BANKSETA ANNUAL REPORT 2023

ANNUAL FINANCIAL STATEMENTS NOTES TO THE ANNUAL FINANCIAL STATEMENTS for the year ended 31 March 2023

12. INVESTMENT REVENUE FROM EXCHANGE TRANSACTIONS

2022/23

2021/22

R’000

R’000

Interest revenue Interest revenue from current year received as cash during the year

68 362

47 471

Receivable

7 276

142

75 638

47 613

12.1 Cash flow from interest revenue

Portion of interest revenue in current year received as cash during the year Portion of interest revenue in prior year received as cash during the current year

68 362

47 471

142

2 950

68 504

50 421

13. OTHER REVENUE

Other revenue comprises: Other income Mandatory grants received

84 37

106

Profit on disposal of property and equipment

-

121

106

14. EMPLOYER GRANT AND DISCRETIONARY GRANT EXPENSES

2022/23

2021/22

Note

R’000

R’000

Disbursed

229 980 (1 410) 228 570

193 778

Provisions and accruals Employer grant expenditure

323

194 101

786 705

522 670 716 771

Discretionary grant expenditure

18.1

Total employer grant and discretionary grant expenses

1 015 124

Discretionary grant expenditure is used for discretionary grant projects. Such projects expenditure comprises training grants to stakeholders and higher education institutions, bursaries, stipends and training.

Refer to note 18 for more detailed information on these projects.

161

BANKSETA ANNUAL REPORT 2022/23