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 Performance

2020

2019 Restated* R

Note(s)

R

Revenue Revenue from non‑exchange transactions

Mine Levy Income

78,864,348

78,875,215 10,306,470

Interest received

8,891,982

Transfer revenue State funding

4,386,000

4,803,000

Other income

491,517

194,678

Total revenue from non‑exchange transactions

92,633,847

94,179,363

Expenditure Employee costs

(51,295,077)

(49,927,021)

15

Depreciation and amortisation

(8,478,827)

(5,054,758)

Finance costs

(141,134)

(165,781)

16

Lease rentals on operating lease

(2,925,264) (2,338,439)

(2,897,671) (3,409,193)

Debt Impairment

Loss on disposal of assets

(2,215)

(54,727)

Operating Expenses

(37,985,254)

(43,987,605)

Research and development

(9,705,685)

(11,328,051)

Total expenditure

(112,871,895)

(116,824,807)

Deficit for the year

(20,238,048)

(22,645,444)

66

“EVERY MINE WORKER RETURNING FROM WORK UNHARMED EVERYDAY”