Limpopo Gambling Board Annual Report

RESPONSIBLE GAMBLING

LIMPOPO GAMBLING BOARD Annual Financial Statements for the year ended 31 March 2022 Board Members' Report

The members submit their report for the year ended 31 March 2022. 1. Main business and operations The entity operates principally in South Africa. The mandate of the entity is to regulate, control and monitor gambling activities in the Province in line with the Limpopo Gambling Board Act No.3 of 2013. 2. Going concern The annual financial statements have been prepared on the basis of accounting policies applicable to a going concern. This basis presumes that funds will be available to finance future operations and that the realisation of assets and settlement of liabilities, contingent obligations and commitments will occur in the ordinary course of business. The entity is wholly dependent on the Limpopo Department of Economic Development, Environment and Tourism for continued funding operations. 3. Subsequent events The members are only aware of one matter that transpired after the end of the financial year which is disclosed in note 32. 4. Non-current assets No major changes in the nature of the non-current assets of the entity occurred during the year, as well as the policies relating to their use. 5. Members The members of the entity during the year and to the date of this report were as follows: Name Nationality Changes Mr. M.E. Tjiane - Chairperson South African Ms. B.L. Montjane - Deputy Chairperson South African Hosi/Adv. K.A. Mahumani South African Ms. M.E. Maditsi South African Mr. C.C. Nkadimeng South African Mr. J. N.Mpjane CA(SA) RA South African Mr. M.B. Tema - Treasury Representative South African Mr.S. Maja South African Mr. M. Rathumbu - LEDET Representative South African Resigned Wednesday, 30 June 2021 Mr. R. Mudogwa LEDET Representative South African Mr.M.G. Makoko - Chief Executive Officer South African 6. Bankers The bankers of the entity are Standard Bank of South Africa. 7. Accounting policies The Annual Financial Statements are prepared in accordance with the Standards of Generally Recognised Accounting Practices (GRAP), including any interpretations of such statements issued by the Accounting Standards Board, as the prescribed framework by National Treasury. The annual financial statements set out on page 4, which have been prepared on the going concern basis, were approved by the members on 31 May 2022 and were signed on its behalf by:

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