FASSET ANNUAL REPORT

2021

2020 Restated

R ‘000

R ‘000

8. Operating lease accrual Current liabilities

667

580

Lease payments under an operating lease was recognised as an expense in the statement of financial performance on a straight-line basis over the lease term in accordance with GRAP 13.

9. Payables from exchange transactions Trade creditors

2 418 1 748 2 486 6 652

1 037 1 090

Accrued leave pay

Administration accruals

223

2 350

10. Payables from non-exchange transactions Skills development grants payable - mandatory

9 491

13 646 46 222 18 623

Project accruals Project creditors Levy creditors

35 882

9 662

10 535

7 647 7 940

Other payables -Economic Dev Dept

-

65 570

94 078

FASSET Annual Integrated Report 2020/21

108