FASSET ANNUAL REPORT

2021

2020 Restated

R ‘000

R ‘000

12. Allocation to accumulated surplus Current year - 2021

Administration Mandatory Discretionary

Total

reserve

reserve

reserve 251 604

Levies

52 503

97 314

401 421 29 798

Interest received-investments

- -

- - -

29 798

Other income

155

155

Administration expenses

(73 080)

-

(73 080) (408 571) (50 277)

Employer grants and projects expenses

-

(57 221) 40 093

(351 350) (69 793)

(20 577)

Prior year -2020

Administration Mandatory Discretionary

Total

reserve

reserve 134 507

reserve 345 110

Levies

72 889

552 506 54 534

Interest received-investments

-

- - -

54 534

Other income

47

5 703

5 750

Administration expenses

(65 887)

-

(65 887) (553 632) (6 729)

Employer grants and projects expenses

-

(82 219)

(471 413) (66 066)

7 049 52 288

13. Investment income Interest revenue Reserve Bank (CPD account)

28 967

51 920

FNB Current account

831

2 614

29 798

54 534

14. Levies Levy transfer: Employer grants Levy transfer: Discretionary grants

97 314 243 711 52 503

134 507 339 207 72 889

Levy transfer: Administration Levy penalties and interest

7 893

5 903

401 421

552 506

FASSET Annual Integrated Report 2020/21

110