Page 19 - CAO Annual Report 2023-24

CENTRAL APPLICATIONS OFFICE
CENTRAL APPLICATIONS OFFICE NPC (RF) REGISTRATION NUMBER: 2007/002819/08
NOTES TO THE ANNUAL FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024 (Continued)
4. CASH AND CASH EQUIVALENTS
2024 R
2023 R
Bank balances and cash comprise cash held with registered banking institutions:
Cash at bank and on hand
3 968 692
21 499 445
Short term deposits
58 216 563
28 406 610
Credit cards
(9 786)
(59 554)
Cash and cash equivalents
62 175 469
49 846 501
Cash and cash equivalents is made up as follows:
Current assets
62 185 255
49 906 055
Current liabilities
(9 786)
(59 554)
Cash and cash equivalents
62 175 469
49 846 501
5. TRADE & OTHER PAYABLES
Trade and other payables is made up as follows:
Trade creditors
6 770 430
5 146 321
Accruals
153 600
75 900
Payroll accruals
454 988
412 884
7 279 018
5 635 106
6. REVENUE
Revenue comprises administration fee income, net of refunds and income from institutions.
58 500 999
53 911 528
ANNUAL REPORT 2023/2024 17