CIPC Annual Report V1

Companies and Intellectual Property Commission Annual Financial Statements for the year ended 31 March 2021 Statement of Comparison of Budget and Actual Amounts Budget on accrual Basis Approved budget Adjustments Final Budget Actual amounts on comparable basis

Difference between final budget and actual

Reference

R '000

R '000

R '000

R '000

R '000

Statement of Financial Performance

Revenue

183 208

11 296

Revenue from exchange transactions Revenue from non exchange transactions Interest received from exchange transactions Gains on disposal of assets Other income

183 208

-

194 504

382 048

33 876

N1

382 048

-

415 924

3 350

5 622

N2 N3

3 350

- -

8 972

47 242

(23 536)

47 242

23 706

-

114

-

-

114

Total revenue

615 848

-

615 848

643 220

27 372

Expenses Employee cost

(401 527) (130 368) (52 155) (24 362)

32 284

N4

(401 527) (130 368) (52 155) (24 362)

- - - - - - -

(369 243) (121 458) (9 623) (20 356)

8 910

Operational expenditure

42 532

N5 N6

Other administrative expenditure Depreciation and amortisation

4 006

- - -

(97) (58) (77)

Impairment loss

- - -

(97) (58) (77)

Assets derecognised

Bad debts

Total expenditure

(608 412)

-

(608 412)

(520 912)

87 500

Surplus for the year

7 436

-

7 436

122 308

114 872

Actual Amount on Comparable Basis as Presented in the Budget and Actual Comparative Statement - Refer note 36

7 436

-

7 436

122 308

114 872

Statement of Financial Position

Assets

Non-Current Assets Property, plant and equipment

19 720 16 000

(9 936) (1 566)

N7

19 720 16 000

- -

9 784

Intangible assets

14 434

Total Assets

35 720

-

35 720

24 218

(11 502)

Net Assets

Net Assets Attributable to Owners of Controlling Entity

Reserves Accumulated surplus

35 720

(11 502)

35 720

-

24 218

8

COMPANIES AND INTELLECTUAL PROPERTY COMMISSION I Annual Report 2020/21

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