Page 12 - Executive Board Meeting 14 July 2021
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8. MANAGEMENT REPORT 8.1 Financial Reports
FINANCIAL REPORT 2021
APRIL 2021
Total Income
Total Expences SURPLUS / (DEFICIT)
SAPPO - CASH FLOW
Investment (FNB / Momentum)
ACTUAL
TARGET
R12 177 931
R-
-8,74% -21,69%
R10 881 887
R 1296044
R 13 241 683
R 13 241 683
R 10 676 512
Overdraft (FNB)
R 4 338 465
LESS APRIL 2021 Surplus
LESS SAPPO Working Capital
R 1 296 044
R 10 327 731
R 3 391 202
SURPLUS / (DEFICIT)
The current surplus was expected to be spent by the end of the financial year.
An amount of R10,6 million was invested at Momentum Wealth.
SAPPO has working capital reserve funds for three months.
At the end of 2021 all surplus funds will be transferred to the disaster fund to be available when necessary, such as in the event of a disease outbreak.
The meeting noted that there were 3 debtors, namely Thaba ‘Nchu Abattoir, Mac Pork and Trauw Capital, that are of great concern to SAPPO.
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