NRF Annual Report 2018
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PART D: ANNUAL FINANCIAL STATEMENTS<br />
18<br />
ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, <strong>2018</strong><br />
STATEMENT OF FINANCIAL POSITION<br />
Statement of Financial Position as at March 31, <strong>2018</strong><br />
Assets<br />
Current Assets<br />
Inventories 11 6,129 7,080<br />
Other financial assets 7 629,910 615,914<br />
Receivables from exchange transactions 12 427,923 471,602<br />
Grants paid in advance 10 6,812 409,205<br />
Cash and cash equivalents 13 463,408 494,775<br />
Non‐Current Assets<br />
Note(s)<br />
<strong>2018</strong><br />
R’000<br />
2017<br />
R’000<br />
1,534,182 1,998,576<br />
Property, plant and equipment 3 2,688,342 2,148,038<br />
Intangible assets 4 41,615 46,200<br />
Heritage assets 5 15,479 15,479<br />
Investments in associates 6 16,133 18,447<br />
Employee benefit asset 8 3,996 3,701<br />
Prepayments 9 16,110 16,269<br />
2,781,675 2,248,134<br />
Total Assets 4,315,857 4,246,710<br />
Liabilities<br />
Current Liabilities<br />
Finance lease obligation 16 51 88<br />
Payables from exchange transactions 19 107,714 134,761<br />
Provisions 17 35,188 8,374<br />
Designated income received in advance 18 1,335,866 1,798,739<br />
1,478,819 1,941,962<br />
Non‐Current Liabilities<br />
Finance lease obligation 16 36 87<br />
Total Liabilities 1,478,855 1,942,049<br />
Net Assets 2,837,002 2,304,661<br />
Reserves<br />
SALT Fund 15 16,133 18,447<br />
Capital fund 14 2,745,430 2,209,717<br />
Infrastructure fund 72,878 76,066<br />
Accumulated surplus 2,561 431<br />
Total Net Assets 2,837,002 2,304,661<br />
<strong>NRF</strong> <strong>Annual</strong> <strong>Report</strong> 2017/18 159
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