AGM presentation 18 Sep 2013AGM presentation 18 Sep 2013 11

Audit Opinion

Auditor-General issued an Unqualified Audit Report

Financial Statements are not materially

misstated Opinion is not given on Performance Information Improvement from last year as there was a

material adjustment with regards to commitments

AGM presentation 18 Sep 2013AGM presentation 18 Sep 201322

Employers info – March 2013R18,355 (2012:18,108) registered employers

5,068 (2012: 4,818) employers paying SDL levy - Total levies received R223,1M (2012:R206,1M)

Applications received by 30 June 2012 (for 2013):WSP’s =1,835 (2012: 1,755)Total amount paid towards Mandatory Grants –

R99.9M (2012: R87.9M)–Payout is 72%

AGM presentation 18 Sep 2013AGM presentation 18 Sep 2013 33

Levy Growth

AGM presentation 15 Sep 2010AGM presentation 15 Sep 2010 44

Levies AnalysisYear Amount R’000 Percentage Growth

%

2009 142 607

8.41%

2010 161 524

13.26%

2011 172 372

6.71%

2012 206 026

19.52%

2013 223 180 8.32%

AGM presentation 15 Sep 2010AGM presentation 15 Sep 2010 55

Project Grant Expenditure March 2013Total project spend: R104.0M (2012:R89.8M) 16%

increase Top 10 projects on spending 71% of total

Project Expenditure

66

Name R-Millions

P4 Learnerships 18.2 R14.9M

P.7 Learnerships 18.1 R11.0M

P4 Interns R10.5M

P7 Commodity Organizations R7.5M

NSFAS R7.3M

P12 CEO/TLS R6.0M

P4 Bursaries R4.5M

P4&P7 Skills Delivery Administration R4.4M

P7 Skills Programmes 18.1 R4.2M

4,1 Workers Programmes R3.7M

Statement of Financial Performance March 2013INCOME 2012/13

R’0002011/12

R’000%

Movement

Levies, penalties & interest 225,542 207,896 8.48%

NSF & special projects income 15,474 2,517 500.15%

Investment and other income 8,480 8,672 (2.21%)

Total249,496

219,085 13.88%

AGM presentation 18 Sep 2013AGM presentation 18 Sep 2013 77

Statement of Financial Performance March 2013

EXPENSES 2012/13 R’000

2011/12 R’000

% Move

Employer grant Discretionary >Paid Movement in Accrual

99,892

101,4172,598

87,904

88,8521,046

13.64%

14.14%148.37%

Admin expenses 28,024 24,817 12.92%

NSF & Special project expenses

15,474

2,517 500.15%

Total 247,415 205,136 20.61%

Net Surplus/(Deficit): 2,081 13,949 (85.05%)

88

Statement of Financial Position March 2013

ASSETS 2012/13R’000

2011/12R’000

% Move

Property Plant & Equipment 4,627 4,608 0.40%

Intangible assetsReceivables

1610,780

463,498

(65%)200.08%

Cash and Bank 173,437 175,738 (1.30%)

Total 188,860 183,890 2.70%

AGM presentation 18 Sep 2013AGM presentation 18 Sep 2013 99

Statement of Financial Position March 2013EQUITY & LIABILITIES 2012/13

R’0002011/

12R’000

% Move

Grant and Other Reserves 116,419114,33

9 1.81%

Capitalisation reserve 3,107 3,107 0%

Payable & Provisions 67,572 65,934 2.48%

Grants & Donor Funding 1,762 510 245.49%

Total 188,860 183,890

2.70%

AGM presentation 18 Sep 2013AGM presentation 18 Sep 2013

Discretionary Reserve

AGM presentation 18 Sep 2013AGM presentation 18 Sep 2013

Year Discretionary Reserve

Approved By Board

Contracted

2012/13 R115,15M R108,18M R77,20M

2011/12 R113.09M R 101.24M R 57.65M

% Movement

1.82% 6.41% 33.91

Allocation of Discretionary Allocation of Discretionary ReservesReserves

Cash Flow Statement –Summary March 2013

1212

Cash Flow Statement 2012/13R’000

2011/12R’000

Net Cash Outflow from operating Activities (2,063) 28,799

(107.16%)

Cash Outflow from Investing Activities (169) (519) (67.43%)

Net Decrease in Cash and Cash Equivalents (2,301) 28,280

(108.14%)

Opening Cash Balance 175,738 147,458 19.18%

Total 173,437 175,738 (1.30%)

Conclusion

1313

Questions?

Conclusion

Thank You

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