ECIC IR 2023

ANNUAL Financial Statements for the year ended 31 March 2023

E

D

H

S

I

L I

N

B

2

0

A

0

T

S

1

E

E X P O R T C R E

L T D

O C

A S

C

R I

D I

F

T

A

I

N

H

S

T

U

U

R

O

A

S

N

F

C

O

E

N

C

O

O

I

R

T

P

A

O

R

Notes to the Financial Statements

Other related party transactions The following transactions were entered into with the government of South Africa through its various departments and entities on commercial terms and conditions:

2023 R’000

2022 R’000

Statement of comprehensive income effects: Premium Industrial Development Corporation of South Africa SOC Ltd (IDC) Development Bank of Southern Africa SOC Limited (DBSA)

3 753

3 339

39 585

41 052

IMU grant receipts Department of Trade, Industry and Competition ( the dtic )

150 000

208 078

Other income (Interest) South African Revenue Services (SARS)

55

-

Other income (Reversal of provision for doubtful debts) Development Bank of Southern Africa SOC Limited

-

135

Mandatory grants received in terms of the Skills Development Levies Act Insurance Sector Education and Training Authority (INSETA)

226

150

Other operating expense Office of the Compensation Commissioner (OOTCC)

61

47

Financial Sector Conduct Authority (FSCA)

516

495

Industrial Development Corporation of South Africa SOC Ltd

1 000

- -

Prudential Authority (PA)

42

Statement of financial position effects: Assets Financial assets Bonds – Parastatals

25 613

26 885

Bonds – National government

1 297 443

1 187 281

Taxation (Income Tax) South African Revenue Services

100 154

2 066

Trade and other receivables (excluding provision for doubtful debts) Development Bank of Southern Africa SOC Limited

17 815

23 066

Total assets

1 441 025

1 239 298

Liabilities Trade and other payables Office of the Compensation Commissioner South African Revenue Services (Value added tax)

61

47

2 065 2 126

615 662

Total liabilities

YOUR EXPORT RISK PARTNER

80