Limpopo Gambling Board Final

LIMPOPO GAMBLING BOARD Financial Statements for the year ended 31 March 2023 32. Amounts to be surrendered to Provincial Treasury (continued) Included in the funds to surrender note are amounts that relate to prior period errors. These have been taken into account in the note 29 that deals with prior period errors. This means that in the previous years the entity had over- surrendered as the figures perftaining to the errors had not been taken into acccount then. Prior period errors are disclosed in the prior period error note. 33. Fruitless and wasteful expenditure The entity has not incurred any fruitless expenditure for the year under review. However there is an amount from the 2022 financial year of R7 643. Fruitless expenditure is presented inclusive of VAT. 34. Irregular expenditure The entity does not have any irregular expenditure for the 2022 and 2023 financial years. 35. Reconciliation between budget and statement of financial performance - Own Revenue Reconciliation of actual amounts on a comparable basis and actual amounts in the financial statements: The entity surrenders the funds to Provincial Treasury through the LEDET.

Per statement of financial posistion - Own Revenue

2023

2022

Operating revenue Interest received

1 774 562 1 042 796

1 668 579

553 919

Other operating revenue

196 035 728

129 780 659

Sundry income

200 100

131 097

Annual licence fees

8 722 864

8 999 782

Per statement of comparison of budget and actual

207 776 050

141 134 036

36. Reconciliation between budget and statement of financial performance – Personnel expenditure 2023 2022 Per statement of financial performance 44 286 440 41 568 544 Less: Leave pay provisions 1 714 919 (396 062) Per Statement of comparison of budget and actual amounts 46 001 359 41 172 482

LIMPOPO GAMBLING BOARD 2022/23

183