BANKSETA AR 31 AUGUST

ANNUAL FINANCIAL STATEMENTS NOTES TO THE ANNUAL FINANCIAL STATEMENTS for the year ended 31 March 2022

9. ALLOCATION OF NET SURPLUS FOR THE YEAR TO RESERVES

Employer grants reserve Mandatory skills grant 2021/22

Discretionary reserve

Total per Statement of Financial Performance 2021/22

Total per Statement of Financial Performance 2021/22

Administration reserve 2021/22

Total discretionary 2021/22

R’000

R’000

R’000

R’000

R’000

895 963

105 829 199 053

591 081

644 119

Total revenue

Skills development levy: income from non exchange transactions Admin levy income (10,5%) Skills development levy: penalties and interest income from non exchange transactions Investment revenue from exchange transactions Other revenue from exchange transactions Grant levy income (69,5%)

105 723

105 723

-

-

72 410

699 498

-

199 053

500 445

479 148

43 023

-

-

43 023

47 490

47 613

-

-

47 613

45 023

106

106

-

-

48

(800 802)

(84 031) (194 101)

(522 670) (545 681)

Total expenses

Administration expenses

(84 031)

(84 031)

-

-

(88 523)

Employer grants and project expenses

(716 771)

- (194 101)

(522 670) (457 158)

Net surplus per Statement of Financial Performance allocated

95 161

21 798

4 952

68 411

98 438

155

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