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

35. Prior-year adjustments (continued)

Statement of financial performance 31 March 2022

As previously reported

Correction of error

Note

Restated

Services rendered

(1 329 096)

(6 357 744) (1 890 350) (581 476) 160 217 273 27 103 263 4 084 137 12 575 962 181 284 405 376 435 470

(5 028 648) (1 893 454) (581 390) 161 780 341 27 134 623 4 087 696 12 494 728 180 974 281 378 968 177

Other income

3 104

Gain on foreign exchange Administration expenses Depreciation and amortisation Bargain council subsidies

(86)

(1 563 068)

(31 360) (3 559) 81 234 310 124

Operating expenses

Case disbursement expenses

(2 532 707)

Cash flow statement 31 March 2022

As previously reported

Correction of error

Note

Restated

Cash flow from operating activities Services rendered

129 770 (3 104)

6 470 688 1 110 225

6 340 918 1 113 329

Other income

Employee related costs

2 070 211 (2 196 874)

(577 069 982) (339 012 351) (908 501 420)

(579 140 193) (336 815 477) (908 501 423)

Suppliers

3

Receivables from exchange transactions, Service rendered and Other Income Service rendered and other income were not correctly accounted for in the in the prior year. These transactions also affect receivable from exchange transactions and accumulated surplus. Prepayments Prior year error arose as a result of mistatement of open tickets that had not been used by the CCMA. These transactions also affect accumulated surplus and payables from exchange transactions. Property, Plant and Equipment, Intangible Assets and Depreciation and amortisation Property, Plant and Equipment and Intangible assets errors results from prior year assets that were not correctly accounted for. These errors also affect depreciation and amortisation as well as accumulated surplus.

185