Page 361 - Department of Social Development Annual Report 2021

PART E: FINANCIAL INFORMATION

STATE PRESIDENT FUND

Statement of Changes in Net assets as at
31 March 2021

Accumulated funds
R’000

Balance as at 31 March 2019 40 741
2 877
Surplus for the year
Balance as at 31 March 2020 43 618
Surplus for the year 1 668
Balance as at 31 March 2021 45 286

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 7 (30) (29)

Cash utilized in operations (30) (29)

Interest received 2 1 698 2 906

Net cash inflow from operating activities 1 668 2 877

CASH FLOW FROM INVESTING ACTIVITIES

Net cash flows from investing activities - -

CASH FLOW FROM FINANCING ACTIVITIES

Net cash from financial activities - -

Net increase in cash and cash equivalents 1 68 2 877

Cash and cash equivalent at beginning of the year 43 618 40 741

Cash and cash equivalent at end of the year 6 45 286 43 618

361 DEPARTMENT OF SOCIAL DEVELOPMENT ANNUAL REPORT 2020/21