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

29. Commitments Authorised capital expenditure Already contracted for but not provided for • Tangible assets

741 874

2 316 873 25 204 605 27 521 478

• Intangible assets

16 564 080 17 305 954

Not yet contracted for and authorised • Tangible assets

1 988 028 442 969 2 430 997 17 305 954 2 430 997 19 736 951

-

• Intangible assets

162 511 162 511

Total capital commitments Already contracted for but not provided for Not yet contracted for and authorised by members

27 521 478

162 511

27 683 989

Total commitments Authorised capital expenditure

19 736 951 27 683 989 Capital expenditure is financed by government grant received from National Treasury through the Employment and Labour. The commitments represent approved contracts by 31 March 2023, and will be financed by available cash facilities Changes to prior year balances have been explained under note 35 Operating leases - as lessee (expense) Minimum lease payments due - within one year 59 737 951 61 017 656 - in second to fifth year inclusive 43 865 328 70 446 735 - later than five years 3 178 364 6 299 178 106 781 643 137 763 569 Operating lease payments represent rentals payable by the CCMA for office space and parking. Rentals are smoothed over the lease term in accordance with the Standards of GRAP. Finance lease liability Minimum lease payments due - within one year 427 112 815 384 - in second to fifth year inclusive 59 750 390 142 Finance charges (66 095) (68 949) 420 767 1 136 577 Finance lease payments represent leases on motor vehicles and office equipment.

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