Limpopo Gambling Board Annual Report

LIMPOPO GAMBLING BOARD Annual Financial Statements for the year ended 31 March 2022 Notes to the Annual Financial Statements

2022

2021

11. Cash and cash equivalents Cash and cash equivalents consist of: Cash on hand

5 000

5 000

Bank balances

33 184 580 27 002 359 33 189 580 27 007 359

12. Operating lease liability

Current Operating lease liability

5 014 420 9 072 069

Lease liabilities Current portion of operating lease

5 014 420 9 072 069

13. Staff accrual Reconciliation of provisions - March 2022

Opening Balance

Additions Utilised during the year

Total

Leave days

1 274 767 4 028 570 (3 873 660) 444 595 1 742 091 (1 745 295)

1 429 677 441 391 2 175 000 4 046 068

13th cheques and savings Performance bonus

-

2 175 000

-

1 719 362 7 945 661 (5 618 955)

Reconciliation of staff accrual - March 2021

Opening Balance

Additions Utilised during the year

Total

Leave days

1 244 359 3 744 605 (3 714 197) 426 285 1 770 920 (1 752 610) 1 670 644 5 515 525 (5 466 807)

1 274 767 444 595 1 719 362

13th cheques and savings

13th Cheque relates to savings which the staff accrue on a monthly basis and is paid in December each year. Leave days accrue monthly and expensed as utilised against the provision. 14. Deferred income Reconciliation for the deferred income Opening balance 8 515 282 8 000 493 Deferred income recognised in the current year (8 515 282) (8 000 493) Deferred income raised in the current year

5 602 972 8 515 282 5 602 972 8 515 282

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