CCMA ANNUAL REPORT

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

Financial Statement for the year ended 31 March 2023

Notes to the Financial Statements

2022 Restated*

Figures in Rand

Note(s)

2023

5.

Prepayments

Prepayments 3 400 009 Prepayments consists of membership subscriptions, maintenance and support on computer softwares and other advance payments. 2 961 223

6.

Cash and cash equivalents

Cash and cash equivalents consist of: Petty cash

32 176

53 278

Bank balances (First National Bank accounts)

36 357 839 104 301 815 140 691 830

52 969 329 88 562 866 141 585 473

Short-term deposits (Corporation for Public Deposits and Pledge account)

Pledge account 1 044 436 The short-term deposits include a pledge account held by the CCMA through Standard bank for rental deposit paid at inception of the lease which is not available for use. As required in Treasury Regulation 31.2, National Treasury approved the banks where the bank accounts are held. The First National Bank current accounts are held in line with National Treasury Regulation 31.2. The CCMA invests surplus funds in line with the Treasury Regulations 31.3.3. During the current year funds were invested with the Corporation for Public Deposits. 1 104 880

163