Page 37 - FSC_AR Status Report

Notes to the Annual Financial Statements (continued)
13. Taxation
Non provision of tax
The Council’s income and accruals are exempt from income tax under exemption number 930068132.
FOREST SECTOR CHARTER COUNCIL
(Registration number 2009/006567/08)
Annual Financial Statements for the year ended 31 March 2023
Figures in Rands
2023
2022
14. Cash generated from (used in) operations
Net (deficit)/surplus
Adjustments for:
Depreciation, amortisation, impairments and reversals of impairments Profit on sale of assets and liabilities
Investment income
Changes in working capital:
(Increase) decrease in trade and other receivables Increase (decrease) in trade and other payables
(461 040)
31 946
(3 800) (531 680)
2 719 991 195 909
1 951 326
1 289 080
17 637 (23 351) (308 469)
(2 394 524) (52 054)
(1 471 681)
ANNUAL REPORT 2022/2023 35