CIPC Annual Report V1

Companies and Intellectual Property Commission Annual Financial Statements for the year ended 31 March 2021 Statement of Financial Performance

2021

2020

Notes

R '000

R '000

Revenue

Revenue from exchange transactions Fees

13.1 13.2 13.3

194 504 23 706

177 025 41 633

Interest income Other income

8 972

9 474

Gain on disposal of assets

114

34

Total revenue from exchange transactions

227 296

228 166

Revenue from non-exchange transactions

13.4

Annual return fees

415 924

373 885

Total revenue

13

643 220

602 051

Expenditure Advertising

(808)

(3 855) (4 441)

14

Audit fees Bad debts

(4 401)

(77)

(44)

Bank charges

(4 715) (68 557) (20 356) (369 243)

(4 529) (68 637) (23 191) (348 130)

15 16 17

Consulting and professional fees Depreciation and amortisation

Employee related costs

Impairment loss

(97)

(87)

Internet and network costs Maintenance and repairs Operating lease charges Other operating expenses

(2 740)

(3 426)

(592)

(408)

18 20 19

(33 549) (13 684) (1 636)

(29 206) (26 334) (3 086) (4 755)

Publications, printing and stationery

Travelling and subsistence

(457)

Total expenditure

(520 912)

(520 129)

Surplus for the year

122 308

81 922

5

COMPANIES AND INTELLECTUAL PROPERTY COMMISSION I Annual Report 2020/21

75