjusting the fair value of raw

unprocessed abalone with a SABS Certificate to a reasonable value for abalone without a certificate.






1.18 GOVERNMENT GRANTS

Government grants are assistance by government in the form of transfer of resources in return for

compliance with conditions related to operating activities. Grants are recognised on a systematic basis

over periods necessary to match them with the related costs except for government grants relating to

assets. Government grants relating to assets are recognised as a deduction from the cost of the asset.

1.19 FRUITLESS AND WASTEFUL EXPENDITURE

Fruitless and wasteful expenditure is recognised as expenditure in the statement of financial performance

and where recovered, it is subsequently accounted for as revenue in the statement of financial

performance.

1.20 ADOPTION OF IFRS 7

In the current year, the entity has adopted IFRS 7 Financial Instruments: Disclosures which is effective

for annual reporting periods beginning on or after 1 January 2007, and the consequential amendments

to IAS 1 Presentation of Financial Statements. This standard, which replaces rules previously set out in

IAS 32 Financial Instruments: Presentation and Disclosure, has been applied by the entity. All disclosures

relating to financial instruments including all comparative information have been updated to reflect the

new requirements.

The first-time application of IFRS 7 has not resulted in any prior-period adjustments of cash-flows,

financial performance or financial position line items.




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2 PLANT AND EQUIPMENT (Continued)

The cost price of assets funded from government grants are reduced by the government grant relating

to that asset.

Documented below is an analysis of the costs incurred with regard to vessels prior to the reduction of

government grants.

Vessels funded from government Balance Additions for Balance

grants consist of: 1 April 2007 the year 31 Mar 2008

R’000 R’000 R’000

Sarah Baartman 158 885 2 294 161 179

Lillian Ngoyi 99 470 – 99 470

Ruth First 95 205 – 95 205

Victoria Mxenge 96 417 – 96 417

Ellen Khuzwayo 87 119 17 139 104 258

537 096 19 433 556 529

2008) 2007)

R’000) R’000)

3 INTANGIBLE ASSETS

Computer software

Opening carrying value 5 114) –)

Additions 862) 5 897)

Amortisation charge (3 271) (783)

2 705) 5 114)

At 31 March

Cost 6 768) 5 906)

Accumulated amortisation (4 063) (792)

2 705) 5 114)

4 INVENTORY

Confiscated abalone 3 303) 17 534)

Consumables 171) 113)

3 474) 17 647)

Confiscated abalone balance in the prior year was

restated to fair value of raw unprocessed abalone

including subsequent costs incurred for those abalone

processed on hand.





2008) 2007)

R’000) R’000)

5 TRADE AND OTHER RECEIVABLES

Trade receivables - local 23 760) 6 972)

Less: Provision for impairment of trade receivables (2 299) (1 716)

Trade receivables - net 21 461) 5 256)

Prepayments and advances 1 490) 1 090)

Other receivables 180) 475)

23 131) 6 821)

The increase in trade and other receivables for the

current financial year is due to a significant debtor being

uncollected at year end. This outstanding debt is less than

30 days.

Included in Prepayments and advances is a receivable from

a related party (Department of Environmental Affairs and

Tourism) of R1 080 657 (2007: R898 946).

The fair value of trade and other receivables approximate

their carrying values.

The Fund has recognised a provision of R2 299 000 (2007:

R1 716 000) for the impairment of its trade receivables

during the year ended 31 March 2008.

Movements on the provision for impairment of trade

receivables are as follows:

At the beginning of the year 1 716) 19 392)

Increase/(decrease) in provision from prior year 583) (17 676)

At the end of the year 2 299) 1 716)

The creation of the provision for impaired receivables

has been included in the relevant income stream in the

statement of financial performance. Amounts charged

to the provision for impairment account are generally

written off when there is no expectation of recovery of

additional cash.

The other classes of receivables do not contain impaired

assets.

The maximum exposure to credit risk at the reporting

date is the fair value of each class of receivables mentioned

above. The fund does not hold any collateral as security.






2008) 2007)

R’000) R’000)

6 CASH AND CASH EQUIVALENTS

Cash at bank and on hand 2 007) 1 170)

Short-term investments 58 225) 26 933)

60 232) 28 103)

Cash, cash equivalents and bank overdrafts include the

following for the purposes of the cash flow statement:

Cash at bank on hand 60 232) 28 103)

Bank overdraft –) (378)

60 232) 27 725)

7 DEFERRED INCOME

Balance at the beginning of the year 29 488) 43 137)

Capital grants received 20 000) 51 946)

Operating grants (over)/under utilised (7 422) 6 359)

Expenditure incurred (24 892) (71 954)

Capital expenditure (refer note 2) (19 433) (31 664)

Operational expenditure (5 459) (40 290)

17 174) 29 488)

The utilisation of capital grants for operational projects

have been approved by National Treasury.

8 DONOR FUNDS

Balance at the beginning of the year 8 631) 5 957)

Donor receipts 15 421) 8 042)

Interest earned 1 375) 519)

Donor expenses (16 480) (5 887)

Balance at the end of the year 8 947) 8 631)

9 TRADE AND OTHER PAYABLES

Trade payables - local 38 962) 35 652)

Trade payables - foreign 936) 12)

Inventory accounts payable accrual 69) 35)

Amounts due to related parties 6 780) 5 770)

46 747) 41 469)

The fair value of trade and other payables transactions

approximate their carrying value.


marine living resources fund annual report 2007-2008 6766 Marine Living Resources Fund Annual Report 2007-2008



2008) 2007

R’000) R’000

10 OPERATING REVENUE

Operating income consist of the following:

Application fees 1 278) 1 621

Chartering of departmental vessels 19 617) 24 156

Harbour fees 3 755) 4 295

Levy of fish products 54 471) 54 002

Licenses and permits 27 744) 31 948

Pollution clean up equipment hire 1 184) 731

108 049) 116 753

11 OTHER INCOME

Other income consist of the following:

Confiscated assets and fish products 39 097) 57 345

– Confiscated assets and fish products 55 013) 43 384

– Net movement in confiscated inventory (15 916) 13 961

Fines 2 261) 2 405

Grants and other transfer payments 127 870) 145 501

– Operating grants utilized 127 812) 142 600

– Operational grants unspent 58) 2 901

Other income 727) 2 352

169 955) 207 603

Detailed information is disclosed for Government

Grants. Refer to note 18.






2008 2007)

R’000 R’000)

12 OPERATING PROFIT

Operating profit is stated after:

Operating lease charges

– Office equipment 1 103 940)

Auditors’ remuneration

– Audit fees 1 716 614)

Professional fees 47 228 66 058)

Increase/(decrease) of impairment provision for trade

receivables 583 (17 676)

Bad debt write-off for the year 1 133 19 422)

Commission paid 8 012 8 118)

Depreciation

– A detailed analysis of depreciation can be found in the

detailed statement of financial performance 6 582 3 956)

Legal costs 2 801 186)

Minor assets purchased 60 311)

Repairs and maintenance 795 1 251)

Vessel operating costs 111 269 123 580)

13 FOREIGN EXCHANGE SURPLUS/(DEFICIT)

The exchange differences credited/(charged) to the

statement of financial performance are included as

follows:

Other deficits – (7)

Foreign exchange surplus 636 –)

636 (7)





2008 2007

R’000 R’000

14 FINANCE INCOME

Interest earned on investments and cash balances 4 064 334

Levies and other outstanding amounts 271 134

4 335 468

15 FINANCE COST

Interest paid on trade payables – 245

16 PRIOR YEAR ERRORS

Plant and equipment

During the year the Fund correctly accounted for the

Florence Mkhize by recognising the vessel at cost.

Trade receivables

The Fund corrected its trade receivables that originated

in an overstatement in the prior year.

Deferred income

The Fund has corrected the unspent grants for the

construction of vessels which were recognised in the

statement of financial performance.

Trade payables

During the year the Fund made appropriate adjustments

to correct the overstatement of trade payables.






16 Prior years errors (Continued) As previously Prior year Restated

stated errors amount

R’000 R’000 R’000

Reconciliation of retained earnings

on 31 March 2007

ASSETS

Non-current assets

Plant and equipment 10 297) (945) 9 352)

Intangibles 5 114) –) 5 114)

15 411) (945) 14 466)

Current assets

Inventories 17 647) –) 17 647)

Trade and other receivables 7 338) (517) 6 821)

Cash and cash equivalents 28 103) –) 28 103)

53 088) (517) 52 571)

Total assets 68 499) (1 462) 67 037)

LIABILITIES

Current liabilities

Deferred income 17 390) 12 098) 29 488)

Trade and other payables 44 977) (3 508) 41 469)

Donor funds 8 631) –) 8 631)

Bank overdraft 378) –) 378)

Total liabilities 71 376) 8 590) 79 966)

Total net assets (2 877) (10 052) (12 929)





16 Prior years errors (Continued) As previously Prior year Restated

stated errors amount

R’000 R’000 R’000

NET ASSETS

Accumulated deficit (2 877) (10 052) (12 929)

Net assets (2 877) (10 052) (12 929)

Reconciliation of surplus for

the year 2007

Operating revenue 117 341) (588) 116 753)

Other income 222 601) (14 998) 207 603)

Donor funds 5 887) –) 5 887)

Consumables used (3 735) 693) (3 042)

Depreciation (3 956) –) (3 956)

Transportation cost (27 835) 3 961) (23 874)

Advertising costs (1 464) –) (1 464)

Operating lease payments (940) –) (940)

Other deficits (7) –) (7)

Other operational costs (239 862) 880) (238 982)

Donor funds expenses (5 887) –) (5 887)

Surplus 62 143) (10 052) 52 091)

Foreign exchange surplus –) –) –)

Interest income 468) –) 468)

Interest expense (245) –) (245)

Surplus for the year 62 366) (10 052) 52 314)






2008) 2007)

R’000) R’000)

17 CASH FLOW INFORMATION

17.1 Cash generated by operations

Operating surplus 42 125) 52 314)

Non cash items and items dealt with separately:

Bad debt write-off 1 133) 19 422)

Depreciation 6 582) 3 956)

Finance income (4 335) (468)

Interest expense –) 245)

Operational purchases funded from government grants (5 459) (40 290)

Increase/(decrease) in provision for impairment of

trade receivables 583) (17 676)

Fair value adjustment for inventory 15 916) (13 961)

Operating grants (over)/under utilised (7 422) 6 359)

Surplus on foreign exchange translation (636) –)

Cash generated from operations before working

capital changes 48 487 9 901)

Working capital changes

Inventory (1 743) (744)

Trade receivables (18 026) 18 434)

Trade payables, accruals and provisions 5 914) (23 432)

Donor funds 315) 2 674)

34 947) 6 833)

In the cash flow statement, proceeds from sale of plant

and equipment comprises:

Net book amount –) 342)

Profit/(loss) on sale of plant and equipment –) –)

Proceeds from sale of plant and equipment –) 342)

18 GOVERNMENT OPERATING GRANTS

Grants revenue 127 812) 114 469)

Financial contribution 46 562) 34 110)

Additional allocation 2 000) 2 000)

Langebaan Coastal Erosion –) 15 000)

Unforeseen and unavoidable costs –) 35 000)

Pre-tender work SA Agulhas –) 3 359)

Vessel operating cost 79 250) 25 000)





2008 2007

R’000 R’000

18 GOVERNMENT OPERATING GRANTS (Continued)

Grants expenditures 127 812 108 110

Financial contribution 46 562 34 110

Additional allocation 2 000 2 000

Langebaan Coastal Erosion - 8 641

Unforeseen and unavoidable costs - 35 000

Pre-tender work SA Agulhas - 3 359

Vessel operating cost 79 250 25 000

Net grants transferred to deferred income - 6 359

Government Grants are received through DEAT via the

Medium Term Expenditure Framework. Refer to note 23

where Government Grants are disclosed as related party

transactions with the Fund’s controlling entity, DEAT.

19 GOVERNMENT ASSISTANCE

As disclosed in note 23 Related Parties the following

government assistance is received during the year.

Compensation of the employees that administers the Fund

is paid by DEAT. The compensation is disclosed in the

financial statements of DEAT. 116 595 89 193

The lease for premises which are utilised by the

Fund for administration purposes, are paid by DEAT.

The lease payments are disclosed in the financial

statements of DEAT. 24 744 12 527

The increase in the above lease cost is due to the

additional rental space occupied by the Fund and the

increase in the monthly rental charges.

20 OPERATING LEASES

Operating lease commitments - where the Fund is the lessee.

The future aggregate minimum lease payments under

non-cancellable operating leases are as follows:

Not later than 1 year 502 918

Later than 1 year, but not later than 5 years 86 461

588 1 379






2008 2007

Outstanding Outstanding

Balances Balances

R’000 R’000

21 COMMITMENTS

The following are commitments established

through contractual agreements:

KPMG

– Revenue Management – 492

SAB&T

– Fixed Asset Register – 498

Farocean Marine (Pty) Ltd

– Build of 1 research vessel – 15 031

Subsistence Development (Morolong Consultants)

– Provision of subsistence fishery extension officer

services for a period of two years 1 696 2 600

PricewaterhouseCoopers & NYZ-Afripeak

– Provide Internal Audit Function including forensic services 1 554 2 826

SGH Forensics

– Manage the monitoring of processing and selling of

abalone and rock lobster 1 146 3 097

Lamberts Bay Fishing

– Hiring of vessel to partake in Rock Lobster Surveys 118 957

Two Oceans Marine

– Purchase of a 21ft Catamaran ski-boat with cabin – 398

At work Health & Safety

– Purchase of Fisheries Control Officers uniforms and

protective clothing – 743

Sonitas Ad Vitam

– Subscriptions: overseas periodals and journals 1 058 –

Jaymat Enviro Solutions

– Policy development – 19

– Development of research framework for integrating

socio-economic factors 1 598 -

Dr Anthony Bam

– Marine Aquaculture Sector Development Plan – 49

Sheltham Grindrod

– Oil pollution and fisheries aerial surveillance 25 992 –

South African Sea Products

– Hiring of vessels for the Fisheries Independent

Monitoring Survey 923 –

Ernst & Young

– Cost recovery Framework 396 1 981

– Harbour management project 2 178 5 538





2008 2007

Outstanding Outstanding

Balances Balances

R’000 R’000

21 COMMITMENTS (Continued)

South African Sea Products Amberts Bay

– Hiring of a vessel to partake in FIMS rock lobster survey 400 –

E-Comm

– Rendering support services to MCM-Oracle & Mast system 1 277 -

South African Association for Marine Biological Research

– Land based observer 4 605 -

– Service for the Ship-Board Scientific Observor prog. 252 –

Ingwane Consulting

– Services for the Ship-Board Scientific Observor programme 2 552 –

Anchor Environmental Consultants

– Land based observer 4 478 –


Capfish


61 466 34 229

22 CONTINGENT LIABILITIES 2008 2007

R’000 R’000

Litigation:

As was reported in the prior year, litigation was initiated

against a service provider who installed an integrated

financial system. The service provider was unable to

deliver a fully functional system and was consequently sued

for breach of contract for an amount of R3 165 337.

The service provider instituted a counter-claim for

R1 667 811. The matter is still pending. Pleadings have

closed and the matter is in the pre-trial phase. If the Fund

wins the case it will only be liable for approximately one

third of its own legal costs as the unsuccessful party could

bear approximately two thirds of the Funds costs. If the

Fund loses the case it will be liable for its own legal costs,

approximately two thirds of the costs of the successful

party and the counter claim.

Estimated legal costs: 1 080 720

Possible losses: 3 396 2 415

Included in the above possible losses are the estimated

legal costs of R1080 000 (2007: R720 000).






2008 2007

R’000 R’000

22 CONTINGENT LIABILITIES (Continued)

Fishing reviews:

As was reported in the prior year, a number of reviews have

been instituted against the Department of Environmental

Affairs and Tourism and the Minister, challenging the

decisions taken during the process of allocating long terms

fishing rights. These litigants are not suing for monetary

amounts but require the court to review and set aside a

decision made by the Minister. A few of the matters are

likely to be finalised in the forthcoming financial year.

Due to the uncertainty of the outcome of the above

litigations, the possible loss to the Fund cannot be

reasonably quantified.

23 RELATED PARTIES

The following related parties were identified:

(i) Department of Environmental Affairs and

Tourism (DEAT)

DEAT is the controlling entity of the Fund. The following

are transactions with DEAT:

Compensation of the employees that administers the

Fund is paid by DEAT. The compensation is disclosed in

the note 19.

The lease for premises which are utilised by the Fund

for administration purposes, are paid by DEAT. The lease

payments are disclosed in note 19.

Government Grants received from DEAT in terms

of Earmarked Funds in a Medium Term Expenditure

Framework:

Capital grants received (refer note 7) 20 000 51 946

Operational grants received (refer note 18) 127 812 114 469

Included in prepayments and advances is an amount

payable to the Fund for R1 080 657 (2007: R898 946).

Refer to note 5. 1 192 1 211

149 004 167 626





2008 2007

R’000 R’000

23 RELATED PARTIES (Continued)

(ii) Key Personnel

Minister M van Schalkwyk – –

Director - General: P Yako (Resigned 29/02/2008) – –

Acting Director - General: N Jezile (Appointed 01/03/2008) – –

No subsistence, travel and other related reimbursement

costs have been paid.

Deputy Director - General: M Mayekiso – 35

From 1 April 2006 to 31 October 2007 the Director-

General delegated certain responsibilities to the Deputy

Director-General. During this period, payments were

made to the Deputy Director-General for subsistence,

travel and other related reimbursement costs.

(iii) Related Parties under DEAT

South African National Parks

The Table Mountain Project was designed to assist DEAT

in achieving its compliance and awareness functions in

the near in-shore environment within the Table Mountain

National Parks - Marine Protected Area (MPA).

– Payments made during the year 980 2 342

– Outstanding balance payable as at 31 March – 1 522

Greater St. Lucia Wetland Park Authority

To obtain the assistance of its agent in executing the

functions of the Park with regard to certain ecosystems

law enforcement, including marine and marine related

issues and marine awareness functions on behalf of The

Greater St. Lucia Wetland Park Authority.

– Payments made for the current year 1 484 2 512

– Outstanding balance payable as at 31 March 380 447

(iv) Other Public Entities regarded as Related

Parties according to SAICA Circular 4/2005

A National Public Entities

National Research Foundation

To support and promote research through

funding, human resource development and

provision of the necessary research facilities in

order to facilitate the creation of knowledge.

– Payments made for the current year 1 742 4 430

– Outstanding balance payable as at 31 March 3 440 1 480






2008 2007)

R’000 R’000)


(iv) Other Public Entities regarded as Related

Parties according to SAICA Circular 4/2005

(Continued)

B National Government Business Enterprises

Council for Scientific and Industrial Research (CSIR)

Interest in the field of research and development

in the marine domain are: environmental

monitoring, ecosystem management, operational

oceanography, mariculture, estuaries, laboratories,

international policy interpretation, and MPA’s.

– Payments made for the current year 77 199)

– Outstanding balance payable as at 31 March 143 (37)

(v) Other

Cederberg Municipality

Rock Lobster emergency - Contingency Plan


– Outstanding balance payable as at 31 March 17 (1)

Ezemvelo - KZN

Ezemvelo has been identified as the sole provider

of marine law enforcement and marine awareness

programmes in the province of KwaZulu-Natal.

– Payments made for the current year 5 089 3 032)

– Outstanding balance payable as at 31 March 1 408 2 133)

SA Association for Marine Biological research:

The Oceanographic Research Institute (ORI)

Monitoring of the commercial discharges in this region

is to be initiated to provide data on size and species

composition of sectors catch.


– Outstanding balance payable as at 31 March 199 –)

Swellendam-Implementation protocol

The project is designed to assist the DEAT in achieving

its compliance and awareness functions in the near

and in-shore environment.


– Outstanding balance payable as at 31 March – –)





2008 2007

R’000 R’000


(v) Other (Continued)

The Western Cape Nature Conservation Board

The project is designed to assist the DEAT in achieving

its management, compliance and awareness functions

in the near and in-shore environments. The project

will be implemented and managed by the Board over a

three year period.

– Payments made for the current year 1 423 563

– Outstanding balance payable as at 31 March 475 188

World Wide Fund for Nature- South African

Development of management plans, business plans,

compliance strategies, contingency plans and education

and awareness materials as required for improved

Marine Protected Area management.

– Payments made for the current year 610 –

– Outstanding balance payable as at 31 March 200 –

Eastern Cape Parks Board

To regulate the management of Marine Protected

Areas that share common boundaries with areas

managed by the Eastern Cape Parks Board.

– Payments made for the current year 574 –

– Outstanding balance payable as at 31 March 450 –

24 FRUITLESS AND WASTEFUL EXPENDITURE

Prior year

Fee for the cancellation of the auction for the sale of the Eagle Star. – 39

The accounting authority has investigated the above

incident and has approved the cost incurred as

irrecoverable.






25 FINANCIAL RISK MANAGEMENT

25.1 Financial risk factors

The management of the Fund have overall responsibility for the establishment and monitoring of the

Fund’s risk management policies and procedures which have been established to identify and analyse the

risks faced by the Fund, to set appropriate risk limits and controls and to monitor risks and adherence

to limits. Risk management policies and procedures are reviewed regularly to reflect changes in market

conditions and the Fund’s activities.

The Fund’s activities expose it to a variety of financial risks: market risk (including currency risk, fair

value interest rate risk and price risk), credit risk, liquidity risk and interest rate risk.

(a) Market risk

Market risk is the risk that changes in market prices, such as foreign exchange rates and interest

rates will affect the Fund’s income. The objective of market risk management is to manage and

control market risk exposure within acceptable parameters, while optimising the return.

(i) Foreign exchange risk

The fund operates internationally and is exposed to foreign exchange risk arising from various

currency exposures, primarily with respect to the US dollar and the Euro. Foreign exchange

risk arises from, recognised assets and liabilities.

The Fund has a medium foreign exchange risk for accounts payable as a result of no cover against

unfavourable changes in the exchange rate. Foreign exchange risk arises when recognised assets or

liabilities are denominated in a currency that is not the entity’s functional currency.

(b) Credit risk

Credit risk is the risk of financial loss to the Fund if a customer or counterparty to a financial

instrument fails to meet its contractual obligations, and arises principally from the Fund’s receivables

from customers.

An allowance for impairment is established based on managements’ estimate of identified incurred

losses in respect of specific trade and other receivables. Bad debts identified are written off as they

occur.

The Fund’s exposure to credit risk is influenced mainly by the individual characteristics of each

customer. There is no significant concentration of unsecured credit risk.

Reputable financial institutions are used for investing and cash handling purposes.

(c) Liquidity risk

Liquidity risk is the risk that the Fund will not be able to meet its financial obligations as they fall

due. The Fund’s approach to managing liquidity is to ensure, as far as possible, that it will always have

sufficient liquidity to meet its liabilities when due.





25 FINANCIAL RISK MANAGEMENT (Continued)

25.1 Financial risk factors (Continued)

The liquidity risk is considered as low, because the Fund has adequate funds at their disposal.

(d) Interest risk

The Fund’s exposure to changes in interest rates is on a floating rate basis relating to funds

invested with reputable financial institutions.

(e) Capital management

The policy of the Fund’s management is to maintain a strong capital base so as to maintain public

sector confidence and to sustain future development of the Fund. There were no changes in the

management’s approach to capital management of the Fund during the year.

Floating Non-interest

Interest rate bearing Total

31 March 2008 R’000 R’000 R’000

ASSETS

Trade receivables – 23 131) 23 131

Cash and cash equivalents 60 232 –) 60 232

Total assets 60 232 23 131) 83 363

LIABILITIES

Trade payables – 46 747) 46 747

Bank overdraft – –) –

Total liabilities – 46 747) 46 747

Net financial assets/(liabilities) 60 232 (23 616) 36 616








Floating Non-interest

Interest rate bearing Total

31 March 2007 R’000 R’000 R’000

ASSETS

Trade receivables – 6 821) 6 821)

Cash and cash equivalents 28 103 –) 28 103)

Total assets 28 103 6 821) 34 924)

LIABILITIES

Trade payables – 41 469) 41 469)

Bank overdraft 378 –) 378)

Total liabilities 378 41 469) 41 847)

Net financial assets/(liabilities) 27 725 (34 648) (6 923)







Financial instruments

Credit risk

The carrying amount of financial assets represents the

maximum credit exposure. The maximum exposure to

credit risk at the reporting date was:

2008 2007)

R’000 R’000)

Trade and other receivables 23 110 6 770)

Staff loans 21 51)

23 131 6 821)

The ageing of trade receivables at the reporting date was:

Current 18 890 3 438)

30 Days 1 316 30)

60 Days 228 2 914)

60 Days plus 2 697 439)

23 131 6 821)

The movement in the allowance for impairment in

respect of trade receivables over the year was:

Balance at the beginning of the year 1 716 19 392)

Increase/(decrease) in impairment provision 583 (17 676)

Balance at the end of the year 2 299 1 716)








Currency risk

There were no open forward exchanges contracts at

year-end. The funds net exposure to foreign currency risk

at the reporting date was:

2008 2007 2008 2007

Foreign Foreign R’000 R’000

currency currency

Included in trade and

other payables

AUS $ 1 600 – 10 –

NOK 591 838 – 926 –

936 12

Liquidity risk

The carrying amounts of financial liabilities at the

reporting date was:

Bank overdraft – 378

Trade and other payables 46 747 41 469

46 747 41 847

The contractual maturities for all borrowings and payables

outstanding at 31 March 2008 is 12 months or less.

25.2 Fair value estimation

The face value of cash, trade receivables and trade

payables less any estimated credit adjustments, are the

approximate fair values on 31 March 2008, as a result of

the short-term maturity of these assets and liabilities.





26 COMPARATIVE FIGURES

The comparative figures were reclassified as a result of prior period errors and presenting the statement

of financial performance by nature. Also refer to note 16.

27 EVENTS AFTER THE STATEMENT OF FINANCIAL POSITION DATE

At the date of compiling this report no events subsequent to the date of financial position were noted.

28 ACCOUNTING POLICY DEVELOPMENTS

Accounting policy developments include new standards issued, amendments to standards, and

interpretations issued on current standards. These developments resulted in the first time adoption

of new standards, the restatement of prior year results where applicable and revised and additional

disclosures required.

Management has considered all accounting standards and interpretations issued but not yet effective and

has found none to have a significant impact on the financial position and performance of the Fund.

Standards in issue not yet adopted

At the date of authorization of these financial statements, the following Standards were in issue but not

yet effective.

GRAP 6 Consolidation and Separate Financial Statements (effective 1 April 2009)

GRAP 7 Investments in Associates (effective 1 April 2009)

GRAP 8 Interests in Joint Ventures (effective 1 April 2009)

GRAP 9 Revenue from Exchange Transactions (effective 1 April 2009)

GRAP 11 Construction Contracts (effective 1 April 2009)

GRAP 12 Inventories (effective 1 April 2009)

GRAP 13 Leases (effective 1 April 2009)

GRAP 16 Investment property (effective 1 April 2009)

GRAP 17 Property, Plant and Equipment (effective 1 April 2009)

GRAP 18 Segment Reporting(effective 1 April 2009)

GRAP 100 Non-current assets held for sale and Discontinued Operations (effective 1 April 2009)

GRAP 101 Agriculture (effective 1 April 2009)

GRAP 102 Intangible Assets (effective 1 April 2009)

IFRS 8 Operating Segments (effective 1 January 2009)

IAS 23(amended) Borrowing Costs (effective 1 January 2009)

IAS 1 (amended) Presentation of Financial Statements (effective 1 January 2009)

Amendments Financial Instruments: Presentation and IAS 1 (amended):to IAS 32 Presentation of Financial Statements (effective 1 January 2009)

IFRS 2 Share Based Payments - vesting conditions and cancellations(amended) (effective 1 January 2009)

IAS 27(amended) Consolidated and Separate Financial Statements (effective 1 July 2009)

IFRS 3 Business Combinations; IAS 27 (revised 2008): Consolidated and Separate Financial (revised Statements; IAS 28 (revised 2008): Investment in Associates; and IAS 31 (revised 2008):2008) Interest in Joint Ventures (effective 1 July 2009)





DETAILED STATEMENT OF FINANCIAL PERFORMANCE for the year ended 31 March 2008

NOTES 2008) 2007)

R’000) R’000)

Operating revenue 108 049) 116 753)

Application fees 1 278) 1 621)

Chartering of departmental vessels 19 617) 24 156)

Harbour fees 3 753) 4 295)

Levy on fish products 54 471) 54 002)

Licences and permits 27 744) 31 948)

Pollution clean up equipment hire 1 184) 731)

Donor funds 8 16 480) 5 887)

Other income 169 955) 207 603)

Net confiscated assets and fish products 39 097) 57 345)

Confiscated assets and fish products 55 013) 43 384)

Net movement in confiscated inventory (15 916) 13 961)

Fines 2 261) 2 405)

Grants and other transfer payments 11 127 870) 145 501)

Other income 727) 2 352)

Consumables used (4 843) (3 042)

Depreciation (6 582) (3 956)

Depreciation-computer (1 371) (1 087)

Depreciation-equipment (1 454) (1 382)

Depreciation-motor vehicles (184) (175)

Depreciation-office furniture (98) (186)

Depreciation-vessels (204) (343)

Depreciation-computer software (3 271) (783)

Travelling cost (20 750) (23 874)

Staff travelling (10 183) (6 866)

Use of GG vehicles (10 567) (17 008)

Advertising costs (658) (1 464)

Donor funds expenses 8 (16 480) (5 887)

Operating lease payments (1 103) (940)

Other deficits –) (7)

Other operational - costs (206 914) (238 982)

Audit fees (1 716) (614)

Net write off of trade receivables (1 716) (1 746)

Bad debt write-off for the year (1 133) (19 422)

(Increase)/decrease for impairment provision

of trade receivables (583) 17 676)




DETAILED STATEMENT OF FINANCIAL PERFORMANCE for the year ended 31 March 2008 (Continued)

2008) 2007)

R’000) R’000)

Bank charges (427) (123)

Commission paid (8 012) (8 118)

Confiscation expenses (4 596) (7 441)

Consultancy and outsourced services (47 228) (66 058)

Entertainment (609) (100)

Hire of equipment (373) (370)

Legal costs (2 801) (186)

Membership fees, liceses and training (1 620) (2 991)

Minor assets purchase (60) (311)

Other expenses (12 048) (11 299)

Postage and telecommunication (6 325) (7 858)

Printing (1 530) (618)

Professional and special services - government (29) (1 720)

Repairs and maintenance (795) (1 251)

Service fees (205) (225)

Subsistence

– International (326) (1 147)

– Local (5 229) (3 226)

Vessel operating costs (111 269) (123 580)

Operating profit for the year 37 154) 52 091)

Foreign exchange surplus 636) –)

Interest income 4 335) 468)

Interest expense –) (245)

Surplus for the year 42 125) 52 314)




marine living resources fund

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