MHSC ANNUAL REPORT 2020

MINE HEALTH AND SAFETY COUNCIL ▪ ANNUAL REPORT 2019/20

Mine Health and Safety Council for the year ended March 31, 2020

Statement of Financial Position as at March 31, 2020

2020

2019 Restated*

R

R

Note(s)

Assets Current Assets Inventories

179,649

137,754

7

Receivables from exchange transactions

4,527,273 2,924,189

3,854,159 1,437,876

8

Statutory receivables

9

Cash and cash equivalents

128,578,693 136,209,804

155,149,452 160,579,241

10

Non‑Current Assets

Property, plant and equipment

5,233,359 2,665,427 7,898,786

10,758,592

3

Intangible assets

172,508

4

10,931,100

Total Assets

144,108,590

171,510,341

Liabilities Current Liabilities Finance lease obligation

305,622 229,230

491,762 213,225

11

Operating lease liability

5

Payables from exchange transactions

11,746,276

19,124,138

13

Provisions

3,934,859

4,244,441

12

16,215,987

24,073,566

Non‑Current Assets Finance lease obligation

16,034

321,656 183,770 742,000

11

Operating lease liability

-

5

Employee benefit obligation

559,000

6

Administrative Fines Liability

5,661,895 6,236,929

4,295,627 5,543,053

Total Liabilities

22,452,916

29,616,619

Net Assets

121,655,674

141,893,722

Accumulated surplus

121,655,674

141,893,722

65

“EVERY MINE WORKER RETURNING FROM WORK UNHARMED EVERYDAY”