LIMPOPO GAMBLING BOARD A/REPORT 2022/23

LIMPOPO GAMBLING BOARD Financial Statements for the year ended 31 March 2023

2023

2022

19. Revenue from Non-Exchange Transactions - Levies (continued) Horseracing levies

121 678 157 11 474 621 196 035 726

63 310 636 11 005 650 129 780 658

Bingo levies

20. Employee related costs Basic Medical aid - company contributions

34 238 091

32 180 356

881 724 127 013 151 791

910 097 140 450 396 062

UIF

Leave pay provision charge

Pension fund

3 607 204

3 226 834

Long-service awards

41 138

55 964

13th Cheques

1 890 044 1 124 487

1 742 091

Housing benefits and allowances

966 111 44 493 913 818 992 268

Danger allowance Cell phone allowance

50 627

1 038 415 1 135 906 44 286 440

Gratuity

41 568 544 Included in the figure for basic salaries is an amount of R 1 289 569 (2022: R2 175 000) which relates to the performance bonuses that have been raised by the end of the 2022 financial year. However, out of the R 2 175 000 raised last year, only a pay out of R 1 140 854 was made. Defined contribution plan (Pension) Senior staff 764 939 695 300 Other staff 2 842 264 2 531 534 3 607 203 3 226 834 The employer contributes a percentage of an employee’s salary to the Old Mutual Pension Fund which is subject to the Pension Fund Act, where it is vested on the employee’s behalf. On retirement the employee will receive contributions plus returns on investment. The employer has no obligation other than to make the monthly payments and no further risk. The risk of market movements lies with the employee 21. General expenses Audit fees internal 633 348 283 826 Advertising and promotions 182 802 361 887 Assessment rates 480 387 489 837 Auditors fees - Auditor General 2 271 907 2 192 369 Bank charges 78 293 45 447

LIMPOPO GAMBLING BOARD

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