118 / 138
114
* Included in reserves is R3 000 000 which was ring-fenced and approved by Congress in 2018. R127 683 of this reserve was utilised in 2021
in line with Congress approval. The remaining balance is R2 872 317.
2022 2021
Notes
R
R
Revenue
13
31 988 994
33 114 460
Other income
14
59 420 651
14 923 480
Operating costs
15
(85 182 971)
(57 924 783)
Operating surplus/(deficit)
6 226 674
(9 886 843)
Investment income
16
1 100 247
1 254 077
Finance costs
18
(2)
-
Fair value adjustments
17
(166 682)
3 168 075
Surplus/(deficit) for the year
7 160 237
(5 464 691)
Other comprehensive surplus
Other comprehensive surplus
-
-
Total comprehensive surplus/(deficit) for the year
7 160 237
(5 464 691)
RESERVES*
RETAINED
SURPLUS
TOTAL
R
R
R
Balance at 1 October 2020
9 000 000
38 904 685
47 904 685
Total comprehensive deficit for the year
Deficit for the year
-
(5 464 691)
(5 464 691)
Total comprehensive deficit for the year
-
(5 464 691)
(5 464 691)
Surplus from the Levy Fund utilised
(127 683)
-
(127 683)
Balance at 30 September 2021
8 872 317
33 439 994
42 312 311
Balance at 1 October 2021
8 872 317
33 439 994
42 312 311
Total comprehensive surplus for the year
Surplus for the year
-
7 160 237
7 160 237
Total comprehensive surplus for the year
-
7 160 237
7 160 237
Balance at 30 September 2022
8 872 317
40 600 231
49 472 548
FOR THE YEAR ENDED 30 SEPTEMBER 2022
FOR THE YEAR ENDED 30 SEPTEMBER 2022
STATEMENT
OF
comprehensive
INCOME
STATEMENT
OF
changes
EQUITY
IN
FINANC
IAL
STATEMEN
TS
The accounting policies on pages 116 to 120 and the notes on pages 121 to 130 form an integral part of the financial statements.