Page 360 - Department of Social Development Annual Report 2021
P. 360
PART E: FINANCIAL INFORMATION
STATE PRESIDENT FUND
Statement of Financial Performance for the year ended
31 March 2021
Notes 2020/21 2019/20
R’000 R’000
REVENUE
Other income 2 1 698 2 906
TOTAL REVENUE 1 698 2 906
EXPENDITURE
Administrative expenses (SPR) 3 (1) (1)
Audit fees 4 (29) (28)
TOTAL EXPENDITURE (30) (29)
SURPLUS FROM OPERATIONS 1 668 2 877
Surplus for the year 1 668 2 877
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 6 45 286 43 618
TOTAL ASSETS 45 286 43 618
LIABILITIES
Non-current liabilities - -
Current Liabilities - -
TOTAL LIABILITIES - -
NET ASSETS
Accumulated surplus 45 286 43 618
TOTAL NET ASSETS 45 286 43 618
DEPARTMENT OF SOCIAL DEVELOPMENT ANNUAL REPORT 2020/21 360
