Limpopo Gambling Board Final

LIMPOPO GAMBLING BOARD Financial Statements for the year ended 31 March 2023 Board Members’ Report

The members submit their report for the year ended 31 March 2023.

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 31. 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’s term ended on the 31st of October 2022 and board members were reappointed with the exception of Ms. Motjane who was the former deputy chair.The members of the entity during the year and to the date of this report are as follows:

Name

Nationality

Changes

Mr. M.E. Tjiane - Chairperson Hosi/Adv. K.A. Mahumani - Deputy Chairperson

South African Appointed Tuesday, 01 November 2022 South African Appointed Tuesday, 01 November 2022

Ms. M.E. Maditsi

South African Appointed Tuesday, 01 November 2022 South African Appointed Tuesday, 01 November 2022 South African Appointed Tuesday, 01 November 2022 South African Appointed Tuesday, 01 November 2022

Mr. C.C. Nkadimeng

Mr. J. N.Mpjane CA(SA) RA Mr. M.B. Tema - Treasury Representative

LIMPOPO GAMBLING BOARD 2022/23

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