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 Comparison of Budget and Actual Amounts

Budget on Cash Basis

Reference

Difference between final budget and actual R

Adjustments

Final Budget

Actual amounts on comparable basis R

Approved budget R

R

R

Statement of Financial Performance

Revenue

Revenue from non‑exchange transactions

Taxation revenue

Mine Levy Income

78,864,348

-

78,864,348

78,864,348

-

Interest form Investments

5,508,000

-

5,508,000

8,891,982

3,383,982

28

Transfer revenue

State funding

4,386,000

-

4,386,000

4,386,000

-

Levies

-

-

-

491,517

491,517

Total revenue from non‑exchange transactions

88,758,348

88,758,348

92,633,847

3,875,499

Expenditure

Employee Costs

(55,889,000)

(3,649,262)

(59,538,262)

(51,295,077)

8,243,185

28

Depreciation and amortisation

(5,724,000)

-

(5,724,000)

(8,478,827)

(2,754,827)

28

Finance costs

-

(55,281)

(55,281)

(141,134)

(85,853)

28

Lease rentals on operating lease

-

(5,057,029)

(5,057,029)

(2,925,264)

2,131,765

28

Debt Impairment

-

-

-

(2,338,439)

(2,338,439)

28

Research and development

(60,690,000)

41,327,072 (19,362,928)

(9,705,685)

9,657,243

28

Operating expenses

(9,553,750)

(32,566,619)

(42,120,369)

(37,985,25)

4,135,115

28

Total expenditure

(131,856,750)

(1,119) (131,857,869)

(112,869,680)

18,988,189

69

“EVERY MINE WORKER RETURNING FROM WORK UNHARMED EVERYDAY”