BANKSETA AR 31 AUGUST

ANNUAL FINANCIAL STATEMENTS STATEMENT OF FINANCIAL PERFORMANCE for the year ended 31 March 2022

2021/22

2020/21

Notes

R’000

R’000

REVENUE Skills development levy: income from non-exchange transactions Skills development levy: penalties and interest income from non-exchange transactions

10

805 221

551 558

11

43 023

47 490 599 048

Total revenue from non-exchange transactions

848 244

Investment revenue from exchange transactions Other revenue from exchange transactions Total revenue from exchange transactions

12 13

47 613

45 023

106

48

47 719

45 071

Total revenue

895 963

644 119

EXPENSES Employer grant and project expenses

14 15

(716 771) (84 031) (800 802)

(457 158)

Administration expenses

(88 523)

Total expenses

(545 681)

NET SURPLUS FOR THE YEAR

95 161

98 438

16

126

PART E: FINANCIAL INFORMATION | BANKSETA ANNUAL REPORT 2021/22