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

26. IRREGULAR EXPENDITURE

Overtime in excess of 30 percent of basic salary

-

1,845

Opening balance

- - - -

5,384 1,845

Add: Irregular expenditure - current year

Less: Amounts condoned

(7,229)

-

4E]QIRX XS WYTTPMIV [MXLSYX 8E\ 'PIEVERGI 'IVXM½GEXI

173

173

Opening balance

173

-

Add: Irregular expenditure - current year

-

173 173

173

27. FRUITLESS AND WASTEFUL EXPENDITURE There was no fruitless and wasteful expenditure during the year.

28. GIFTS AND DONATIONS No gifts and donations were made during the year.

29. EX-GRATIA PAYMENTS Payments made during the year.

20

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30. FINANCIAL INSTRUMENTS General The GPW’s activities expose it to a variety of risks.This section summarises these risks and the manner in which the GPW manages them.

'EXIKSVMIW SJ ½RERGMEP MRWXVYQIRXW Financial assets Cash and bank balances

1,028,331

958,458 161,294

Trade receivables Financial liabilities Trade payables

404,770

184,442

115,765

60