Page 20 - CAO Annual Report 2024/2025

CENTRAL APPLICATIONS OFFICE
CENTRAL APPLICATIONS OFFICE NPC (RF) REGISTRATION NUMBER: 2007/002819/08
NOTES TO THE ANNUAL FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025 (Continued)
7. OPERATING PROFIT
2025 2024 RR
Operating surplus for the year is arrived at after crediting: -
Profit on disposal of asset
1 637 670 6 156
Operating surplus for the year is arrived at after debiting: -
Audit fees
89 760 81 600
Depreciation and amortisation
18 276 634 14 536 880
Employee costs
21 403 367 19 703 369
8. INTEREST RECEIVED
Interest received from banking Institutions
3 982 244 3 745 373
9. TAXATION
No taxation has been provided as the CAO has obtained exemption under section 10(1)(cN) and 18A of the Income Tax Act.
10. RELATED PARTY INFORMATION
10.1. Identity of Related Parties
The following Directors are related parties to the Company:
Dr. G Chetty
Mr. GB van der Ross
Dr. JS Chalufu
Mr. S Naidoo
Mr. D Wilkinson
Mr. BS Banda
Mr. ZP Gumede
Dr. NPJ Nombela-Mseleku
Prof. RS Robinson
Mr. Z Gqamane
ANNUAL REPORT 2024/2025 | 18