Brand-South Africa - Annual report 2015 - 2016
During the past financial year, aligned with its mandate to build pride and patriotism in the Nation Brand, Brand South Africa has worked on initiatives to encourage active citizenship in partnership with its stakeholders in government, business, civil society and identified influential forums to increase the participation of all people, particularly our young people, in building a strong, cohesive Nation Brand. These activities, together with engagements at provincial level on Nation Brand alignment, contribute to social cohesion and a positive Nation Brand. Brand South Africa’s activities took place under the leadership of its new CEO, Amb. Kingsley Makhubela, PhD, who joined the organisation during the year.
During the past financial year, aligned with its mandate to build pride and patriotism in the Nation Brand, Brand South Africa has worked on initiatives to encourage active citizenship in partnership with its stakeholders in government, business, civil society and identified influential forums to increase the participation of all people, particularly our young people, in building a strong, cohesive Nation Brand. These activities, together with engagements at provincial level on Nation Brand alignment, contribute to social cohesion and a positive Nation Brand.
Brand South Africa’s activities took place under the leadership of its new CEO, Amb. Kingsley Makhubela, PhD, who joined the organisation during the year.
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
and south africa <strong>Annual</strong> Report <strong>2015</strong>/<strong>2016</strong><br />
25. Cash generated from/(used in) operations<br />
<strong>2016</strong><br />
R<br />
<strong>2015</strong><br />
R<br />
Surplus/(deficit) 23 348 946 (3 690 183)<br />
Adjustments for:<br />
Depreciation and amortisation 1 421 766 1 028 147<br />
Loss on disposal of assets and liabilities 14 912 2 003<br />
Finance costs – finance leases 204 683 39 290<br />
Impairment deficit - 33 254<br />
Impairment of receivables 797 840 316 678<br />
Movements in operating lease assets and accruals (169 179) 57 833<br />
Movements in provisions 2 688 849 2 834 219<br />
Other non-cash items (245 711) (174 831)<br />
Changes in working capital:<br />
Pre-payments 1 301 171 (2 243 646)<br />
Receivables from exchange transactions 654 441 8 203 475<br />
Payables from exchange transactions (12 363 541) (15 106 730)<br />
17 654 177 (8 700 491)<br />
126
Change language