GPW_AR_2013_Final_v10.pdf

125 year anniversary

NOTES TO THE ANNUAL FINANCIAL STATEMENTS Annual Financial Statements for the year ended 31 March 2013

Note(s)

2013

2012

R ‘000

R ‘000

2. REVENUE Revenue

929,154

692,919

Regular sales

605,833 323,321 929,154

590,617 102,302 692,919

Contract printing

3. OTHER INCOME Bad debts recovered

12

727

Discount received Deferred income Other recoveries

2,667

1,624

66,933

66,334

1

83

Other income

-

1

69,613

68,769

4. OPERATING EXPENDITURE Administration and management fees

27,587

21,310

Auditors’ remuneration

4,566 6,487

3,121

Provision for impairment of trade and other receivables

(5,423)

Bad debts written off

8

59

Depreciation and amortisation

10,527 60,119 52,439

3,425

Employee costs

57,326 33,570

Other operating expenditure Loss on exchange differences Loss on disposal of assets

238

968

6

2

161,977

114,358

5. SURPLUS FOR THE YEAR The following items have been charged in arriving at surplus for the year Depreciation

78,772

75,585

Amortisation

2,090 4,566

-

Auditors’ remuneration

3,121

85,428

78,706

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