anrep0607 - Health Systems Trust
anrep0607 - Health Systems Trust
anrep0607 - Health Systems Trust
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TRUST FOR HEALTH SYSTEMS PLANNING AND DEVELOPMENT<br />
BALANCE SHEET<br />
for the year ended 30 June 2007<br />
Notes 2007 2006<br />
R<br />
R<br />
ASSETS<br />
Non-current assets<br />
Property, plant and equipment 7 3,827,722 923,452<br />
Current assets<br />
Receivables and prepayments 8 24,533,656 9,325,163<br />
Cash and cash equivalents 9 19,508,990 30,122,077<br />
44,042,646 39,447,240<br />
Total assets 47,870,368 40,370,692<br />
EQUITY<br />
<strong>Trust</strong> capital and funds<br />
<strong>Trust</strong> capital and accumulated surplus funds 30,211,238 27,063,706<br />
Total equity 30,211,238 27,063,706<br />
LIABILITIES<br />
Non-current liabilities<br />
Interest bearing borrowings 12 2,030,827 -<br />
Current liabilities<br />
Trade and other payables 10 15,579,897 13,306,986<br />
Current portion of interest bearing borrowings 12 48,406 -<br />
15,628,303 13,306,986<br />
Total liabilities 17,659,130 13,306,986<br />
Total equity and liabilities 47,870,368 40,370,692<br />
INCOME STATEMENT<br />
for the year ended 30 June 2007<br />
Notes 2007 2006<br />
R<br />
R<br />
Grant income 3 51,224,439 48,001,158<br />
Other income 412,696 2,727,471<br />
Project expenses (31,458,159) (25,973,450)<br />
Grants paid (9,284,082) (9,820,868)<br />
Administration expenses (9,378,285) (7,368,482)<br />
Surplus funds 2 1,516,609 7,565,829<br />
Finance costs 5 (158,605) (14,865)<br />
Finance income 5 1,789,528 1,036,345<br />
Surplus funds before income tax 3,147,532 8,587,309<br />
Income tax expense 6 - -<br />
Surplus funds for the year 3,147,532 8,587,309<br />
HEALTH SYSTEMS TRUST 44 ANNUAL REPORT 2006/07
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