annrep 1011 1 to 148.qxp - Department of Defence

More documents

Recommendations

Info

D E P A R T M E N T O F D E F E N C EDepartment of Defence and Military VeteransVote 21REPORT OF THE AUDITOR-GENERAL TO PARLIAMENTON VOTE NO. 21: DEPARTMENT OF DEFENCEAND MILITARY VETERANSreporting in a timely manner which is accessible and available and to ensure that the transactions are complete and accuratelyrecorded without delay as required by the National Treasury.The assets are currently managed on various logistical subsystems. These systems are not integrated nor are they integrated withthe financial system or reconciled. Inventory and capital assets are also not separated on these subsystems. Due to a moratoriumon the acquisition of a new assets system the above shortcomings could not be addressed. Records of some units/depots are stillmanual and are not integrated for reporting purposes.Adequate controls were not implemented over daily and monthly processing and recording of transactions to ensure the accuracy,and completeness of the information reported.Adequate processes were not in place to ensure complete and timely reporting to relevant authorities as required by laws and regulations.G o v e r n a n c eThe department is still in the process of capacitating the internal audit component.O T H E R R E P O R T SP e r f o r m a n c e a u d i t sA performance audit was conducted during the year under review on the department's use of consultants, contractors and agencies/outsourcedservices. The management report was issued in February 2011.Pretoria30 July 2011182ANNUAL REPORT FY 2010/2011
D E P A R T M E N T O F D E F E N C EDepartment of Defence and Military VeteransVote 21Chapter 2ACCOUNTING POLICIESfor the year ended 31 March 2011The Financial Statements have been prepared in accordance with the following policies, which have been applied consistently inall material aspects, unless otherwise indicated. However, where appropriate and meaningful, additional information has beendisclosed to enhance the usefulness of the Financial Statements and to comply with the statutory requirements of the PublicFinance Management Act, Act 1 of 1999 (as amended by Act 29 of 1999), and the Treasury Regulations issued in terms of theAct.1. Presentation of the Financial Statements1.1 Basis of preparationThe Financial Statements have been prepared on a modified cash basis of accounting, except where stated otherwise.The modified cash basis constitutes the cash basis of accounting supplemented with additional disclosure items.Under the cash basis of accounting transactions and other events are recognised when cash is received or paid.1.2 Presentation currencyAll amounts have been presented in the currency of the South African Rand (R) which is also the functionalcurrency of the department.1.3 RoundingUnless otherwise stated all financial figures have been rounded to the nearest one thousand Rand (R'000).1.4 Comparative figuresPrior period comparative information has been presented in the current year's financial statements. Where necessaryfigures included in the prior period financial statements have been reclassified to ensure that the format in which theinformation is presented is consistent with the format of the current year's financial statements.1.5 Comparative figures - Appropriation Statement2. RevenueA comparison between actual amounts and final appropriation per major classification of expenditure is included inthe Appropriation Statement.2.1 Appropriated fundsAppropriated funds comprises of departmental allocations as well as direct charges against revenue fund (i.e.statutory appropriation).Appropriated funds are recognised in the financial records on the date the appropriation becomes effective.Adjustments made in terms of the adjustments budget process are recognised in the financial records on the date theadjustments become effective.Unexpended appropriated funds are surrendered to the National Revenue Fund. Any amounts owing to the NationalRevenue Fund at the end of the financial year are recognised as payable in the statement of financial position.Any amount due from the National Revenue Fund at the end of the financial year is recognised as a receivable in thestatement of financial position.ANNUAL REPORT FY 2010/2011 183
Page 2 and 3:
D E P A R T M E N T O F D E F E N C
Page 4 and 5:
Page 6 and 7:
Page 8 and 9:
Page 10 and 11:
Page 12 and 13:
Page 15 and 16:
Chapter 1D E P A R T M E N T O F D
Page 17 and 18:
Page 19 and 20:
Page 21 and 22:
Page 23 and 24:
Page 25 and 26:
Page 27 and 28:
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Page 35 and 36:
Page 37 and 38:
Page 39 and 40:
Page 41 and 42:
Page 43 and 44:
Page 45 and 46:
Page 47 and 48:
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58:
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Page 81 and 82:
Page 83 and 84:
Page 85 and 86:
Page 87 and 88:
Page 89 and 90:
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148: D E P A R T M E N T O F D E F E N C
Page 197: D E P A R T M E N T O F D E F E N C
Page 249 and 250:
Page 251 and 252:
Page 253 and 254:
Page 255 and 256:
Page 257 and 258:
Page 259 and 260:
Page 261 and 262:
Page 263 and 264:
Page 265 and 266:
Page 267 and 268:
Page 269 and 270:
Page 271 and 272:
Page 273 and 274:
Page 275 and 276:
Page 277 and 278:
Page 279 and 280:
Page 281 and 282:
Page 283 and 284:
Page 285 and 286:
Page 287 and 288:
Page 289 and 290:
Page 291 and 292:
Page 293 and 294:
Page 295 and 296:
Page 297 and 298:
Page 299 and 300:
Page 301 and 302:
Page 303 and 304:
Page 305 and 306:
Page 307 and 308:
Page 309 and 310:
Page 311 and 312:
Page 313 and 314:
Page 315 and 316:
Page 317 and 318:
Page 319:
show all

annrep 1011 1 to 148.qxp - Department of Defence

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?