130 / 138
126
2022 2021
R
R
13. Income
Management fees
4 086 289
3 417 617
Members’ contribution
26 578 637
28 435 826
Rental income
1 324 068
1 261 017
31 988 994
33 114 460
14. Other income
Commercial income
49 628 431
10 659 634
Cost recovery
2 400 504
867 210
Profit on foreign exchange
13 078
15 757
Profit on sale of fixed assets
385 902
-
Sponsorships
6 068 976
2 562 684
Sundry income
923 760
818 195
59 420 651
14 923 480
15. Expenses by nature
Operating surplus is arrived at after taking into account
the following items:
Income
Profit on disposal of property, plant and equipment
385 902
-
Exchange rate profits on foreign exchange
13 078
15 757
398 980
15 757
Expenditure
Loss on disposal of property, plant and equipment
-
6 242
-
6 242
Auditors’ remuneration
336 819
314 784
Commercial expenses
25 568 277
11 032 624
Computer expenses
2 432 017
1 727 397
Depreciation/amortisation
2 828 122
2 974 890
Donation to Phahama Grain Phakama NPC
7 141 356
-
Electricity
235 753
218 826
Employee cost
27 270 476
27 705 552
Functions and entertainment
2 843 671
1 379 186
Insurance
596 043
496 049
Levies: office park
718 874
657 593
Marketing and sponsorships
4 207 231
3 008 490
Meeting costs
3 435 967
2 267 402
Membership and affiliation
1 242 358
1 300 810
Professional services
1 224 557
2 009 637
Repairs and maintenance
2 295 761
1 123 775
Training
559 668
222 316
Travel costs and accommodation
486 690
125 401
Other operating expenses
1 926 015
1 360 050
85 349 655
57 924 782
FINANC
IAL
STATEMEN
TS