BANKSETA ANNUAL REPORT 2023

ANNUAL FINANCIAL STATEMENTS NOTES TO THE ANNUAL FINANCIAL STATEMENTS for the year ended 31 March 2023 Commitments R’000 Project name Project number Opening balance 31 March 2021 New commitments approved by Accounting Authority Increases to existing contracts 2021/22 Charged to statement of financial performance 2021/22 Write backs and other adjustments 2021/22 Opening balance 31 March 2022 New commitments approved by Accounting Authority 2022/23 Increases to existing contracts 2022/23 Charged to statement of financial performance 2022/23 Write backs and other adjustments 2022/23 Closing balance 31 March 2023 R’000 R’000 R’000 R’000 R’000 R’000 R’000 R’000 R’000 R’000 R’000 PROGRAMME: SKILLS DEVELOPMENT Learnership funding 625 8 080 921 - (3 820) (5 182) - - - - - - PIVOTAL funding window 646 1 577 - - (1 760) 183 - - - - - - Learnerships unemployed 655 720 - - - (720) - - - - - - PIVOTAL grant 18. COMMITMENTS (continued)

funding window 668 181 608 - - (35 659) (21 592) 124 357 966 - (45 293) (39 285) 40 745 PIVOTAL grant funding window 2019 663 11 662 - - (2 635) (8 650) 377 - - - (377) - Cyber security

internship 656 84 41 511 - (26 936) 1 14 700 - - (12 985) (1 715) - IT skills funding

window 2020/21 684 9 4 322 - (1 416) (1 277) 1 638 - - (475) (1 163) - Skills for future:

Scholars funding window 685 4 589 - - (3 997) (591) - - - - - -

Scholars funding window 685 2 189 - - (2 189) - - - - - - -

for employed 686 65 381 7 211 - (29 325) (2 428) 40 839 7 746 - (15 881) (10 037 22 667

Skills for future:

PIVOTAL grant

funding window

170

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