Annual Report 2018 _Final
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ORBIT TVET COLLEGE<br />
<strong>Annual</strong> Financial Statements for the year ended 31 December <strong>2018</strong><br />
Notes to the <strong>Annual</strong> Financial Statements<br />
<strong>2018</strong> <strong>Annual</strong> <strong>Report</strong> Page 158<br />
Figures in Rand <strong>2018</strong> 2017<br />
2. Cash and cash equivalents<br />
Cash and cash equivalents consist of:<br />
Cash on hand 20 000 20 300<br />
Bank balances 182 686 380 30 316 109<br />
Call deposits 51 389 005 88 462 241<br />
The entity had the following bank accounts<br />
234 095 385 118 798 650<br />
Account number / description Bank statement balances Cash book balances<br />
31 December<br />
<strong>2018</strong><br />
31 December<br />
2017<br />
31 December<br />
2016<br />
31 December<br />
<strong>2018</strong><br />
31 December<br />
2017<br />
31 December<br />
2016<br />
ABSA Bank: Brits Acc Nr -<br />
575 375 962 145 1 224 453 575 375 962 145 1 224 453<br />
64083867<br />
ABSA bank: Rustenburg Acc Nr 161 601 514 27 868 975 57 690 696 161 601 514 27 868 975 57 690 696<br />
- 4056719229<br />
ABSA bank: Rustenburg Acc Nr 1 684 433 275 372 128 521 1 684 433 275 372 128 521<br />
- 4070607280<br />
ABSA bank: Rustenburg Acc Nr 171 759 613 044 2 743 510 171 759 613 044 2 743 510<br />
- 4065336975<br />
ABSA bank: Rustenburg Acc Nr 857 265 447 861 1 651 645 857 265 447 861 1 651 645<br />
- 1220831201<br />
ABSA bank: Johannesburg Acc 45 478 148 842 1 374 45 478 148 842 1 374<br />
Nr - 4079665578<br />
ABSA bank: Rustenburg Acc Nr 51 389 005 88 462 241 34 608 249 51 389 005 88 462 241 34 608 249<br />
- 9184899180<br />
ABSA bank: Rustenburg Acc Nr<br />
143 118 1 954 143 118 1 954<br />
- 4088842020<br />
ABSA bank: Rustenburg Acc Nr 2 019 (248) (266) 2 019 (248) (266)<br />
- 4088841286<br />
ABSA bank: Rustenburg Acc Nr 17 746 697 - - 17 746 697 - -<br />
- 4094961149<br />
ABSA bank: Rustenburg Acc Nr<br />
- 4094961092<br />
1 697 - - 1 697 - -<br />
Total 234 075 385 118 778 350 98 050 136 234 075 385 118 778 350 98 050 136<br />
3. Inventories<br />
Inventories 9 743 115 16 002 000<br />
3.1 Inventory includes:<br />
Text books 6 659 418 12 744 515<br />
Stationery and paper 2 152 510 1 844 237<br />
Other learning materials 931 187 1 413 248<br />
9 743 115 16 002 000<br />
Carrying value of inventories items disclosed at current replacement cost 968 418 2 916 095<br />
Inventories recognised as an expense/ (profit) during the year 21 383 663 11 086 320<br />
Consumable inventory consist of textbooks, other learning materials, stationery and paper.<br />
Inventory pledged as security<br />
No inventory was pledged as security by the College
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