Financial Statements 20182019 SASSETA your partner in skills

Financial Statements 2018/2019 SASSETA your partner in skills development Lt. Gen. Nhlanhla Mkhwanazi Mr. Ikalafeng Diale

Contents of the Presentation Financial Performance Revenue 01 02 Expenditure Analysis 04 Financial Position Commitments 03 05 Fruitless and Wasteful Expenditure Irregular Expenditure 07 06

01 Financial Performance 2018/19 Financial Year R ‘ 000 2016/17 2017/18 2018/19 TOTAL REVENUE 387 290 427 105 461 535 TOTAL EXPENSES 261 855 344 199 410 150 Administration 77 294 95 161 114 416 Mandatory Grants 46 621 53 238 52 945 Discretionary Grants 137 940 195 800 242 789 125 434 82 906 51 385 SURPLUS

02 Revenue Annual Revenue Stream Analysis R’ 000 324 492 296 729 265 808 108 044 104 846 105 457 13 441 24 919 32 197 2016/17 2017/18 2018/19 Private Levies Government Departments Investment Income and Other Income

03 Expenditure Analysis Annual Expenditure Analysis R’ 000 242 789 195 800 137 940 114 416 95 161 77 294 46 621 2016/17 Administration Costs 53 238 2017/18 Mandatory Grants 52 945 2018/19 Discretionary Grants

04 Financial Position R ‘ 000 2016/17 2017/18 2018/19 Assets Non-current Assets Current Assets TOTAL ASSETS 3 087 2 696 7 036 288 387 396 623 475 052 291 473 399 320 482 088 Liabilities Non-current Liabilities - - 161 43 599 68 542 99 764 TOTAL LIABILITIES 43 599 68 542 99 925 Funds and reserves 247 874 Current Liabilities Administration reserve Employer grant reserve Discretionary reserve NET RESERVES AND LIABILITIES 300 778 382 163 3 087 2 696 7 036 706 924 2 050 244 081 327 158 373 078 291 473 399 320 482 088

05 Commitments Summary 1 ABET 2 Artisan 3 Workers Entering Bursaries 4 Unemployed Entering Learnerships 5 NGO 6 Non-Pivotal 7 Workers Entering Skills Programme 8 Unemployment Entering Skills Programme 9 Support 10 TVET Student Placement 11 University Student Placement Commitment R ’ 000 2016/17 R 227 519 2017/18 R 311 897 2018/19 R 356 265

06 Fruitless and Wasteful Expenditure R ‘ 000 2016/17 OPENING BALANCE Add: Fruitless expenditure current year Add: Prior period fruitless expenditure Less: Amounts condoned Less: Amounts recovered 2017/18 2018/19 3 155 3 681 107 53 2 092 19 - - 3 089 44 (3 089) (1 673) 3 681 (664) 3 089 - 44

07 Irregular Expenditure R ‘ 000 2016/17 OPENING BALANCE 2017/18 64 555 2018/19 1 118 2 388 Add: Irregular expenditure current year 798 2 068 Less: Amounts condoned (64 225) - Less: Amounts written-ff Less: Amounts recoverable 759 - (798) (10) - (2 388) - 1 118 2 388 759

Fruitless, Wasteful and Irregular Expenditure Investigate fruitless, wasteful and irregular expenditure Determine whether losses were incurred as a result of theft Investigate whether compliance processes were adhered to or not Consider instituting accountability and consequence management processes Determine whether services were delivered or not

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