anrep0607 - Health Systems Trust
anrep0607 - Health Systems Trust
anrep0607 - Health Systems Trust
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4. Staff costs<br />
2007 2006<br />
R<br />
R<br />
Salaries and wages 24,513,095 19,448,154<br />
Average number of employees 112 121<br />
5. Finance income/(costs)<br />
5.1. Interest received<br />
Bank 1,789,528 1,036,345<br />
5.2. Interest paid<br />
Bank 158,605 14,865<br />
6. Tax<br />
No provision for taxation has been made as the trust has been approved as a public benefit organisation in terms<br />
of Section 30 and is exempt from income tax in terms of Section 10(1)(cN) of the South African Income Tax Act.<br />
7. Property, plant and equipment<br />
Year ended 30 June 2007<br />
Land and Motor Computer Computer Furniture Total<br />
buildings Vehicles Equipment Software & Fittings<br />
R R R R R R<br />
Opening net carrying amount - 2,426 747,868 41,074 132,084 923,452<br />
Additions/improvements 2,758,031 - 444,326 59,073 25,403 3,286,833<br />
Disposals - - (7,109) - - (7,109)<br />
Depreciation charge (refer note 2) - (2,417) (258,292) (70,998) (43,747) (375,454)<br />
Closing net carrying amount 2,758,031 9 926,793 29,149 113,740 3,827,722<br />
As at 30 June 2007<br />
Cost 2,758,031 423,063 2,544,521 254,153 568,291 6,548,059<br />
Accumulated depreciation - (423,054) (1,617,728) (225,004) (454,551) (2,720,337)<br />
Closing net carrying amount 2,758,031 9 926,793 29,149 113,740 3,827,722<br />
Year ended 30 June 2006<br />
Opening net carrying amount - 101,803 398,477 65,823 141,135 707,238<br />
Additions/improvements - - 643,391 - 30,658 674,049<br />
Disposals - - (15) - - (15)<br />
Depreciation charge (refer note 2) - (99,377) (293,985) (24,749) (39,709) (457,820)<br />
Closing net carrying amount - 2,426 747,868 41,074 132,084 923,452<br />
As at 30 June 2006<br />
Cost - 423,063 2,364,227 195,080 542,888 3,525,258<br />
Accumulated depreciation - (420,637) (1,616,359) (154,006) (410,804) (2,601,806)<br />
Closing net carrying amount - 2,426 747,868 41,074 132,084 923,452<br />
Depreciation expense of R375,454 (2006: R457,820) has been charged in project expenses. Land and buildings<br />
comprise the property described as ERF 26726 Observatory, Cape Town. The property is held as security over the<br />
mortgage bond. (refer note 12)<br />
8. Receivables and prepayments<br />
2007 2006<br />
R<br />
R<br />
Receivables 23,849,928 8,670,925<br />
Provision for doubtful debts - (523,381)<br />
Receivables - net 23,849,928 8,147,544<br />
Receiver of Revenue - Value added Tax 492,479 749,599<br />
PAYE - 27,390<br />
Deposits 191,249 400,630<br />
24,533,656 9,325,163<br />
9. Cash and cash equivalents<br />
Current accounts 3,351,579 3,679,762<br />
Call accounts 16,154,411 26,441,030<br />
Cash on hand 3,000 1,285<br />
19,508,990 30,122,077<br />
HEALTH SYSTEMS TRUST 51 ANNUAL REPORT 2006/07
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