Saturday, 27 April 2024

FINANCIAL RESULTS AS AT 31 MARCH 2009    
     
     
BALANCE SHEET
   
R'000
INVESTMENTS (AT MARKET VALUE)  
21 280 936
CURRENT ASSETS  
507 580
LESS CURRENT LIABILITIES  
(3 013 134)
ACCUMULATED FUNDS  
18 775 382
REVENUE AND EXPENDITURE
CONTRIBUTIONS RECEIVED  
1 952 167
TRANSFERS RECEIVED  
25 085
INVESTMENT INCOME  
(4 398 841)
TOTAL REVENUE  
(2 421 589)
  LESS: ADMINISTRATION EXPENSES  
(72 906)
  BENEFITS PAID  
(2 464 179)
  TRANSFERS OUT  
(67 076)
TOTAL EXPENDITURE  
(5 025 750)
ADD ACCUMULATED FUNDS AT BEGINNING OF YEAR  
23 801 132
ACCUMULATED FUNDS AT END OF YEAR  
18 775 382
 

CONTRIBUTIONS RECEIVED, INVESTMENT INCOME AND BENEFITS PAID

Income from investments earned by the Fund during period amounted to (R 4 399m) whilst contributions by members and employers amounted to R1 952m. Thus total income excluding transfers amounted to (R1 447m).
 
CONTRIBUTION AND INVESTMENT INCOME Rm
 

 

BENEFITS PAID Rm

ASSETS Rm

 
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