BANKSETA AR 31 AUGUST

ANNUAL FINANCIAL STATEMENTS STATEMENT OF CHANGES IN NET ASSETS for the year ended 31 March 2022

Employer grant reserve

Administration reserve

Discretionary reserve

Unappropriated surplus/(deficit)

Notes

Total R’000

R’000

R’000

R’000

R’000

Balance at 31 March 2020

1 998

115

867 141

-

869 254

Net surplus for the period Allocation of unappropriated surplus Excess reserves transferred to discretionary reserve Balance at 31 March 2021 Net surplus for the period Allocation of unappropriated surplus Excess reserves transferred to discretionary reserve

-

-

-

98 438

98 438

(16 065)

3 036

111 467

(98 438)

-

17 080

(3 015)

(14 065)

-

-

3 013

136

964 543

-

967 692

-

-

-

95 161

95 161

9

21 798

4 952

68 411

(95 161)

-

9

(21 360)

(4 977)

26 337

-

-

BALANCE AT 31 March 2022

3 451

111

1 059 291

-

1 062 853

26

127

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