Page 177 - WCPP Annual Report 2021-22_Draft #7.6.2
P. 177
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
Notes to the Annual Financial Statements
Figures in Rand 2022 2021
12. Heritage assets
2022 2021
Cost / Accumulated Carrying value Cost / Accumulated Carrying value
Valuation impairment Valuation impairment
losses losses
Paintings, sculptures and 4,732,002 (143,702) 4,588,300 4,732,002 (143,702) 4,588,300
ornaments
Reconciliation of heritage assets 2022
Opening Additions Disposals Impairment Total
balance losses
recognised
Paintings, sculptures and ornaments 4,588,300 - - - 4,588,300
Reconciliation of heritage assets 2021
Opening Additions Disposals Impairment Total
balance losses
recognised
Paintings, sculptures and ornaments 4,732,002 - - (143,702) 4,588,300
Pledged as security
No heritage asset was pledged as security.
13. Payables from exchange transactions
Accruals 1,399,952 1,107,071
Other payables 1,261,266 133,863
2,661,218 1,240,934
Other payables
Creditors 90,545 50,392
Salary control account - 76,763
S&T Daily Allowance 9,286 6,708
Members backpay 573,340 -
Income Tax: Members backpay 382,528 -
Pension: Members backpay 205,567 -
1,261,266 133,863
14. Direct charge liability
Direct chargedue to the Revenue Fund:
Transfer from the statement of financial performance 9,082,728 4,643,843
Movement during the year
Balance at the beginning of the year 4,643,843 2,414,018
Transfer from the statement of financial performance 9,082,728 4,643,843
Payment during the year (4,643,843) (2,414,018)
9,082,728 4,643,843
Annual Report for 2021/22 Financial Year Page 162