Annual Report 2004/05 - Special Investigating Unit

SPECIAL INVESTIGATING UNIT
ACCOUNTING POLICIES
Recognition and measurement of achievements for the year ended 31 March 2005
Measurement (continued)
Prevention of loss - total projected savings
The net present value of projected future savings is calculated by using actual savings in the first year after intervention by the Unit, increased
at the real interest rate (interest less the inflation rate) over a period of 10-years. A rate of 4% was used for the year under review.
Schedule B - Analysis of Cash Recoveries
Recognition
Cas
Measurement
Cash recoveries are presented as follows:
Amounts to be collected
- Balances brought forward: this represents monies owing in terms of AOD’s signed in prior years, payable directly to the Unit.
- AOD’s in favour of the Unit: this represents monies payable directly to the Unit as a result of AOD’s being signed during the current year.
- Balances carried forward: total value of AOD’s signed in favour of the Unit as at 31 March 2005.
Cummulative amount of cash recovered
- Total at 1 April 2004: this represents total accumulated cash recovered by the Unit in terms of AOD’s at the beginning of the year.
- Current year: cash recovered during the current year.
- Total at 31 March 2005: this represents total accumulated cash recovered by the Unit in terms of AOD’s at the end of the year.
Trust Bank accounts
- Balances brought forward: total funds held by the Unit at the beginning of the year.
- Amounts received: cash recovered during the current year.
- Amounts paid over: monies paid over to third parties during the year.
- Balances carried forward: total funds held by the Unit at year end.
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