CAV Annual Report 2021

CENTURION AEROSPACE VILLAGE NPC Registration Number: 2000/006996/08 ANNUAL FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

NOTES TO THE ANNUAL FINANCIAL STATEMENTS

2021

2020

R

R

12. Other income Grants utilised

10 880 662

14 941 888

Other income

14 557

37 395

10 895 218

14 979 283

13. Operating deficit Operating deficit for the year is stated after accounting for the following: Depreciation

1 454 225

1 211 528

Impairment Amortisation

-

-

2 853

21 249

Employee costs

6 478 021

7 801 330

14. Cash generated from operations Surplus for the year

-

-

Adjustments for: Depreciation & amortisation

1 457 078

1 232 777

Gain on sale of assets

-

-

Changes in working capital: Trade and other receivables Trade and other payables

(431 367) 484 340 (837 361) 171 992 7 634 879 8 479 562

788 606

(1 797 578)

Operating lease asset

-

Provisions

51 924

Deferred income

5 946 092 6 221 821

15. Auditor remuneration Audit fees

350 000 350 000

255 665 255 665

CENTURION AEROSPACE VILLAGE NPC I ANNUAL REPORT I 2020/21

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