CCMA ANNUAL REPORT

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

Financial Statement for the year ended 31 March 2023

Notes to the Financial Statements

New standards and interpretations

2.1 Standards and interpretations issued, but not yet effective The CCMA has not applied the following standards and interpretations, which have been published and are mandatory for the CCMA’s accounting periods beginning on or after 01 April 2023 or later periods:

Effective date: Years beginning on or after

Standard/ Interpretation:

Expected impact:

• GRAP 25: Employee Benefits • GRAP 104: Financial Instruments • G uideline on Accounting for landfill sites • I GRAP 21: The Effect of Past Decisions on Materiality • I GRAP 7: The limit on a defined benefit asset, minimum funding requirements and their interaction (revised) • I mprovements to the Standards of GRAP • A mendments to GRAP 1 on Presentation of Financial Statements (2019) • G uidelines on the application of materiality of financial statements

Not yet determined

Unlikely there will be a material impact Impact is currently being assessed Unlikely there will be a material impact

01 April 2025

Not yet determined

01 April 2023