ELRC 202324 Annual Report

Financial Statements for the year ended 31 March 2024 EDUCATION LABOUR RELATIONS COUNCIL | 2023/24 ANNUAL REPORT

STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024

March 2024

March 2023

R

R

Notes

Assets Non-Current Assets

22 779 319

24 059 750

2

Property and equipment

22 472 774

23 739 296

3

Intangible assets

306 545

320 454

Current Assets

279 079 763

248 063 034

4

Trade and other receivables

2 300 524

1 416 993

5

Cash and cash equivalents

276 779 239

246 646 041

Total Assets

301 859 082

272 122 784

Equity and Liabilities Equity Retained surplus

291 308 370

264 397 942

Liabilities Current Liabilities

10 550 712

7 724 842

6

Trade and other payables

5 434 572

3 241 064

7

Provisions

5 116 140

4 483 778

Total Equity and Liabilities

301 859 082

272 122 784

135