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CSIR ANNUAL REPORT 2010/11
Notes to the Annual Financial Statements
for the year ended 31 March 2011
24
CASH AND CASH EQUIVALENTS
GROUP
CSIR
2011 2010 2011 2010
R’000 R’000 R’000 R’000
Fixed deposits 567 795 518 115 543 000 491 000
Call deposits 261 289 193 724 255 000 189 000
Bank balances 179 663 87 764 177 107 85 903
Cash on hand and cash deposits 656 379 648 375
1 009 403 799 982 975 755 766 278
25
RELATED PARTY TRANSACTIONS
The CSIR is one of 29 schedule 3B National Government Business Enterprises in terms of the Public Finance
Management Act, Act 1 of 1999 as amended by Act 29 of 1999, and therefore falls within the national sphere of
government. As a consequence, the CSIR has a signifi cant number of related parties, being entities that fall within the
national and provincial sphere of government. Amounts due from/(to) these entities are subject to the same terms and
conditions as normal trade receivables and trade payables.
In addition, the CSIR has a related party relationship with its subsidiaries (see Addendum A) and joint ventures and
associates (see note 8). Unless specifi cally disclosed, these transactions are concluded at arm’s length and the Group is
able to transact with any entity.
25.1 Transactions with related parties
The following is a summary of transactions with related parties during the year and balances due at year-end:
Constitutional institutions
Services rendered 10 - 10 -
Services received 93 335 93 335
Amount due to (2) - (2) -
Major public entities
Services rendered 233 232 216 163 233 232 216 163
Services received 25 570 6 759 25 570 6 759
Amount due from 10 112 16 778 10 112 16 778
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