BANKSETA ANNUAL REPORT 2023

ANNUAL FINANCIAL STATEMENTS STATEMENT OF FINANCIAL POSITION for the year ended 31 March 2023

2022/23

2021/22

Notes

R’000

R’000

ASSETS

Non-current assets

Property and equipment

1 2

2 498 1 878 4 376

2 839

Intangible assets

612

Total non-current assets

3 451

Current assets Receivables from non-exchange transactions Receivables from exchange transactions

3 4 5

601

717

9 588

1 321

Cash and cash equivalents

1 126 578 1 136 767

1 212 576 1 214 614

Total current assets

Total assets

1 141 143

1 218 065

LIABILITIES

Current liabilities Payables from exchange transactions Payables from non-exchange transactions

6 7 8

9 615

6 790

114 263 47 814 171 692

103 923 44 499 155 212

Provisions

Total liabilities

NET ASSETS

969 451

1 062 853

NET ASSETS AND LIABILITIES

Funds and reserves

Administration reserve Employer grant reserve Discretionary reserve

4 376

3 451

137

111

964 938 969 451

1 059 291 1 062 853

TOTAL FUNDS AND RESERVES

127

BANKSETA ANNUAL REPORT 2022/23