ELRC 202324 Annual Report

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

L EDUCATION LABOUR RELATIONS COUNCI

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2024

March 2024

March 2023

Description

R

R

Notes

8

Revenue

106 192 887

101 301 969

9

Other Income

22 570 872

15 137 130

2&3

Depreciation, amortisation and impairment loss

(2 145 297)

(1 844 748)

10

Employee related costs

(51 806 068)

(46 612 391)

19

Operating Expenditure

(47 901 967)

(34 350 998)

Operating surplus for the year

26 910 428

33 630 962

Other comprehensive income

-

-

Total comprehensive income for the year

26 910 428

33 630 962

136