Annual Report 2007/2008 - Umalusi
Annual Report 2007/2008 - Umalusi
Annual Report 2007/2008 - Umalusi
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<strong>Annual</strong> <strong>Report</strong><strong>2007</strong>/<strong>2008</strong>ContentsChairperson’s <strong>Report</strong> 3<strong>Report</strong> of the Chief Executive Officer 5Corporate Governance <strong>Report</strong> 9<strong>Report</strong> on Operations 12<strong>Report</strong> of the Audit Committee 29<strong>Annual</strong> Financial Statements 30<strong>Report</strong> of the Independent Auditors 31<strong>Report</strong> of the Council 32Statement of Financial Position 34Statement of Financial Performance 34Statement of Changes in Net Assets 35Cash Flow Statement 35Accounting Policies 36Notes to the <strong>Annual</strong> Financial Statements 40Detailed Statement of Financial Performance 45Human Resources Management and Development 47List of Acronyms 59Staff <strong>2007</strong>/<strong>2008</strong> 601 U M A L U S I A N N U A L R E P O R T 2 0 0 7 / 0 8