LIMPOPO GAMBLING BOARD A/REPORT 2022/23

LIMPOPO GAMBLING BOARD Financial Statements for the year ended 31 March 2023 27. Related parties (continued)

Related party transactions Related party transactions - LEDET

2023

2022

Fund and levies surrendered

215 035 959 82 652 000

143 743 118 75 651 490

Grant transferred Microsoft license

1 120 044

1 018 811

Related party transactions - Public Works Service in kind rental revenue

1 278 282 1 278 282

- -

Service in kind rental expense

The shareholder (LEDET) has paid licence fees for the entity which the entity and the entity has refunded the shareholder in this regard. The entity is funded by means of a grant allocation through the shareholder. Levies that are collected on behlaf of the shareholder are transferred to the shareholer on a monthly basis. The funds to surrender relates to the balance of surplus funds of the previous financial year that was transferred through to the shareholder in the current financial year.

The entity houses a building owned by Public Works and has recorded a revenue and expense of service in kind in terma of the GRAP standards.

LIMPOPO GAMBLING BOARD 2022/23

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