NRF Annual Report 2018

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PART D: ANNUAL FINANCIAL STATEMENTS Segment assets and liabilities for the RISA segment includes Corporate office assets and liabilities as these are not separately identified or internally reported. Measurement of segment surplus or deficit, assets and liabilities Basis of accounting for transactions between reportable segments The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The nature of differences between the measurements of the reportable segments’ surplus or deficit and the entity’s surplus or deficit and discontinued operations Inter-segment transfers: segment revenue and segment expense include revenue and expense arising from transfers between segments. Such transfers are eliminated on consolidation. The Corporate office is regarded as an administrative department and is a reconciling item to the entity’s surplus/ deficit. The nature of differences between the measurements of the reportable segments’ assets or liabilities and the entity’s assets or liabilities There are no differences between the measurements of the reportable segments’ assets or liabilities in comparison with that of the entity. Information about geographical areas The entity’s operations are in different regions around the country. However, geographical areas are not used by the entity for decision-making purposes and information is not reported or collected in such a manner. 42. Budget differences Material differences between budget and actual amounts The budget is prepared well in advance of the financial year. Significant differences can occur between the budget compared with the actual results. The entity normally receives additional contract income during the financial year and funds carried forward are only confirmed at yearend, thus subsequent to the preparation of the budget. Income The decrease in entrance fees at the NZG is due to the poor economic climate and a decline in the use of the facility. Interest income decreased mainly within the SKA project, due to the accelerated spending of cash reserves and the delays in income received from the DST. Higher contract income is attributable to additional funding from the Department of Trade and Industry (dti) to close out the THRIP programme and the Department of Higher Education & Training for the Scarce Skills Development Fund. Expenditure The decrease in employees’ remuneration is due to the reclassification of a portion to cost of sales for isotope sales as well as delays in the recruitment of personnel for two projects at SAEON. Depreciation increased in line with increased capital expenditure at iThemba LABS and SARAO. Grants, bursaries and other research expenditure increased as the incentive funding for rated researchers exceeded the budget as a result of the cost of downscaling this programme. In addition, the reprioritisation from the SARChi programme resulted in additional funding being allocated for human capacity development. And lastly, the grants, bursaries and other research expenditure increased in line with additional contract income received for the THRIP programme and for the Scarce Skills Development Fund. 218 NRF Annual Report 2017/18
PART D: ANNUAL FINANCIAL STATEMENTS 19 ACRONYMS ACEP AIMS AISA ALICE AVN BCM BI CEO African Coelacanth Ecosystem Programme African Institute of Mathematical Science Africa Institute of South Africa A Large Ion Collider Experiment African VLBI Network Business continuity management Business intelligence Chief Executive Officer CERN European Organization for Nuclear Research (Organisation européenne pour la recherchenucléaire) CLS&IR Corporate Legal Services and Industrial Relations CoE Centre of Excellence CoEs Centres of Excellence DAFF Department of Agriculture, Forestry and Fisheries DEA Department of Environmental Affairs DHET Department of Higher Education and Training DST Department of Science and Technology ERM Enterprise risk management ERP Energy Research Programme GRAP Generally Recognised Accounting Practice GRI Global Reporting Initiative HartRAO Hartebeesthoek Radio Astronomy Observatory HCD Human capacity development HEI Higher education institution HR Human resources ICSU International Council for Science ICT Information and communication technology IKS Indigenous knowledge systems IT Information technology iThemba LABS iThemba Laboratory for Accelerator Based Sciences JINR Joint Institute for Nuclear Research KAT Karoo Array Telescope KPI Key performance indicator MTEF Medium-Term Expenditure Framework MTSF Medium Term Strategic Framework NASA National Aeronautics and Space Administration NASSP National Astrophysics and Space Science Programme NDP National Development Plan 2030 NRF Annual Report 2017/18 219
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NATIONAL RESEARCH FOUNDATION ANNUAL
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STATEMENT OF RESPONSIBILITY To the
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7. PROGRAMME 1 (CORPORATE): STRATEG
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13. KEY PERFORMANCE INDICATOR REPOR
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The year ahead The penultimate year
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ocwaningweni, abacwaningi kanye nok
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Boto e dumela tlhohlo yeo e amanago
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Towards the goal of providing “Le
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UMBIKO OFINGQAYO WESIKHULU ESIPHEZU
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Ngeshwa inhlangano yamemezela ukuse
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Palomoka ya banyakišiši ba 4700 i
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PART A: STRATEGIC OVERVIEW NRF Annu
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PART A: STRATEGIC OVERVIEW 1.1.2 NR
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PART A: STRATEGIC OVERVIEW 2 LEGISL
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PART A: STRATEGIC OVERVIEW 2.3.1 Ac
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PART A: STRATEGIC OVERVIEW 3.2 Orga
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PART A: STRATEGIC OVERVIEW FIGURE 7
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PART A: STRATEGIC OVERVIEW PART B:
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PART B: PERFORMANCE The NRF dischar
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PART B: PERFORMANCE international S
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PART B: PERFORMANCE 6 NRF RESPONSE
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PART B: PERFORMANCE FIGURE 16: NRF
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PART B: PERFORMANCE 7 PROGRAMME 1 (
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PART B: PERFORMANCE • Assistance
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PART B: PERFORMANCE Association (SA
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PART B: PERFORMANCE 7.3 Performance
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PART B: PERFORMANCE 3A public entit
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PART B: PERFORMANCE Proportion of s
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PART B: PERFORMANCE introduction to
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PART B: PERFORMANCE encourage them
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PART B: PERFORMANCE • SAASTA Scie
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PART B: PERFORMANCE 9 PROGRAMME 3 (
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PART B: PERFORMANCE Next generation
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PART B: PERFORMANCE Centres of Exce
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PART B: PERFORMANCE TABLE 11: PERFO
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PART B: PERFORMANCE South Africa/Me
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PART B: PERFORMANCE It is evident f
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PART B: PERFORMANCE 9.6 Special pro
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PART B: PERFORMANCE The schematic r
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PART B: PERFORMANCE 10.1 Nuclear sc
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PART B: PERFORMANCE Knowledge gener
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PART B: PERFORMANCE Enhance strateg
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PART B: PERFORMANCE GNU compiler co
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PART B: PERFORMANCE 10.3.2 South Af
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PART B: PERFORMANCE 10.4 Biodiversi
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PART B: PERFORMANCE and hosted by t
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PART B: PERFORMANCE 10.4.2 Enhance
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PART B: PERFORMANCE 10.4.3 Establis
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PART B: PERFORMANCE 10.5 Astronomy
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PART B: PERFORMANCE 10.6 Astronomy
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PART B: PERFORMANCE TABLE 22: ASTRO
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PART B: PERFORMANCE MeerKAT The hig
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PART B: PERFORMANCE 10.6.3 Establis
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PART C: REGULATORY REPORTING NRF An
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PART C: REGULATORY REPORTING 11.5 N
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PART C: REGULATORY REPORTING 11.10
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PART C: REGULATORY REPORTING 11.12
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PART C: REGULATORY REPORTING 11.12.
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PART C: REGULATORY REPORTING FIGURE
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PART C: REGULATORY REPORTING • Ev
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PART C: REGULATORY REPORTING TABLE
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PART C: REGULATORY REPORTING NRF st
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PART C: REGULATORY REPORTING 12.2.3
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PART C: REGULATORY REPORTING 13.3 K
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PART C: REGULATORY REPORTING INDICA
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PART C: REGULATORY REPORTING 14 ALI
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PART D: ANNUAL FINANCIAL STATEMENTS
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PART D: ANNUAL FINANCIAL PART D: AN
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NRF Annual Report 2018

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