Grain SA Annual Report 2022

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2022 2021
R R
1. Levy Fund
Balance at the beginning of the year 26 194 849 27 011 114
Received from prior year 5 963 910 3 369 088
Receipts/(payments) for the year:
Levies received 25 397 890 22 941 918
Interest received: FNB 156 544 427 072
Return on investment: Sanlam 995 181 2 425 864
Membership fees (2 719 000) (2 731 000)
Membership fees less than R1 000 (724 285) (673 597)
Industry services (8 598 545) (8 484 158)
Farmer development (551 250) (525 000)
Member benefits (567 420) -
Legal aid (289 948) (88 984)
Branch funding (570 718) (479 772)
Marketing (2 076 619) (858 396)
Grain South Africa management fee (2 192 219) (2 409 909)
Levy Fund surplus and special levy to Grain South Africa (11 322 050) (7 765 481)
Amount payable to Levy Fund at year-end (6 566 340) (5 963 910)
22 529 981 26 194 849
Levy Fund balance invested at
FNB 6 982 943 10 895 605
Sanlam 15 547 038 15 299 244
22 529 981 26 194 849
2. Levy Fund income (other income)
Income 1 151 725 2 852 936
Expenses (1 151 725) (2 852 936)
- -
3. Projects
Income 16 893 282 35 354 882
Expenses (16 893 282) (35 354 882)
- -
SCHEDULES
FOR THE YEAR ENDED 30 SEPTEMBER 2022
The supplementary information presented does not form part of the annual financial statements and is unaudited.
FINANCIAL STATEMENTS