Annual Report 2008/2009 - Umalusi

Detailed Statement of Financial Performance
For the year ended 31 March 2009
Note
Revenue 27,019,914) 21,682,498)
Certification fees 22,945,515) 16,390,172)
Accreditation fees 1,126,359) 1,852,102)
Verification fees 2,948,040) 3,440,224)
Other income 19,414,454) 14,331,068)
Grant: Department of Education 16,044,000) 12,652,000)
Sundry revenue 339,573) 86,731)
Interest received 2,811,885) 1,586,972)
Gain on disposal of assets 12,325) 5,365)
Recovery of impairments 206,671) -)
Operating expenses (41,378,379) (30,887,357)
Advertising (583,591) (189,552)
Audit committee expenses (14,504) (5,357)
Auditors remuneration (322,111) (302,100)
Bank charges (36,807) (34,525)
Certification expenses (3,073,709) (1,651,516)
Cleaning (125,382) (121,628)
Computer expenses (1,690,415) (847,169)
Conference and workshop (213,552) (449,018)
Consulting fees (856,299) (1,147,037)
Council members’ remuneration (222,549) (149,952)
Depreciation and amortisation (1,230,423) (799,415)
Impairment of trade and other receivables (59,233) (284,492)
Electricity (166,144) (118,569)
Employee costs (19,281,620) (14,473,009)
General expense (135,239) (27,700)
Insurance (167,388) (61,006)
Lease rental on operating lease (62,610) (284,968)
Legal expenses (67,150) (44,640)
Levies (121,089) (58,544)
Meeting expenses (365,355) (275,321)
Membership fees (8,535) (12,557)
Moderator and verifier costs (5,111,316) (4,303,909)
Postage and courier (51,248) (189,474)
Printing and stationery (894,677) (637,158)
Promotions (391,352) (339,526)
Repairs and maintenance (507,849) (134,692)
Research and development costs (155,551) (52,622)
Security (51,697) (5,263)
Staff welfare and refreshments (133,026) (80,574)
Standardisation - (8,062)
Telephone and fax (331,666) (243,406)
Training (335,914) (239,040)
Travel and accommodation – local (4,548,589) (3,205,478)
Travel and accommodation – overseas (61,789) (110,078)
Surplus for the year 5,055,989) 5,126,209)
2009)
R)
2008)
R)
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