CCMA ANNUAL REPORT

Commission for Conciliation, Mediation and Arbitration Annual Report 2022/23

Financial Statement for the year ended 31 March 2023

Accounting Policies

1.28 Events after reporting date (continued) The CCMA will adjust the amount recognised in the financial statements to reflect adjusting events after the reporting date once the event occurred. The CCMA will disclose the nature of the event and an estimate of its financial effect or a statement that such estimate cannot be made in respect of all material non-adjusting events, where non-disclosure could influence the economic decisions of users taken on the basis of the financial statements. 1.29 Bargaining councils subsidies The CCMA provides subsidies to the bargaining councils which are accredited in terms of the LRA. The cost of bargaining councils subsidies will be recognised as expenditure when the CCMA receives a completed claim form from the Councils on completed cases within the financial year the subsidies was awarded.

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