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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 16 778 162
25 RELATED PARTY TRANSACTIONS (continued) 25.1 Transactions with related parties (continued) National public entities GROUP CSIR 2011 2010 2011 2010 R’000 R’000 R’000 R’000 Services rendered 70 720 61 292 70 720 61 292 Services received 8 334 2 297 8 334 2 297 Amount due from 15 268 7 163 15 268 7 163 National government business enterprises Services rendered 2 722 2 302 2 722 2 302 Services received 4 789 3 101 4 789 3 101 Amount due from/(to) 805 (2 478) 805 (2 478) Provincial public entities Services rendered 377 1 421 377 1 421 Amount due from - 309 - 309 Provincial government business enterprises Services rendered 3 278 2 460 3 278 2 460 Services received 175 10 175 10 Amount due from 421 331 421 331 Government departments Services rendered 968 636 924 890 968 636 924 890 Services received 43 251 5 801 43 251 5 801 Amount due from 42 622 84 192 42 622 84 192 163 ANNUAL FINANCIAL STATEMENTS
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ANNUAL REPORT 2010/11
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5AUDIT REPORT 106 Report of the Aud
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contribution to the pursuit of scie
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engagement with all its stakeholder
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focuses on establishing new develop
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Nanotechnology, specifi cally nanos
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Infrastructure and associated opera
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uilt environment Getting to grips I
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uilt environment The Port of Doha,
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uilt environment Locally, the South
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The changing security environment p
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defence & security placed close tog
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defence & security recalled per tar
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defence & security communication an
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The demand for energy in South Afri
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energy required by the heliostat to
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For many South Africans, limited ac
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health group has hosted and trained
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health these devices now enables re
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The importance of manufacturing in
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industry advanced manufacturing can
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industry advanced manufacturing CSI
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industry advanced manufacturing tra
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industry advanced manufacturing tec
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industry advanced manufacturing One
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With its 495 000 workers and R162 b
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industry mining elimination of sili
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The natural environment is both an
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natural environment • South Afric
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natural environment is strongly rec
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natural environment Oceanography; B
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The CSIR’s work in information an
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ict The research has been documente
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ict The VOs are encouraged through
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ict allow engineers to make adjustm
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ict development and implementation
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Currently, marine research vessels
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ict their long-term athlete develop
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Publication equivalents allocated t
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Archibald S, Scholes RJ, Roy DP, Ro
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De Lange WJ, Wise RM, Forsyth GG, N
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Kumar R, Yakubu MK, Anandjiwala RD.
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405(12), p.2659-2663. Mishra SB, Mi
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Phasha MJ, Ngoepe PE, Chauke HR, Pe
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Van den Bergh F, Engelbrecht AP. 20
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J John MJ, Thomas S. 2010. Cellulos
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Wright C. 2010. Children’s sight
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CORPORATE GOVERNANCE 93
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are fairly presented in conformity
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CSIR. All subsidiary companies are
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CSIR Board Members (1 April 2010 -
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CSIR leadership team The CSIR manag
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Meetings 7 October 2010 24 March 20
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Report of the Audit and Risk Commit
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the fi nancial position of the Coun
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Role in the National System of Inno
Page 113 and 114: to accessing each other’s researc
Page 115 and 116: Table 2: Building and transforming
Page 117 and 118: The CSIR achieved outstanding perfo
Page 119 and 120: Significant progress was made in 20
Page 121 and 122: B Five-year review of income and ex
Page 123 and 124: 121 EXECUTIVE REPORT
Page 125 and 126: ANNUAL FINANCIAL STATEMENTS 123
Page 127 and 128: Statements of financial position as
Page 129 and 130: Statements of cash flows for the ye
Page 131 and 132: 1 PRINCIPAL ACCOUNTING POLICIES (co
Page 133 and 134: 1PRINCIPAL ACCOUNTING POLICIES (con
Page 141 and 142: 3OPERATING PROFIT GROUP The net ope
Page 143 and 144: 6PROPERTY, PLANT AND EQUIPMENT 2011
Page 145 and 146: 6PROPERTY, PLANT AND EQUIPMENT (con
Page 147 and 148: 8INTEREST IN JOINT VENTURES AND ASS
Page 149 and 150: 13 DEFERRED TAx ASSET GROUP Balance
Page 151 and 152: 18 RETIREMENT BENEFITS OF EMPLOYEES
Page 153 and 154: 19 REMUNERATION OF BOARD MEMBERS, D
Page 155 and 156: 20 CONTINGENT LIABILITIES AND FACIL
Page 157 and 158: 22 FINANCIAL INSTRUMENTS (continued
Page 163: 23 RECONCILIATION OF OPERATING PROF
Page 167 and 168: 26 SUBSEQUENT EVENTS 26.1 Satellite
Page 169 and 170: Interests of the CSIR Net indebtnes
Page 171 and 172: 169 2010 FIFA SOCCER WORLD CUP
Page 173 and 174: ACCESS Applied Centre for Climate a
Page 175 and 176: Printed on Hi-Q Titan Plus environm
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