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Employers info – March 2015 AGM presentation 16 Sep ,004 (2014: 18,401) registered employers 5,885 (2014: 4,147) employers paying SDL levy - Total levies received R292,2 (2014: R269,9M) Applications received by 30 April 2014 (for 2015): WSP’s =1,693 (2014: 1,689 ) Total amount paid towards Mandatory Grants – R46,3M (2014: R54.9M) Payout is 72%
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AGM presentation 16 Sep 2015AGM presentation 16 Sep 2015 11
Audit Opinion
Auditor-General issued an Unqualified Audit Report
Financial Statements are not materially
misstated Opinion is not given on Performance
Information Material adjustments to commitments and NSF
projects were processed in the current year
AGM presentation 16 Sep 2015AGM presentation 16 Sep 2015 22
Employers info – March 2015
AGM presentation 16 Sep 2014AGM presentation 16 Sep 2014 33
20,004 (2014: 18,401) registered employers
5,885 (2014: 4,147) employers paying SDL levy - Total levies received R292,2 (2014: R269,9M)
Applications received by 30 April 2014 (for 2015):WSP’s =1,693 (2014: 1,689 )Total amount paid towards Mandatory Grants –
R46,3M (2014: R54.9M) Payout is 72%
Levy Growth
AGM presentation 16 Sep 2015AGM presentation 16 Sep 2015 44
Levies AnalysisYear Amount R’000 Percentage Growth
%2011 172
372 6.71%
2012 206 026
19.52%
2013 223 180 8.32%2014 269 932 20.95%2015 292 209 8.25%
AGM presentation 16 Sep 2015AGM presentation 16 Sep 2015 55
Project Grant Expenditure March 2015Total project spend: R141.9M (2014: R144.2M)
1.6% decrease Top 10 projects on based on commitments
balancesCommitments balance
66
Name R-Millions
Artisans – 18.2 (2014/15) R17.6MArtisans – 18.2 (2013/14) R11.3MWil KZN R9.6MInternships R9.4MBursaries 18.2 R9.4MArtisan – 18.1 (2013/14) R9.3MBursaries 18.1 R7.1MLS 18.2 R6.1MArtisan – 18.1 (2014/15) R6.8MArtisan – 18.2 (2015/16) R6.6M
Statement of Financial Performance March 2015
INCOME 2014/15R’000
2013/14R’000
% Moveme
ntLevies, penalties & interest 298,378 273,565 9.07%NSF & special projects income 14,958 24,702 39.45%Investment and other income 13,277 9,347 42.05%Total 326,613 307,614 6.18%
AGM presentation 16 Sep 2015AGM presentation 16 Sep 2015 77
Statement of Financial Performance March 2015
EXPENSES 2014/15
R’000
2013/14
R’000
% Move
Employer grant Discretionary FET Infrastructure Transfer to NSF
46,332141,922
085,016
54,936144,27
624,844
0
(15.68%)
(1.63%)(100%)
100%
Admin expenses and finance costs
36,367 31,534 15.33%
NSF & Special project expenses
14,958 24,702 (39.45%)
Total 324,595
255,449
27.07%
Net Surplus/(Deficit):
2,019 52,165 96.13%
88
Statement of Financial Position March 2015
ASSETS 2014/15R’000
2013/14R’000
% Move
Property Plant & Equipment 4,882 4,502 8.44%Intangible assetsReceivables
3925,955
517,710
680%46.56%
Cash and Bank 297,889 213,847 39.30%Total 328,765 236,064 39.27%
AGM presentation 16 Sep 2015AGM presentation 16 Sep 2015 99
Statement of Financial Position March 2015EQUITY & LIABILITIES 2014/15
R’0002013/1
4R’000
% Move
Grant and Other Reserves 170,603 168,584 1.20%Capitalisation reserve 3,107 3,107 0%Payable & Provisions 152,880 61,641 148.02%
Grants & Donor Funding 2,176 2,733 (20.38%)Total 328,766 236,06
539.27%
AGM presentation 16 Sep 2015AGM presentation 16 Sep 2015
Discretionary Reserve
AGM presentation 16 Sep 2015AGM presentation 16 Sep 2015
Year Discretionary Reserve
Contracted
2014/15 R169,38M R162.49M2013/14 R167,44M R133,26M% Movement
1.16% 21.93%
Allocation of Discretionary Allocation of Discretionary ReservesReserves
Conclusion
1212
Questions?
Conclusion
Thank You
1313
