Page 95 - CON Boardpack July 20200708 Final_Neat

SA Pork Producers Organisation
Financial Statements for the year ended 31 December 2019

Detailed Income Statement
2019 2018
Note(s) R R

Revenue

Levy income 37 283 046 33 561 962

Other income
Dividends received 11 21 440 16 767

Donation received for building - 200 000

Fair value adjustments 12 220 916 -

Interest received 11 517 798 807 235
Profit on sale of assets 9 422 879 126

Transfers Eastern Cape Pork Producers Organisation 57 620 34 012
827 196 1 937 140

Operating expenses

Administration and collection fees (1 699 991) (1 489 974)
Business development sector (8 540 623) (6 388 558)

Business intelligence (5 737 372) (3 663 276)
Consumer assurance (7 069 837) (3 712 929)

Consumer communication and education (9 305 370) (14 529 140)

Corporate governance (2 756 884) (4 052 018)
Depreciation, amortisation and impairments 10 (975 130) (402 556)

Research and development costs (1 205 644) (732 635)
(37 290 851) (34 971 086)
Operating profit 10 819 391 528 016

Fair value adjustments 12 - (88 637)

Profit for the year 819 391 439 379

The supplementary information presented does not form part of the financial statements and is unaudited
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