SAMSA Annual Report 2015 - 2016
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CHAPTER 06 ANNUAL FINANCIAL STATEMENTS ANNUAL FINANCIAL STATEMENTS CHAPTER 06<br />
STATEMENT OF FINANCIAL<br />
PERFORMANCE<br />
STATEMENT OF CHANGES<br />
IN NET ASSETS<br />
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH <strong>2016</strong> FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH <strong>2016</strong><br />
Note(s) <strong>2016</strong><br />
R ‘000<br />
<strong>2015</strong><br />
R ‘000<br />
Revaluation<br />
reserve<br />
R ‘000<br />
Accumulated<br />
surplus/(deficit)<br />
R ‘000<br />
Total net<br />
assets<br />
R ‘000<br />
Revenue - exchange transactions 2 45 440 32 706<br />
Balance at 01 April 2014 - 34 080 34 080<br />
Revenue - non-exchange transactions 2 270 555 273 084<br />
Other operating expenses (171 392) (226 599)<br />
Employee Costs 4 (163 813) (145 339)<br />
Deficit for the year - (81 470) (81 470)<br />
Total changes - (81 470) (81 470)<br />
Depreciation and Amortisation 3 (15 984) (16 058)<br />
Balance at 01 April <strong>2015</strong> - (47 390) (47 390)<br />
Operating (Deficit) Surplus 17 (35 194) (82 206)<br />
Interest Income 5 119 598<br />
Fair value adjustments 6 (58) 138<br />
Other income 30 9 312 -<br />
Finance costs 32 (3 268) -<br />
Changes in net assets<br />
Deficit for the year - (29 089) (29 089)<br />
Revaluation surplus 1 711 - 1711<br />
Total changes 1 711 (29 089) (27 378)<br />
Balance at 31 March <strong>2016</strong> 1 711 (76 479) (74 768)<br />
(Deficit) Surplus for the year (29 089) (81 470)<br />
134 | <strong>SAMSA</strong> ANNUAL REPORT <strong>SAMSA</strong> ANNUAL REPORT | 135
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