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.
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and south africa <strong>Annual</strong> Report <strong>2015</strong>/<strong>2016</strong><br />
Statement of Financial performance<br />
Notes<br />
Revenue 15 173 160 000 167 686 000<br />
Other income 16 231 926 2 016 929<br />
Operating expenses (150 511 289) (173 828 613)<br />
Operating surplus/(deficit) 24 22 880 637 (4 125 684)<br />
Investment income 17 672 992 474 791<br />
Finance costs 20 (204 683) (39 290)<br />
Surplus/(deficit) for the year 23 348 946 (3 690 183)<br />
<strong>2016</strong><br />
R<br />
<strong>2015</strong><br />
R<br />
Statement of Changes in Net Assets<br />
Notes<br />
Accumulated<br />
surplus<br />
R<br />
Total net<br />
assets<br />
R<br />
Balance as at 1 April 2014 (5 441 539) (5 441 539)<br />
Changes in net assets<br />
Deficit for the year (3 690 183) (3 690 183)<br />
Total changes (3 690 183) (3 690 183)<br />
Balance at 01 April <strong>2015</strong> (9 131 721) (9 131 721)<br />
Changes in net assets<br />
Surplus for the year 23 348 946 23 348 946<br />
Total changes 23 348 946 23 348 946<br />
Balance 31 March <strong>2016</strong> 14 217 225 14 217 225<br />
88
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