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

31. Related parties (continued) A Gildenhys and M Ndaba’s term as Esential Services Committee members ended on 31 December 2021, however in February 2022 they were both appointed on a termporary basis. The term of the Essential Services Comittee member will end in December 2025. Procurement Committee member NL Siqaza 44 719 44 719 44 719 44 719 32. Going concern We draw attention to the fact that at 31 March 2023, the CCMA had an accumulated surplus of R79 792 394 and that the CCMA’s total assets exceed its liabilities by R79 792 394. The financial statements have been prepared on the basis of accounting policies applicable to a going concern. This basis presumes that funds will be available to finance future operations and that the realisation of assets and settlement of liabilities, contingent obligations and commitments will occur in the ordinary course of business. The Governing Body has reviewed the CCMA’s cash flow forecast for the year to 31 March 2024 and, in the light of this review and the current financial position, they are satisfied that the CCMA has access to adequate resources to continue in operational existence for the foreseeable future.

33. Irregular expenditure and Fruitless and wasteful expenditure Irregular expenditure

36 601 43 916 80 517

73 341 48 617 121 958

Fruitless and wasteful expenditure

Total

Details of current and previous year fruitless and wasteful expenditure recovered

Fruitless and wasteful expenditure 48 617 Eight (08) cases were assessed during the 2022/23 financial year and found to have contravened the applicable laws and regulations. Seven of the cases relate to the fruitless and wasteful expenditure occurred in the 2022/23 financial year, while one case occurred in the 2021/22 financial year. Based on the root causes, the Loss and Control Committee recommended that the expenditure be recovered. Details of Irregular expenditure recovered Irregular expenditure recovered 36 601 73 341 One (1) case was assessed during the year 2022/23 and was found to have contravened the applicable laws and regulations. Based on the root cause, a recommendation was made by the Loss and Control Committee (LCC) that the expenditure be recovered. 43 916

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