BANKSETA ANNUAL REPORT 2023

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

2022/23

2021/22

Notes

R’000

R’000

REVENUE Skills development levy: income from non-exchange transactions Skills development levy: penalties and interest income from non-exchange transactions

10

936 256

805 221

11

8 537

43 023 848 244

Total revenue from non-exchange transactions

944 793

Investment revenue from exchange transactions Other revenue from exchange transactions Total revenue from exchange transactions

12 13

75 638

47 613

121

106

75 759

47 719

Total revenue

1 020 552

895 963

EXPENSES

Employer grant expenses Discretionary grant expenses Administration expenses

14 14 15

(228 570) (786 554) (98 830) (1 113 954)

(194 101) * (522 670) *

(84 031) (800 802)

Total expenses

NET (DEFICIT)/SURPLUS FOR THE YEAR

(93 402)

95 161

16

* Prior year figures split and disclosed in line with current year disclosure. Refer to note 30.1 for a reconciliation.

128

PART F: FINANCIAL INFORMATION | BANKSETA ANNUAL REPORT 2022/23