Page 275 - DSD ANNUAL REPORT 2022-2
P. 275
PART E: FINANCIAL INFORMATION
STATE PRESIDENT FUND P AR T E: FINANCIAL INFORMA TION
State President Fund Statement of Financial Performance for the year ended 31 March 2022
2021/22 2020/21
Notes R’000 R’000
REVENUE
Other income (SPR) 2 1 739 1 698
TOTAL REVENUE 1 739 1 698
EXPENDITURE
Administrative expenses (SPR) 3 (2) (1)
Audit fees (SPR) 4 (32) (29)
TOTAL EXPENDITURE (34) (30)
SURPLUS FROM OPERATIONS 1 705 1 668
Surplus for the year 1 705 1 668
State President Fund Statement of Financial Position as at 31 March 2022
2021/22 2020/21
Notes R’000 R’000
ASSETS
Current assets 6
Cash and cash equivalent) 46 991 45 286
TOTAL ASSETS 46 991 45 286
LIABILITIES
Non-current liabilities - -
Current liabilities - -
TOTAL LIABILITIES - -
NET ASSETS 46 991 45 286
Accumulated surplus
TOTAL NET ASSETS 46 991 45 286
Statement of Changes in Net assets as at 31 March 2022
Accumulated funds
R’000
Balance as at 31 March 2020 43 618
Surplus for the year 1,598
Balance as at 31 March 2021 45 286
Surplus for the year 1 705
Balance as at 31 March 2022 46 991
275 DEPARTMENT OF SOCIAL DEVELOPMENT ANNUAL REPORT 2021/22
