Limpopo Gambling Board Annual Report

LIMPOPO GAMBLING BOARD Annual Financial Statements for the year ended 31 March 2022 Statement of Comparison of Budget and Actual Amounts Budget on Accrual Basis Approved budget Adjustments Final Budget

Actual amounts on comparable basis

Difference between final budget and actual

Reference

Statement of Financial Performance Revenue Revenue from exchange transactions Operating Income Total revenue from exchange transactions Revenue from non-exchange transactions Transfer revenue Government grants & subsidies Interest received

2 154 000

(485 421) (72 081) (557 502)

37.1 37.2

4 494 000 (2 340 000)

1 668 579

626 000

1 526 000

(900 000)

553 919

6 020 000 (3 240 000)

2 780 000 2 222 498

75 652 000

(510)

60 652 000 15 000 000

75 651 490

68 200 000 44 524 000 112 724 000 129 780 659

17 056 659

37.3

Other operating revenue

-

131 097

Sundry income

-

-

131 097

12 115 000

(3 115 218)

37.4

Annual Licence fees

14 615 000 (2 500 000)

8 999 782

Total revenue from non exchange transactions

143 467 000 57 024 000 200 491 000 214 563 028 14 072 028

Total revenue

149 487 000 53 784 000 203 271 000 216 785 526 13 514 526

Expenditure Personnel

(4 000 000) (44 744 359) (41 568 544)

3 175 815

37.5 37.6 37.7 37.8

(40 744 359)

(1 038 968) (1 300 000)

13 707

Board member expenses

-

(1 038 968) (134 275)

(1 025 261) (1 360 143)

(60 143)

Depreciation and amortisation

(1 165 725) (21 152 000)

(8 461 032) (29 613 032) (21 717 975)

7 895 057

Operating Expenses Total expenditure

(63 062 084) (13 634 275) (76 696 359) (65 671 923) 11 024 436 86 424 916 40 149 725 126 574 641 151 113 603 24 538 962 86 424 916 40 149 725 126 574 641 151 113 603 24 538 962

Surplus before taxation

Actual Amount on Comparable Basis as Presented in the Budget and Actual Comparative Statement

Reconciliation

10

120