CGE ANNUAL REPORT

2022/23 ANNUAL REPORT

Financial Statements for the year ended 31 March 2023

Statement of Financial Performance for the year ended 31 March 2023

Figures in Rand

Note(s)

2023

2022

Revenue Revenue from exchange transactions Other income

11

1 266 717

712 547

Revenue from non-exchange transactions

Transfer revenue Public contributions and donations Transfers from National Government

12 13

178 259

-

100 722 000 100 900 259 102 166 976

91 376 000 91 376 000 92 088 547

Total revenue from non-exchange transactions

Total revenue

Expenditure Employee related costs

15

(59 752 639) (1 582 705)

(54 299 604) (1 297 947)

Depreciation and amortisation

Finance costs

16

(23 044) (14 415) (14 310)

(42 697)

Bad debts written off Loss on disposal of assets

-

(98 323)

General Expenses Total expenditure Surplus for the year

14

(33 478 516) (94 865 629)

(22 097 088) (77 835 659) 14 252 888

7 301 347

175