FASSET ANNUAL REPORT

Statement of Financial Performance 31 March 2021

Note(s)

2021 R ‘000

2020 Restated* R ‘000

Revenue

Revenue from exchange transactions Other income

-

47

Investment income

13

29 798 29 798

54 534 54 581

Total revenue from exchange transactions

Revenue from non-exchange transactions Transfer revenue Levies

14 15

401 421

552 506

Other income

155

5 703

Total revenue from non-exchange transactions

401 576 431 374

558 209 612 790

Total revenue

Expenditure Employee related costs

16

(31 588)

(28 569) (1 338) (3 547) (1 250) (3 043)

Internal audit fees External audit fees

(675)

(2 432) (1 646) (3 195)

Depreciation and amortisation Lease rentals on operating lease

Impairment of receivables Receivables written-off

- -

(111)

(54)

Consulting and professional fees Employer grant and project expenses Loss on disposal of assets and liabilities

17 18

(12 274) (408 571)

(7 556)

(553 632)

(5)

(20)

Other administration expenses

19

(21 265)

(20 399)

Total expenditure Deficit for the year

(481 651) (50 277)

(619 519)

(6 729)

FASSET Annual Integrated Report 2020/21

90