Page 22 - CAO Annual Report 2022

CENTRAL APPLICATIONS OFFICE CENTRAL APPLICATIONS OFFICE CENTRAL APPLICATIONS OFFICE NPC (RF) REGISTRATION NUMBER: 2007/002819/08
NOTES TO THE THE ANNUAL FINANCIAL STATEMENTS (Continued)
(Continued)
FOR THE THE YEAR ENDED 28 FEBRUARY 2022 (Continued)
7 OPERATING PROFIT
2022 2021 RR
Operating surplus for the year is arrived at at after crediting: -
Profit on disposal o of asset
285 970 -
Operating surplus for the year is arrived at at after debiting: -
Audit fees
60 652 145 520
Depreciation and amortisation
10 10 623 474 2 2 100 787
Employee costs
14 856 958 13 268 099
8 INTEREST RECEIVED
Interest received from banking Institutions
826 985 625 009
9 TAXATION
No taxation has has been provided as as as the the CAO has has obtained exemption under section 10(1)(cN) and 18A of the Income Tax Act 10 RELATED PARTY INFORMATION
10 1 1 Identity of Related Parties
The following Directors are related parties to to the Company:
Dr G Chetty
Mr GB van der Ross
Dr JS Chalufu
Mr S Naidoo
Mr D Wilkinson
Mr BS Banda
Mr ZP Gumede
Dr NPJ Nombela-Mseleku
20 20 20 ANNUAL REPORT 2021/2022 (PART I)