Mr LJ Mahlangu - Municipal Demarcation Board
Mr LJ Mahlangu - Municipal Demarcation Board
Mr LJ Mahlangu - Municipal Demarcation Board
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
NOTES TO THE ANNUAL FINANCIAL STATMENTS<br />
FOR THE YEAR ENDED 31 ST MARCH 2012<br />
2. REVENUE FROM EXCHANGE TRANSACTIONS NOTES<br />
61 MUNICIPAL DEMARCATION BOARD - Annual Report 2012<br />
2012<br />
R’000<br />
2011<br />
R’000<br />
Sale of goods 18 41<br />
Total 18 41<br />
The revenue is generated from maps that are sold by the<br />
<strong>Board</strong>.<br />
3. REVENUE FROM NON-EXCHANGE TRANSACTIONS<br />
Transfers from National Department of Cooperative Governance<br />
and Traditional Affairs (CoGTA) 38,482 37,187<br />
Total 38,482 37,187<br />
4. INVESTMENT INCOME<br />
Interest received 623 651<br />
Total 623 651<br />
This is interest received on funds invested with ABSA bank.<br />
5. (LOSS)/GAIN ON DISPOSAL OF ASSETS<br />
Loss on disposal of property, plant and office equipment during<br />
the year (5) (39)<br />
Proceeds from insurance claims 4 54<br />
(Loss)/Gain on assets disposal of PPE (1) 15<br />
6. ADMINISTRATIVE EXPENSES<br />
General and administrative expenses 2,870 2,362<br />
Advertisement 446 96<br />
Publications, notices and gazettes 2,002 5,984<br />
Telephone 239 243<br />
Insurance 203 203<br />
Members allowances 24 2,202 1,692<br />
Internal audit fees 700 634<br />
Legal fees 315 719<br />
Printing and photocopies 429 437<br />
Stationery 152 114<br />
Venue and facilities 342 1,229<br />
Minor assets 11 10<br />
Bank charges 23 20<br />
Training and staff development 241 97<br />
Total 10,175 13,840
Change language