BANKSETA AR 31 AUGUST

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

12. INVESTMENT REVENUE FROM EXCHANGE TRANSACTIONS

2021/22

2020/21

R’000

R’000

Interest Revenue Interest revenue from current year received as cash during the year

47 471

42 073 2 950 45 023

Receivable

142

47 613

12.1 Cashflow from interest revenue Portion of Interest revenue in current year received as cash during the year Portion of interest revenue in prior year received as cash during the current year

47 471

42 073

2 950 50 420

5 014 47 087

13.

OTHER REVENUE

Other revenue comprises: Other income Mandatory grants received

106 106

47 47

14.

EMPLOYER GRANT AND PROJECT EXPENSES

2021/22

2020/21

Notes

R’000

R’000

194 101

133 739 133 560

Mandatory grants

Disbursed

193 778

Provisions and accruals

323

179

522 670

323 419

Project expenditure

18.1

Total employer grant and project expenses per Statement of Financial Performance

716 771

457 158

Project expenditure comprises of training grants to stakeholders and higher education institutions, bursaries, stipends and training and project related admin expenses.

Refer to note 18 for more detailed information on these projects.

158

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