Entire Document - Chris Hani District Municipality

14. CREDITORS2012 2011RRCHRIS HANI DISTRICT MUNICIPALITY ANNUAL REPORT 2011 / 2012Trade Creditors 7 032 652 72 900 321Payments received in Advance 377 337 141 892Retentions 6 446 629 6 094 704Staff Bonuses 2 494 635 2 247 439Staff Leave Accrued 5 406 939 4 610 304Sundry Deposits 8 335 8 335Other Creditors 7 804 654 28 999 938Total Creditors 29 571 181 115 002 934The opening balances for Creditors have been restated to correctly disclose thecreditors payable by the municipality for WCA. Refer to Note 38.2 on “Correction ofError” for details of the restatement.Furthermore, the opening balances for Creditors have been restated to correctlydisclose the creditors payable by the municipality for deficits by the Local Municipalities.Refer to Note 38.2 on “Correction of Error” for details of the restatement.Furthermore, the opening balances for Creditors have been restated to correctlydisclose the creditors payable by the municipality, previously erroneously accruedfor. Refer to Note 38.2 on “Correction of Error” for details of the restatement.The prior year amounts for Creditors have been restated to correctly disclose creditorspayable by the municipality in terms of Reconciliations performed of the transactionsfrom Local Municipalities. Refer to Note 38.2 on “Correction of Error” for details ofthe restatement.Furthermore, the prior year amounts for Creditors have been restated to correctlydisclose the creditors payable by the municipality, previously not accrued for. Referto Note 38.2 on “Correction of Error” for details of the restatement.Furthermore, the prior year amounts for Creditors have been restated to correctlydisclose the creditors payable by the municipality, previously erroneously accrueingfor donations receivable. Refer to Note 38.2 on “Correction of Error” for details of therestatement.Staff Leave accrue to the staff of the municipality on an annual basis, subject tocertain conditions. The provision is an estimate of the amount due at the reportingdate.132