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dit waarskynlik is dat die organisasie vereis sal word om ekonomiese
voordeel oor te dra in vereffening; en
die bedrag van die verpligting betroubaar beraam kan word.
Voorsienings word gemeet teen die huidige waarde van die bedrag wat
na verwagting nodig sal wees om die verpligting te vereffen deur gebruik
te maak van ’n voorbelaste koers wat die huidige markevaluering van die
tydwaarde van geld en die risiko’s eie aan die verpligting weerspieël.
Die styging in die voorsiening weens tydsverloop word as ’n rente-
uitgawe erken.
Voorsienings word nie vir toekomstige bedryfsverliese erken nie.
1.11 Inkomste
Inkomstes word gedefinieer as bestuursfooie, huurinkomste en
ledebydrae.
Ander inkomste bestaan uit borgskappe, kommersiële inkomste, ander
diverse inkomstes en kosteverhaling.
Inkomste word bereken teen die billike waarde van die teenprestasie
wat ontvang is of ontvangbaar is en verteenwoordig die ontvangbare
bedrae vir dienste wat in die normale gang van sake verskaf word, na
aftrekking van belasting op toegevoegde waarde.
Wanneer die uitslag van die transaksie wat dienslewering behels,
nie betroubaar bereken kan word nie, word inkomste slegs erken ten
opsigte van die erkende uitgawes wat verhaalbaar is.
Ledebydrae is vrywillig van aard en word verantwoord wanneer die
fondse ontvang word.
Huurinkomste word op ’n toevallingsgrondslag in ooreenstemming met
die wese van die toepaslike ooreenkomste erken. Huurinkomste word
op ’n reguitlyngrondslag oor die huurtydperk erken, selfs al word die
betalings nie op ’n reguitlyngrondslag ontvang nie, of waar betalings
gestruktureer is om in lyn met inflasie toe te neem.
Rente word erken in wins of verlies deur gebruik te maak van die
effektiewerentekoersmetode.
Dividende word erken in wins of verlies wanneer die organisasie se reg
om betaling te ontvang, gevestig is.
it is probable that the organisation will be required to transfer
economic benefits in settlement; and
the amount of the obligation can be estimated reliably.
Provisions are measured at the present value of the amount expected
to be required to settle the obligation using a pre-tax rate that reflects
current market assessments of the time value of money and the risks
specific to the obligation. The increase in the provision due to the
passage of time is recognised as interest expense.
Provisions are not recognised for future operating losses.
1.11 Income
Income is defined as management fees, rental income and member
contributions.
Other income consists of sponsorships, commercial income, other
sundry income and cost recovery.
Income is calculated at the fair value of the consideration received or
receivable and represents the receivables for services provided in the
normal course of business, after deduction of value added tax.
When the outcome of the transaction involving the rendering of services
cannot be estimated reliably, income shall be recognised only to the
extent of the expenses recognised that are recoverable.
Membership contributions are voluntary and are accountable when the
funds are received.
Rental income is calculated on an accrual basis in accordance with
the essence of the applicable agreements recognised. Rental income
is recognised on a straight-line basis over the rental period, even if
payments are not made on a straightforward basis, or where payments
are structured to increase in line with inflation.
Interest is recognised, in profit or loss, using the effective interest
rate method.
Dividends are recognised, in profit or loss, when the organisation’s right
to receive payment has been established and is shown as other income.