New cover and spine.indd - Special Investigating Unit
New cover and spine.indd - Special Investigating Unit
New cover and spine.indd - Special Investigating Unit
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4. TRADE AND OTHER PAYABLES<br />
42<br />
for the year ended 31 March 2005<br />
ANNUAL REPORT 2004/05<br />
2004/05<br />
R<br />
2003/04<br />
Accrual for leave pay 1 232 983 1 098 028<br />
Staff expenses – deductions 1 103 498 717 693<br />
Accrual for audit fees - 195 427<br />
Other payables 1 303 952 747 805<br />
5. PROVISION FOR CLAIM FROM THIRD PARTY<br />
R<br />
3 640 433 2 758 953<br />
Third Party claim 569 803 -<br />
This amount represents the SIU’s half share of legal costs in respect of litigation that was<br />
instituted against the <strong>Unit</strong> <strong>and</strong> various other parties. The <strong>Unit</strong> accepted liability for half<br />
of the costs incurred by the defendants. This amount was paid shortly after the fi nancial<br />
year end.<br />
6. COMMITMENTS<br />
Rental commitment in respect of properties <strong>and</strong> equipment. 3 995 792 3 385 125<br />
Payable within one year 3 431 121 2 083 615<br />
Payable thereafter 564 671 1 301 510<br />
The above commitments are in respect of 32 rental agreements for periods ranging from<br />
12 to 60 months. The average monthly rental is R274 555.<br />
7. TAXATION<br />
The <strong>Unit</strong> is not a registered vendor for VAT purposes as no taxable supplies are delivered.<br />
No provision for normal income tax is made as the <strong>Unit</strong> is a public enterprise <strong>and</strong> funded<br />
with government grants.<br />
NOTES TO THE<br />
ANNUAL FINANCIAL STATEMENTS
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