compressed_Annual Report 2016-ilovepdf-compressed

NOTES TO THE ANNUAL FINANCIAL STATEMENTS
for the year ended 31 March 2016
1 FUEL LEVIES
2016 2015
E
E
Revenue 99 794 461 94 273 019
The analysis of fuel levies per Oil Company in respect
of fuel imported and sold in the country is as follows:
- Chevron Swaziland Limited 12 300 844 11 701 765
- Engen Swaziland (Proprietary) Limited 18 807 461 18 606 497
- Total Swaziland (Proprietary) Limited 25 477 427 22 839 222
- Exel Petroleum Swaziland (Proprietary) Limited 8 405 022 8 387 040
- Galp Energia Swaziland (Proprietary) Limited 34 803 707 32 738 495
99 794 461 94 273 019
2 OTHER GAINS
At fair value through profit and loss:
Investment managed by African Alliance
- Managed Fund 101 969 1 693 684
- Portfolio Fund 373 605 5 889 880
475 574 7 583 564
3 BENEFITS AND CLAIMS EXPENSES
Reported claims charged during the year 25 498 128 35 704 180
Claims and loss adjustment expenses (465 000) 586 000
Actuarial increase/ (decrease) in undertakings liabilities (note 13)
(6 805 662) (6 218 782)
Actuarial (decrease)/ increase in outstanding claims liabilities (note 14)
(3 568 000) 1 996 804
15 328 466 32 068 202
SINCEPHETELO MVA FUND 45