BANKSETA ANNUAL REPORT 2023

ANNUAL FINANCIAL STATEMENTS STATEMENT OF CHANGES IN NET ASSETS for the year ended 31 March 2023

Employer grant reserve

Administration reserve

Discretionary reserve

Unappropriated surplus/(deficit)

Notes

Total R’000

R’000

R’000

R’000

R’000

BALANCE AT 31 MARCH 2021

3 013

136

964 543

-

967 692

Net surplus for the period

-

-

-

(95 161) (95 161)

Allocation of unappropriated surplus Excess reserves transferred to discretionary reserve

21 798

4 952

68 411

(95 161)

-

(21 360)

(4 977)

26 337

-

-

BALANCE AT 31 MARCH 2022

3 451

111

1059 291

- 1 062 853

Net deficit for the period Allocation of unappropriated deficit Excess reserves transferred to discretionary reserve

-

-

-

(93 402) (93 402)

9

24 175

5 454

(123 031)

93 402

-

9

(23 250)

(5 428)

28 678

-

-

BALANCE AT 31 MARCH 2023

4 376

137

964 938

969 451

26

-

129

BANKSETA ANNUAL REPORT 2022/23