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

34. Budget differences (continued) Operating expenditure was below the projected budget by R6.7 million (25.8%).The variance results from capitalisation of software licenses related to Faxination, End-point protection, Electronic Boardpack solution and Adobe licenses as well as amortisation of HPE maintenance and VMware software license. The other contributing factor is licenses such as Qualitative Data Analysis Software, Social Media Management Tool, and Data Analytic Tool which were not procured as anticipated. In addition, travel, recruitment services and training intervention costs also contributed to the saving, as expenditure was not incurred as anticipated. Case disbursement expenditure was above the budgeted amount by R3.6 million (1.6%). The variance results from an increase in utilisation of part-time Commissioners and Interpreters in response to the caseload. Furthermore, the increase is also seen on sheriff costs. Loss on disposal of assets was above the budgeted amount by R264 thousand (802.5%). The variance results from the assets disposed during the financial year, as they no longer yield economic benefit to the organisation. Loss on foreign exchange was above the budgeted amount by R724 thousand (724.0%). The variance results from the US dollar translation for the payment of Microsoft which was higher than anticipated. 35. Prior-year adjustments Presented below are those items contained in the statement of financial position, statement of financial performance and cash flow statement that have been affected by prior-year adjustments: Statement of financial position 31 March 2022

Restated

As previously reported

Correction of error

Note

Receivable from exchange transactions

(1 404 846)

1 306 188 3 400 009 34 662 742 15 198 937 (56 739 566) (73 308 273) (75 479 963)

2 711 034 3 469 401 34 493 159 15 278 105 (57 360 785) (74 070 877) (75 479 963)

Prepayments

(69 392) 169 583 (79 168) 621 219 762 604

Property, plant and equipment

Intangible assets

Payables from exchange transactions

Accumulated surplus

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