3. PPECB Annual Report 2009-2010

20 Actual Income and Expenditure compared to Budgeted Income and ExpenditureThe budget for 2010 was approved by the Board of the PPECB on 5 March 2009.2010 ActualR2010 BudgetRDifferenceRRevenue and other income152,600,821144,923,783 7,677,038ExpenditureEmployee expensesTrainingOperational activity expensesComputer expensesOffice rental and maintenanceAdministrative expensesDepreciationCorporate identity and stakeholder133,060,37393,226,8923,228,31623,470,5874,008,1403,097,3842,385,5791,879,075144,923,78196,605,5288,746,36624,851,5405,232,4413,303,0872,913,0301,089,740(11,863,408)(3,378,636)(5,518,050)(1,380,953)(1,224,301)(205,703)(527,451)789,335communicationLegal feesFinance charge1,663,26682,59218,5422,083,04999,000-(419,783)(16,408)18,542Surplus for the year19,540,4482 19,540,446Revenue and other income is R7,677,038 above budget. The budget was mainly based on volume estimates received fromthe various industry bodies at budget time. Actual volumes inspected and exported during the year however exceeded industryestimates resulting in higher than budgeted income.Expenditure is R11,863,408 below budget due to the following main reasons:Employee expenditure show a saving on budget due to higher than anticipated vacancies during the year.Training expenditure show a saving on budget due to certain external training initiatives that were not implemented.Operational expenditure show a saving on budget due to improved planning and efficiencies on staff placement resultingin savings on travel, accommodation and S&T costs.Computer expenses show a saving on budget due to the cancellation of certain license fees coupled to improvedefficiencies on network costs.Depreciation cost is R789,335 over budget due to the majority of CAPEX purchases made early in the year as well asan under provision in the budget.88PPECB | annual report | 2009 - 2010