BANKSETA ANNUAL REPORT 2023

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

15 . ADMINISTRATION EXPENSES

2022/23

2021/22

Notes

R’000

R’000

Advertising, marketing and promotions, communication

1 720

525

Allowance for irrecoverable debts

(7)

(1)

Audit fees

4 501 3 064 1 437

4 187 3 193

External audit fees Internal audit fees

994

Catering at stakeholder meetings

70

25

Consultancy fees Cost of employment

349

646

15.1

65 135

56 052

Depreciation/amortisation

1 337

1 175

Depreciation Amortisation

637 700 292 127

608 567 817 127

Legal fees

Maintenance, repairs and running costs - other

Loss on disposal of property

-

15

Operating lease rentals (minimum lease payments)

4 075 3 965

3 597 3 543

Buildings Equipment

110

54

Quality Council for Trade and Occupations

22.2

5 826

3 951

Remuneration to members of the Accounting Authority and committees

3 924

3 480

Board development fees

151

-

Research costs

-

1 110 3 317

Service provider fees

5 018

Staff training and development

866 617

599 457

Travel and subsistence

Other

4 829 3 481

3 952 2 980

Other administration expenses

Printing and stationery

194 823 331

236 491 245

Telephone costs

Workshops

98 830

84 031

162

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