Limpopo Gambling Board Annual Report

LIMPOPO GAMBLING BOARD Annual Financial Statements for the year ended 31 March 2022 Statement of Financial Performance

2022

2021 Restated*

Note(s)

Revenue Revenue from exchange transactions Operating revenue

17 18

1 668 579 1 500 238

Interest received

553 919

587 692

Total revenue from exchange transactions

2 222 498 2 087 930

Revenue from non-exchange transactions Transfer revenue Government grants & subsidies

19

75 651 490 61 381 000

20 129 780 659 79 540 774

Other operating revenue

Sundry Income

131 097

38 106

16

Annual licence fees

8 999 782 9 131 749 214 563 028 150 091 629 216 785 526 152 179 559

Total revenue from non-exchange transactions

Total revenue

15

Expenditure Employee related costs Board members' expenses Depreciation and amortisation

21 (41 568 544) (38 624 945)

(1 025 261) (1 360 143)

(820 489) (1 328 723)

Loss on disposal of assets

-

(54 745)

23 (21 717 975) (19 383 182)

Operating expenses Total expenditure Surplus for the year

(65 671 923) (60 212 084) 151 113 603 91 967 475

* See Note 29

7

117