Agri Seta AFS for the year ended 31

Agri. Seta AFS for the year ended 31 March 2014 AGM presentation 17 Sep 2014 1

Audit Opinion Auditor-General issued an Unqualified Audit Report § Financial Statements are not materially misstated § Opinion is not given on Performance Information § Material adjustments to commitments were processed in the current year AGM presentation 17 Sep 2014 2

Employers info – March 2014 18, 401 (2013: 18, 355) registered employers 4, 147(2013: 5, 068) employers paying SDL levy - Total levies received R 269, 9 M (2013: R 223, 1 M) Applications received by 30 June 2013 (for 2014): WSP’s =1, 759(2013: 1, 835 ) Total amount paid towards Mandatory Grants – R 54. 9 M (2013: R 99. 9 M) Payout is 72% AGM presentation 17 Sep 2014 3

Levy Growth AGM presentation 17 Sep 2014 4

Levies Analysis Year Amount R’ 000 2010 Percentage Growth % 161 524 2011 172 372 2012 206 026 2013 223 180 2014 269 932 AGM presentation 17 Sep 2014 13. 26% 6. 71% 19. 52% 8. 32% 20. 95% 5

Project Grant Expenditure March 2014 Total project spend: R 144. 2 M (2013: R 104. 0 M) 38. 7% increase Top 10 projects on spending 71% of total Project Expenditure Name R-Millions P 4 Learnerships 18. 2 R 16. 5 M P 4 Interns R 13. 6 M FET Infrastructure R 24. 8 M P 7 Learnerships 18. 1 R 13. 2 M P 7 Commodity Orgs R 7. 5 M P 4 Apprenticeship and ABET R 4. 5 m 4. 1 Mentoring and support for Land Reform R 7. 2 M P 4&P 7 Skills Delivery Administration R 5. 4 M P 7 Skills Programmes 18. 1 R 4. 6 M P 4 Graduate Placements R 5. 7 M 6

Statement of Financial Performance March 2014 INCOME Levies, penalties & interest NSF & special projects income Investment and other income Total 2013/14 R’ 000 2012/13 R’ 000 % Movement 273, 565 225, 542 21. 29% 24, 702 15, 474 59. 64% 9, 347 8, 480 10. 22% 307, 614 249, 496 23. 29% AGM presentation 17 Sep 2014 7

Statement of Financial Performance March 2014 EXPENSES 2013/14 R’ 000 2012/13 R’ 000 % Move 54, 936 99, 892 (45. 00%) 109, 577 9, 856 24, 844 101, 417 2, 598 0 8. 05% 279. 37% 100% Admin expenses and finance costs 31, 534 28, 034 12. 48% NSF & Special project expenses 24, 702 15, 474 59. 64% 255, 449 247, 415 3. 25% 52, 165 2, 081 2406. 73% Employer grant Discretionary >Paid Movement in Accrual FET Infrastructure Total Net Surplus/(Deficit): 8

Statement of Financial Position March 2014 ASSETS 2013/14 R’ 000 2012/13 R’ 000 % Move 4, 502 4, 627 (2. 7%) Intangible assets Receivables 5 17, 710 16 10, 780 (68. 75%) 64. 29% Cash and Bank 213, 847 173, 437 23. 30% Total 236, 064 188, 860 24. 99% Property Plant & Equipment AGM presentation 17 Sep 2014 9

Statement of Financial Position March 2014 EQUITY & LIABILITIES 2013/14 R’ 000 2012/13 R’ 000 % Move Grant and Other Reserves 168, 584 116, 419 44, 81% Capitalisation reserve 3, 107 0% Payable & Provisions 61, 641 67, 572 (8. 78%) 2, 733 1, 762 55. 11% 236, 065 188, 860 24. 99% Grants & Donor Funding Total AGM presentation 17 Sep 2014

Discretionary Reserve Allocation of Discretionary Reserves Year Discretionary Approved By Reserve Board Contracted 2013/14 R 167, 44 M R 145, 28 M R 133, 26 M 2012/13 R 115, 15 M R 108, 18 M R 77, 20 M 45. 41% 34. 29% 72. 62% % Movement AGM presentation 17 Sep 2014

Cash Flow Statement –Summary March 2014 Cash Flow Statement Net Cash Outflow from operating Activities Cash Outflow from Investing Activities Net Decrease in Cash and Cash Equivalents 2013/14 R’ 000 2012/13 R’ 000 40, 848 (2, 063) 2080. 08% (312) (169) (84. 62%) 40, 410 (2, 301) (1856, 19%) Opening Cash Balance 173, 437 175, 738 (0. 13%) Total 213, 847 173, 437 23. 30% 12

Conclusion Questions? 13

Conclusion Thank You 14