Department of Defence Annual Report 2008-2009

| Department of Defence | Vote 19 |
NOTES TO THE ANNUAL FINANCIAL STATEMENTS
for the year ended 31 March 2009 (continued)
13. Loans
Note 2008/09
R’000
2007/08
R’000
Public Corporations 12 362 12,362
Total 12 362 12 362
Analysis of Balance
Opening Balance 12 362 12 362
Closing Balance 12 362 12 362
Current portion of loans 12 362 12 362
| Financial Performance |
14. Investments
Non-Current
This represents a loan to the South African
Forces Institute (SAFI) for the purpose of nance
bridging. This loan is unsecured. The interest
rate is xed at 0% per annum and was payable by
March 2007.
Shares and other equity
Armscor 75 000 75 000
Total 75 000 75 000
15. Voted funds to be surrendered to the Revenue Fund
Opening balance 268 178 85 814
Transfer from Statement of Financial Performance 97 741 1 111 672
Add: Unauthorised expenditure for current year 9 - 55
Voted funds not requested/not received 20 - ( 843 549)
Paid during the year (268 178) (85 814)
Closing balance 97 741 268 178
16. Departmental revenue to be surrendered to the Revenue Fund
Opening balance 105 724 37 919
Transfer from Statement of Financial Performance 629 390 551 855
Paid during the year (727 160) (484 050)
Closing balance 7 954 105 724
Annual Report FY 2008 - 2009 310