Wednesday, 24 April 2024

FINANCIAL RESULTS AS AT 31 MARCH 2007    
     
     
BALANCE SHEET- AS AT 31 MARCH 2008
   
R'000
FIXED ASSETS & INVESTMENTS (AT MARKET VALUE)  
41 287 609
CURRENT ASSETS  
7 049 586
SUB TOTAL  
48 337 195
LESS : CURRENT LIABILITIES  
(416 917)
ACCUMULATED FUNDS
TOTAL
47 920 278
REVENUE AND EXPENDITURE - 1 APRIL 2007 TO 31 MARCH 2008
CONTRIBUTIONS RECEIVED  
258 349
TRANSFERS RECEIVED  
1 031
INVESTMENT INCOME  
3 666 631
TOTAL INCOME  
3 926 011
  LESS: TOTAL ADMINISTRATION EXPENSES  
( 60 490)
  BENEFITS PAID AND TRANSFERS OUT  
(937 394)
NET EXPENDITURE  
(997 884)
ADD ACCUMULATED FUNDS AT BEGINNING OF YEAR  
44 992151
ACCUMULATED FUNDS AT END OF YEAR  
47 920 278
 

INCOME AND BENEFITS PAID

Contribution and Investment income for 2008 amounted to R3 926 million. Benefits paid and transfers out of the Fund totalled R937 million. In terms of the Industrial Agreement, members contribute 6,6% of pensionable remuneration. Employers contribute at a rate of 6,6% of pensionable remuneration.
 
 

 

CONTRIBUTION AND INVESTMENT INCOME (R000,000’S)

BENEFITS PAID AND TRANSFERS OUT (R000,000’S)

 
 
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