FASSET ANNUAL REPORT
Statement of Changes in Net Assets
Administration reserve
Mandatory reserve
Discretionery reserve
Total reserves
Total net assets
R ‘000 R ‘000
R ‘000 R ‘000 R ‘000
Opening balance as previously reported
2 069
401
677 934 680 404 680 404
Adjustments Correction of errors
-
-
6 099
6 099
6 099
Balance at 01 April 2019 as restated*
2 069
401 684 033 686 503 686 503
Changes in net assets Deficit for the year
-
-
-
-
(6 729)
Allocation of accumulated surplus Note 12 Excess reserves transfered to
7 049 52 288
(66 066)
(6 729)
-
(4 158)
(51 401)
55 556
(3)
(3)
Discretionary reserve Total Changes
2 891
887
(10 510)
(6 732)
(6 732)
Balance at 01 April 2020
4 960 1 288 673 523 679 771 679 771
Changes in net assets Surplus for year
-
-
-
-
(50 277)
Allocation of accumulated surplus Note 12 Excess reserves transfered to
(20 577)
40 093
(69 793)
(50 277)
-
20 752 (40 820)
20 066
(2)
(2)
Discretionary reserve Total changes
175
(727)
(49 727)
(50 279)
(50 279)
Balance at 31 March 2021
5 135
561 623 796 629 492 629 492
FASSET Annual Integrated Report 2020/21
91
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