Page 322 - Department of Social Development Annual Report 2021

PART E: FINANCIAL INFORMATION

DISASTER RELIEF FUND

Disaster Relief Fund Statement of Financial Performance for the year ended
31 March 2021

Notes 2020/21 2019/20
R’000 R’000

REVENUE
Revenue – non-exchange 2 1 182 6 603
TOTAL REVENUE 1 182 6 603

EXPENDITURE
Administrative expenses (SPR) 3 (14) (3)
Audit fees (SPR) 4 (35) (32)
Other operating expenses (SPR) 5 (72 019) (1 522)
TOTAL EXPENDITURE (72 068) (1 557)

SURPLUS / (Deficit) FROM OPERATIONS (70 886) 5 047

Surplus / (Deficit) for the year (70 886) 5 047

Statement of Financial Position as at
31 March 2021

Notes 2020/21 2019/20
R’000 R’000

ASSETS
Non-current assets
Current assets
Cash and cash equivalents (SPO) 10 31 473 99 992
Account receivables from Provinces 118 118
Advances to implementing agents 5 -
TOTAL ASSETS 31 596 100 110

LIABILITIES

Non-current liabilities
Current Liabilities
Unallocated receipts 396 -
Civil claim and legal cost 1 976 -
NET LIABILITIES 2 372 -
NET ASSETS AND LIABILITES 29 224 100 110

CAPITAL AND RESERVES
Accumulated surplus 29 224 100 110
TOTAL NET ASSETS 29 224 100 110
TOTAL NET ASSETS AND LIABILITIES 29 224 100 110

322 DEPARTMENT OF SOCIAL DEVELOPMENT ANNUAL REPORT 2020/21