CGE ANNUAL REPORT

2022/23 ANNUAL REPORT

Financial Statements for the year ended 31 March 2023

Statement of Comparison of Budget and Actual Amounts for the year ended 31 March 2023

Budget on Accrual Basis

Approved budget

Adjustments

Final Budget

Actual amounts on comparable basis

Difference between finalbudget and actual

Reference

Figures in Rand

Statement of Financial Performance Revenue

Revenue from exchange transactions Other income Revenue from non-exchange transactions

-

1 266 717

-

-

1 266 717

Note 22

Transfer revenue Public contributions anddonation

-

178 259

-

- -

178 259

Note 22 Note 22

100 722 000

-

Transfers from National Government Total revenue from non exchange transactions

100 722 000

100 722 000

100 722 000

-

100 722 000 100 900 259

178 259

Total revenue

100 722 000

-

100 722 000 102 166 976 1 444 976

Expenditure Personnel

(70 982 748)

11 230 109 (1 582 705)

(70 982 748)

- -

(59 752 639)

Note 22 Note 22

-

Depreciation and amortisation

-

(1 582 705)

- -

(23 044) (14 415)

Finance costs

- -

- - -

(23 044) (14 415)

Note 22 Note 22 Note 22

Bad debts written off

(29 739 252)

(3 739 264)

General Expenses

(29 739 252)

(33 478 516)

Total expenditure Operating surplus

(100 722 000)

- (100 722 000) (94 851 319)

5 870 681

- -

7 315 657 7 315 657

-

- -

(14 310)

Loss on disposal of assets and liabilities

(14 310)

Note 22

Surplus for the year

-

-

-

7 301 347 7 301 347

178