Page 144 - WCPP Annual Report 2021-22_Draft #7.6.2

Annual Report for the 2021/22 Financial Year
Vote 2: Western Cape Provincial Parliament
Part E: Financial Information for the year ended 31 March 2022

Statement of Financial Position as at 31 March 2022
Figures in Rand Note(s) 2022 2021
Restated*

Assets
Current Assets
Cash and cash equivalents 3 21,977,767 14,119,065

Inventories 4 1,479,772 1,514,681

Receivables from non-exchange transactions 5 77,400 73,400

Receivables from exchange transactions 6 73,571 195,042
Prepayments 7 912,770 620,316
24,521,280 16,522,504

Non-Current Assets

Long term receivables from non-exchange transactions 8 5,941 8,341

Long term receivables from exchange transactions 9 9,329 10,415
Property, plant and equipment 10 10,085,743 11,839,212

Intangible assets 11 2,353,993 2,625,829

Heritage assets 12 4,588,300 4,588,300

17,043,306 19,072,097

Total Assets 41,564,586 35,594,601

Liabilities
Current Liabilities

Payables from exchange transactions 13 2,661,218 1,240,934
Direct charge liability 14 9,082,728 4,643,843

Finance lease obligation 15 112,228 162,150

Employee benefit obligation 16 9,757,834 8,762,646

21,614,008 14,809,573

Non-Current Liabilities
Finance lease obligation 15 861,667 1,374,660

Employee benefit obligation 16 25,956,000 24,318,000

26,817,667 25,692,660

Total Liabilities 48,431,675 40,502,233

Net Liabilities (6,867,089) (4,907,632)

Accumulated deficit (6,867,089) (4,907,634)

Annual Report for 2021/22 Financial Year Page 129