Page 195 - WCPP Annual Report 2021-22_Draft #7.6.2
P. 195

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


              41.   Prior period error

              During the preparation of the annual financial statements for the current year the following errors were identified.

              Operating leases


              During the period ended 31 March 2022, the expenditure with regard to Operating Leases was shifted from the face of the

              Statement of Financial Performance to be included in the general expense line item on the face, this is due to correcting the
              fact that the operating lease expenses froms part of the nature of expenditure which forms part of general expenses.

              Increase in general expenses                                                         503,634

              Decrease in lease rentals on operating lease                                        (503,634)
                                                                                                        -

              S&T Daily Allowance


              During the year, it was identified that the rate used for the S&T daily allowances was the incorrect rate, resulting in a short fall of
              these payments made.

              Increase in general expenses                                                           6,708

              Increase in other payables                                                            (6,708)
                                                                                                        -

              Audit fees

              During the period ended 31 March 2022 the legislature identified that in the prior year it had over paid the Auditor General

              based on a proforma invoice. A credit note was then issued to clear this over payment in April 2021. A receivable is therefore
              being raised to clear the over payment in the prior year and to which the credit note will be allocated in the current year.


              Decrease general expenses                                                            (59,770)
              Increase Receivables from exchange transactions                                       59,770

                                                                                                        -


              Statement of financial position

              Payables from exchange transactions                                                   (6,708)
              Receivables from exchange transactions                                                59,770

              Statement of Financial Performance


              General expenses                                                                     450,572
              Lease rentals on operating lease                                                    (503,634)


























              Annual Report for 2021/22 Financial Year                                              Page 180
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