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CSIR ANNUAL REPORT 2010/11
Notes to the Annual Financial Statements
for the year ended 31 March 2011
2REVENUE
GROUP
CSIR
2011 2010 2011 2010
R’000 % R’000 % R’000 % R’000 %
Parliamentary Grant 535 357 31 509 122 29 535 357 31 509 122 29
Parliamentary Grant received 550 305 32 510 951 30 550 305 32 510 951 30
Less:
Grant received for projects started
before year-end but not completed (57 365) (3) (42 417) (3) (57 365) (3) (42 417) (3)
Add:
Grant received in prior year for
projects completed in this year 42 417 2 40 588 2 42 417 2 40 588 2
Contract R&D income 1 187 201 69 1 176 895 70 1 175 094 69 1 159 795 71
Local private sector 185 781 11 148 802 9 193 362 11 151 339 9
Local public sector 820 705 48 848 846 50 820 705 49 848 846 52
International sector (including Africa) 180 715 10 179 247 11 161 027 9 159 610 10
Royalties 8 616 - 10 541 1 8 616 - 10 518 -
1 731 174 100 1 696 558 100 1 719 067 100 1 679 435 100
Contract R&D income is disclosed after taking into account the effect of the time value of money (the value of discounting)
in terms of SAICA’s Circular 9 of 2006: Transactions giving rise to adjustments to revenue/purchases. The value is
R7,969 million (2010: R13,324 million) and is included in fi nance income (note 4).
Included in public sector Contract R&D income is R64,97 million (2010: R99,58 million) ring-fenced allocation from the
Department of Science and Technology for specifi c initiatives managed through memorandums of agreement.
Included in Contract R&D income is rental income amouting to R24,45 million (2010: R25,84 million).
Estimates on Parliamentary Grant recognition are based on cost to completion, budgets and percentage of completion.
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