Page 145 - 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 Performance

Figures in Rand Note(s) 2022 2021
Restated*

Revenue

Revenue from exchange transactions
Recoveries 17 138,296 115,042
Interest received 18 252,162 367,400
Other income 19 17,329 1,030
Total revenue from exchange transactions 407,787 483,472

Revenue from non-exchange transactions

Transfer revenue

Fines, Penalties and Forfeits 250 -

Services in kind: Rental 36 9,583,740 9,195,210
Annual appropriation 20 160,405,721 138,607,053
Statutory appropriation 20 47,997,000 51,748,005

Total revenue from non-exchange transactions 217,986,711 199,550,268

Total revenue 218,394,498 200,033,740

Expenditure

Employee related costs 21 (79,445,683) (71,120,936)

Members remuneration 22 (44,515,895) (50,423,207)
Debt Impairment (37,062) -

Depreciation, amortisation and impairments 10&11 (4,978,210) (4,611,636)

Finance costs 23 (618,107) (786,693)

Transfer payments 24 (49,224,136) (48,597,834)
General expenses 25 (24,958,248) (18,738,176)
Services in kind: Rental 36 (9,583,740) (9,195,210)

Total expenditure (213,361,081) (203,473,692)

Operating surplus (deficit) 5,033,417 (3,439,952)
(Loss)/Gain on the disposal of assets (31,144) 3,840

Actuarial gain 16 2,121,000 798,892

2,089,856 802,732

Surplus/(Deficit) before funds surrendered 7,123,273 (2,637,220)

Transfer to direct charge liability (9,082,728) (4,643,843)

Deficit for the year (1,959,455) (7,281,063)

* See Note 41

Annual Report for 2021/22 Financial Year Page 130