housing - National Housing Finance Corporation

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NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2006 CONTINUED 29. SEGMENTAL INFORMATION (continued) Geographical segmental analysis of income statement Other provinces Gauteng Mpumalanga KwaZulu- Natal Eastern Cape Western Cape Total 2006 R’000 Total 2005 R’000 Revenue – 2006 Lending income 2 881 11 266 15 289 9 334 6 833 (411) 60 118 Investment income 95 812 Revenue – 2005 Lending income 1 692 11 036 33 964 6 534 6 587 4 370 — 69 620 Investment income — 111 465 155 930 181 085 Finance costs — (15 279) Net interest income 155 930 165 806 Provision for doubtful debts 1 092 (28 353) Net income 157 022 137 453 Non-interest and other income 13 414 20 045 Operating income 170 436 157 498 Operating costs (62 143) (64 079) Profit before taxation 108 293 93 419 Taxation (31 392) (28 341) Profit for the year 76 901 65 078 64 NHFC ANNUAL REPORT 2006
NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2006 CONTINUED 29. SEGMENTAL INFORMATION (continued) Geographical segmental analysis of the balance sheet Other provinces Gauteng Mpumalanga KwaZulu- Natal Eastern Cape Western Cape Total 2006 R’000 Total 2005 R’000 Advances – 2006 15 249 106 398 432 256 57 185 85 986 58 630 755 702 Advances – 2005 17 991 99 895 374 416 88 913 66 891 37 706 685 812 Debentures Cape Town Community Housing Company (Proprietary) Limited – 2006 3 197 3 197 — Debentures Cape Town Community Housing Company (Proprietary) Limited – 2005 2 654 — 2 654 Preference shares investments – 2006 2 500 4 500 7 000 — Preference shares investments – 2005 2 500 4 500 — 7 000 Property, plant and equipment – 2006 1 224 1 224 — Property, plant and equipment – 2005 2 119 — 2 119 Accounts receivable – 2006 11 185 11 185 — Accounts receivable – 2005 5 538 — 5 538 Investment: property held for sale – 2006 21 654 21 654 — Investments held for trading – 2006 245 757 245 757 — Investments held for trading – 2005 243 175 — 243 175 Money market investments – 2006 1 379 642 1 379 642 — Money market investments – 2005 1 389 672 — 1 389 672 Bank balances and cash – 2006 11 101 11 101 — Bank balances and cash – 2005 3 649 — 3 649 Taxation – 2006 43 012 43 012 — Taxation – 2005 69 144 — 69 144 2 479 474 2 408 763 NHFC ANNUAL REPORT 2006 65
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A N N U A L R E P O R T 2 0 0 6 u O
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A TRIBUTE TO OUR CHAIRMAN IN MEMORY
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KEY FINANCIAL FEATURES 2006 % 2005
Page 8 and 9:
HIGHLIGHTS NHFC - TEN YEARS ON NHFC
Page 10 and 11:
BOARD OF DIRECTORS Mr Tim Middleton
Page 12 and 13:
“EVERY TIME YOU ARE TEMPTED TO RE
Page 14 and 15:
CHIEF EXECUTIVE’S REPORT CONTINUE
Page 16 and 17:
CHIEF EXECUTIVE’S REPORT CONTINUE
Page 18 and 19: CORPORATE GOVERNANCE INTRODUCTION C
Page 20 and 21: CORPORATE GOVERNANCE CONTINUED Boar
Page 22 and 23: CORPORATE GOVERNANCE CONTINUED MCC
Page 24 and 25: CORPORATE GOVERNANCE CONTINUED inte
Page 26 and 27: ANNUAL FINANCIAL STATEMENTS FOR THE
Page 28 and 29: REPORT OF THE INDEPENDENT AUDITORS
Page 30 and 31: REPORT OF THE DIRECTORS The Directo
Page 32 and 33: BALANCE SHEETS AS AT 31 MARCH 2006
Page 34 and 35: STATEMENT OF CHANGES IN EQUITY FOR
Page 36 and 37: GROUP ACCOUNTING POLICIES 1. CORPOR
Page 38 and 39: GROUP ACCOUNTING POLICIES CONTINUED
Page 44 and 45: NOTES TO THE ANNUAL FINANCIAL STATE
Page 72: ADMINISTRATION REGISTRATION NUMBER
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