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

2013

2012

R ‘000

R ‘000

Director: Internal Audit Basic Flexible portion of package

444 300 744

428 285 713

Director: Factory Manager Basic Flexible portion of package

535 284 819

493 326 819

Director: Financial Management Basic Flexible portion of package

607 460

585 390 975

1,067

Director: Project Management (Appointed 1/12/2010, Resigned 30/06/2011) Basic

- - -

106

Flexible portion of package

79

185

Director: Information Technology (Appointed 24/05/2012) Basic

430- 185- 615-

- - -

Flexible portion of package

20. REMUNERATION OF AUDIT COMMITTEE MEMBERS

Audit committee members

37

78

21. CONTINGENCIES

In terms of the PFMA, all surplus funds as at year end may be forfeited to National Treasury should an application for retention of surplus funds be denied.The GPW will submit an application to National Treasury for the retention of surplus funds for the year ending 31 March 2013. As in previous years the GPW expects that National Treasury will approve the retention of the surplus funds.

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