Page 348 - Department of Social Development Annual Report 2021
P. 348

PART E: FINANCIAL INFORMATION

             SOCIAL RELIEF FUND STATEMENT OF FINANCIAL PERFORMANCE
            SOCIAL RELIEF FUND
             FOR THE YEAR ENDED 31 MARCH 2021
            Statement of Changes in Net assets as at
            31 March 2021

                                                                                               Accumulated
                                                                                                      funds


              Balance as at 31 March 2019                                                                                                                 39 000
              Surplus for the year
                                                                                                      2 751
                                                                                                     41 751
              Balance as at 31 March 2020
                                                                                                      1 598
              Surplus for the year
              Balance as at 31 March 2021
                                                                                                     43 349


             Cash Flow Statement for the year ended
             31 March 2021.

                                                                 Notes           2020/21           2019/20
                                                                                    R’000             R’000

              CASH FLOWS FROM OPERATING ACTIVITIES

              Cash paid to suppliers and employees                 9                  (27)              (31)
              Cash generated from/ (utilized in)

              Operations                                                              (27)              (31)


              Interest received                                    2                1 625             2 782
              Net cash inflow / (outflow) from
              operating activities                                10                1 598             2 751


              CASH FLOW FROM INVESTING ACTIVITIES



                                                                                        -                 -
              Net cash flow from investing activities                                    -                 -


              CASH FLOW FROM FINANCING ACTIVITIES


              Provision for Future expense                                              -                 -
              Net cash flow from financing activities


              Net inflow/outflow in cash and cash equivalents                         1,598             2 751
              Cash and cash equivalent at beginning of the year                    41 760            39 009
              Cash and cash equivalent at end of the Year          6               43 358            41 760











                                                           348         DEPARTMENT OF SOCIAL DEVELOPMENT  ANNUAL REPORT 2020/21
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