Page 187 - 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

Notes to the Annual Financial Statements
2022 2021
Restated*

26. Cash flow from operating activities

Deficit (1,959,455) (7,281,063)
Adjustments for:
Depreciation and amortisation 4,978,210 4,611,636

Loss/(Gain) on sale of assets 31,144 (3,840)

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

Contribution to employee benefits 4,754,188 2,633,414

Actuarial gain (2,121,000) (798,892)
Debt impairment 37,062 -
Changes in working capital:
Inventories 34,909 (215,594)

Receivables from non-exchange transactions (4,000) (4,000)

Receivables from exchange transactions 84,409 455,602
Prepayments (292,454) (109,717)

Payables from exchange transactions 1,420,282 (130,093)

Direct charge liability (4,643,843) (2,414,018)

11,402,180 1,387,278

27. Auditors' remuneration

Fees 4,213,589 3,567,501

28. Commitments

Authorised capital expenditure

Already contracted for but not provided for

Ÿ Property, plant and equipment 2,005,578 59,168
Ÿ Intangible assets 11,500 112,844
2,017,078 172,012

Total capital commitments

Already contracted for but not provided for 2,017,078 172,012

This committed expenditure relates to property, plant and equipment and intangible assets and will be financed through funding
received from Provincial Treasury.

Operating leases - as lessee (expense)

Minimum lease payments due
- within one year 61,605 75,942

Operating lease payments represent rentals payable by the legislature for the rental of photocopy machines to Minolco (Pty) Ltd.

Annual Report for 2021/22 Financial Year Page 172

* See Note 41