Page 21 - 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)
10. RELATED PARTY INFORMATION (continued)
2024 R
2023 R
The following entities are related parties to the Company:
Durban University of Technology
Mangosuthu University of Technology
University of KwaZulu-Natal
University of Zululand
10.2. Material related party transactions
Income received from:
Durban University of Technology
-
30 528
10.3 Key management remuneration
Key management remuneration paid
2 519 114
2 263 490
11. GOING CONCERN
The annual financial statements have been prepared on the basis of accounting policies applicable to a going concern. This basis presumes that funds will be available to finance future operations and that the realisation of assets and settlement of liabilities, contingent obligations and commitments will occur in the ordinary course of business.
ANNUAL REPORT 2023/2024 19