Sunday, 22 December 2024

FINANCIAL RESULTS AS AT 31 MARCH 2009    
     
     
BALANCE SHEET- AS AT 31 MARCH 2009
   
R'000
FIXED ASSETS & INVESTMENTS (AT MARKET VALUE)  
39 121 415
CURRENT ASSETS  
213 085
SUB TOTAL  
39 334 500
LESS : CURRENT LIABILITIES  
(1 595 319)
ACCUMULATED FUNDS
TOTAL
37 739 181
REVENUE AND EXPENDITURE - 1 APRIL 2008 TO 31 MARCH 2009
CONTRIBUTIONS RECEIVED  
275 223
TRANSFERS RECEIVED  
2 211
INVESTMENT INCOME  
(8 135 486)
TOTAL INCOME  
(7 858 052)
  LESS: TOTAL ADMINISTRATION EXPENSES  
( 78 630)
  BENEFITS PAID AND TRANSFERS OUT  
(2 244 412)
NET EXPENDITURE  
(2 323 042)
ADD ACCUMULATED FUNDS AT BEGINNING OF YEAR  
47 920 275
ACCUMULATED FUNDS AT END OF YEAR  
37 739 181
 

INCOME AND BENEFITS PAID

Contribution and Investment income for 2009 amounted to (R 7 858 million). Benefits paid and transfers out of the Fund totalled (R2 244 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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