Page 25 - Playhouse Annual Report 2021:22

2022
2021
Non-current assets
180,033
186,085
Current assets - non cash
1,749
1,611
Current assets - cash
91,896
87,565
TOTAL ASSETS
273,677
275,261
Non-current liabilities
39,691
30,666
Current liabilities
7,037
7,550
TOTAL LIABILITIES
46,728
38,216
Cash Flows
Cash and cash equivalents increased by R4.3m from R87.6m to R91.9m. Cash inflows from operating activities of R7.5m was used to offset the cash outflows from investing activities of R3.2m.
Materiality Framework
The Council has determined its framework of acceptable levels of materiality and significance, in conjunction with the external auditors, as follows:
• Revenue and expenditure – 1%
• Assets and liabilities – 3%
Materiality is calculated against the above framework, however, there are instances where the situation may warrant a more stringent materiality level and the level is adjusted accordingly. A conservative approach is otherwise used in determining these levels of materiality.
Precious Lynda Bukhosini
Chief Executive Officer and Artistic Director The Playhouse Company
Date: 29 July 2022
Annual Report 2021/2022 23