Department of Defence Annual Report 2008-2009

| Department of Defence | Vote 19 |
SOUTH AFRICAN NATIONAL DEFENCE FORCE FUND
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2009 (continued)
7 Prot for the year
2008/2009 2007/2008
R
R
Prot for the year includes expenditure for:
Audit fees 14 387 10 204
Furniture and equipment written off 3 -
8 Cash ow from operating activities
Prot for the year 1 062 783 835 321
Adjusted for:
Interest received (1 085 771) (850 795)
Non- current assets 3
Increase in payables 2 581 220
9 Financial instruments
Interest Rate Risk
(20 404) (15 254)
The Fund’s exposure to interest rate risk and the effective interest rates on nancial instruments at balance sheet date are as
follows:
2008/2009 2007/2008
Floating Rate
Floating Rate
% %
| Financial Performance |
Assets
Investment 11.4 9.8
SA National Defence Force Fund 10.1 3.1
SA National Defence Force Welfare Fund 5.5 5.2
Other risk:
Due to the nature and extent of the Fund’s nancial instruments, the Fund is not unduly exposed to price risk, cash ow risks
and liquidity risks.
397 Annual Report FY 2008 - 2009