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) Payables from exchange transactions, Administration expenses, Bargain council subsidies, Operating expenses, Case disbursement expenses and Gain on foreign exchange Prior year errors on payables from exchange transaction are as a result of expenses not accounted for or recognised in an incorrect financial year. These errors also affect accumulated surplus, operating expenses, administration expense, case disbursement expenses and gain on foreign exchange. Related parties - Payable by CCMA As previously disclosed Correction of error Restated Safety and Security Sectoral Bargaining Council 39 151 (3 559) 35 592 Unemployment Insurance Fund - 435 886 435 886 39 151 432 327 471 478 The errors are as a result of transactions incorrectly accounted for in the previous years. Related parties - Receivable by CCMA As previously disclosed Correction of error Restated Unemployment Insurance Fund 2 977 658 (2 977 658) - The errors are as a result of transactions incorrectly accounted for in the previous years. Commitments As previously disclosed Correction of error Restated Authorised capital expenditure 30 168 824 (2 484 835) 27 683 989 The commitments balance was restated due to a payment accounted for incorrectly in the register in the prior year.

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