2005/2006 - SANParks

ANNUAL FINANCIAL STATEMENTSfor the year ended 31 March 20062006South African National ParksBasicBonuses FreeAllowancesResumerationand Accommo-TotalIncentives dationR’000 R’000 R’000 R’000 R’000Mabunda, MD Dr Chief Executive 1,020 246 463 1,728Soundy, SCE Chief Operating Offi cer 809 220 282 2 1,313Daphne, P Executive Director: Parks 666 208 330 - 1,204Magome, DT Dr Executive Director: Conservation661 210 262 - 1,133ServicesMkhize, I DrExecutive Director: Kruger National744 165 300 - 1,209ParkPhillips, G Executive Director: Tourism 619 212 256 - 1,087Soma, AK Chief Financial Offi cer (Resigned 31- - 233 - 233January 2005)Mkhumane, NS Ms Chief Financial Offi cer (Appointed675 211 - - 8861 April 2005)Wagiet, R DrExecutive Director: People and661 225 324 - 1,210ConservationVan Der Spuy, P Ms Executive Manager: CE’s offi ce 650 216 365 - 1,231Chabani, J Head: Human Resources 669 226 328 - 1,223Mkutshulwa, W Ms Head: Corporate Communications 552 214 275 2 1,0427,725 2,353 3,417 4 13,499Note: The remuneration disclosed above excludes the cost of providing for post-retirement health benefi ts. The bonuses paid relate to previous fi nancial year.No loans, outside the policy applied when loans are grantedto staff, have been made to key personnel. Dr Mabunda, DrMagome and Ms van der Spuy qualify for post retirement healthbenefi ts and the liability as at 31 March 2006 has been includedin the total liability of South African National Parks (Note 16).27 Capital commitmentsCommitments for the acquisition of property, plant and equipmentcontracted for, but not provided in the fi nancial statements amountto R26,167 million. Included in this amount is the contractualobligation for two helicopters at Euro 2,7 million (refer Note 15for trade in details).28 Contingent liabilities28.1 Legal disputesSouth African National Parks is currently involved in legal disputesrelating to operational matters. No signifi cant losses are expectedto arise as a result thereof.28.2 Land claimsA number of land claims have been instituted on land ownedor managed by South African National Parks. South AfricanNational Parks is supportive of the process of returning landto its disenfranchised communities. No signifi cant fi nancialobligations are currently placed on South African National Parksin consequence of this process.28.3 September 2001 fire disaster in the Kruger NationalParkOn 4 September 2001 the Kruger National Park experienceda devastating fi re in the Pretoriuskop - Napi region. These fi resled to the death of 24 persons. A judicial commission of inquirywas ordered by the President. The commission’s report hasbeen submitted to Government, but has not as yet been madepublic. To date no liability claims have been instituted againstSouth African National Parks as regarding this incident.133