Limpopo Gambling Board Final

LIMPOPO GAMBLING BOARD Financial Statements for the year ended 31 March 2023 13. Staff accrual Reconciliation of provisions - March 2023

Opening Balance

Utilised during the year

Aditions

Total

Leave days

1 429 677

4 408 982 1 923 318

(4 260 028) (1 890 044) (1 140 854) (7 290 926)

1 578 631

13th cheques and savings

441 391

474 665

Performance bonus

2 175 000 4 046 068

255 423

1 289 569 3 342 865

6 587 723

Reconciliation of staff accrual - March 2022 Leave days 1 274 767

4 028 570 1 742 091 2 175 000 7 945 661

(3 873 660) (1 745 295)

1 429 677

13th cheques and savings

444 595

441 391

Performance bonus

–

–

2 175 000 4 046 068

1 719 362

(5 618 955)

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

2023

2022

Opening balance

5 602 972 (5 602 972) 6 764 073

8 515 282 (8 515 282) 5 602 972

Deferred income recognised in the current year

Deferred income raised during the year

6 764 073

5 602 972

15. Revenue Operating revenue Interest received

1 774 562 1 042 796 82 652 000 196 035 728 1 278 282 1 281 120 8 722 864 292 787 352

1 668 579

553 919

Government grants & subsidies

75 651 490 129 780 659

Other operating revenue Service in kind rental

-

Sundry Income

131 097

Annual licence fees

8 999 782 216 785 526

LIMPOPO GAMBLING BOARD

166