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

28. Related parties (continued) The shareholder has paid licence fees for the entity which the entity has accounted for as a liability at the end of the financial year ending March 2021; these were however settled in full in the current year. 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.

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