Mr LJ Mahlangu - Municipal Demarcation Board
Mr LJ Mahlangu - Municipal Demarcation Board
Mr LJ Mahlangu - Municipal Demarcation Board
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STATEMENT OF FINANCIAL PERFORMANCE<br />
FOR THE YEAR ENDED 31 MARCH 2012<br />
Revenue<br />
NOTES<br />
47 MUNICIPAL DEMARCATION BOARD - Annual Report 2012<br />
2012<br />
R’000<br />
2011<br />
R’000<br />
Revenue from exchange transactions 2 18 41<br />
Revenue from non-exchange transactions 3 38,482 37,187<br />
Investment income 4 623 651<br />
Total Revenue 39,123 37,879<br />
Expense<br />
Administrative expenses 6 10,175 13,840<br />
Employee cost 7 12,061 11,322<br />
Audit fees 8 797 923<br />
Project expenses 9 4,943 3,580<br />
Other operating expenses 10 6,833 5,525<br />
Depreciation 11 890 716<br />
Amortisation 12 119 86<br />
Total Expense 35,818 35,992<br />
(Loss)/Gain on disposal of assets 5 (1) 15<br />
Surplus for the year 3,304 1,902
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