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 IT skills funding window 2021/22 709 - 6 152 - (4 693) - 1 459 - - (520) (705) 234 NEDLAC partnership 716 2 000 - - (274) (1 726) - - - - - - Skills for future: Scholars 2021/22 721 - 9 450 - - - 9 450 - - (7 755) (1 695) - Doctoral and post-doctoral funding window 722 - 1 620 - (804) - 816 - - (816) - - PIVOTAL funding window 2022/23 727 - - - - - - 1 108 - (665) - 443 Online short courses funding window 2022/23 730 - - - - - - 9 056 - (2 212) (6 342) 502 IT skills funding window 2022/23 731 - - - - - - 6 512 - (4 397) (1 728) 387 Reskilling funding window 2022/23 732 - - - - - - 17 960 - (7 317) (9) 10 634 Skills for future: 18. COMMITMENTS (continued)

Scholars 2022/23 0733 - - - - - - 9 450 - (7 425) - 2 025

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