Page 180 - Adopt-a-School Foundation 2016-2017 Annual Report

ADOPT-A-SCHOOL FOUNDATION NPC
NOTES TO THE ANNUAL FINANCIAL STATEMENTS
for the year ended 30 June 2017

Figures in Rands 2017 2016
R R
9. Revenue

Anchor Revenue 6 074 667 8 438 836
Fundraising Revenue 8 907 625 6 681 161
Project Related Revenue 49 618 086 76 501 414
64 600 378 91 621 411

The Foundation has three main revenue streams:
- Anchor revenue is generated from donations received for the Foundation as well as management fees from projects specifically and is used to cover
operating expenses.

- Fundraising revenue is due to the following:
- Table sales and funds received for pledges from fundraising events during 2016/17.

- Project revenue is generated from donations from various donors and is used to fund specific projects.
10. other income

Dividend received 650 000 -
650 000 -

Adopt-a-School Foundation received a dividend from their investment in Sandvik Mining on the 7th March 2017, this dividend was declared by Sandvik
Mining in their FY2015/2016. The breakdown of the dividend received is as follows:
Total dividend declared: Sandvik Mining 55 000 000 -
Dividend attributable to Adopt-a-School Foundation after administration fees 6 825 000 -
Dividend to redeem interest and preference share balance (Note 3) 6 142 500 -
10% dividend declared after admin costs 650 000 -

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