Sunday, 22 December 2024

FINANCIAL RESULTS AS AT 31 MARCH 2008    
     
     
BALANCE SHEET
   
R'000
INVESTMENTS (AT MARKET VALUE)  
21 972 885
CURRENT ASSETS  
4 620 347
LESS CURRENT LIABILITIES  
(2 792 101)
ACCUMULATED FUNDS  
23 801 131
REVENUE AND EXPENDITURE
CONTRIBUTIONS RECEIVED  
1 777 632
TRANSFERS RECEIVED  
23 933
INVESTMENT INCOME  
2 144 078
TOTAL REVENUE  
3 945 643
  LESS: ADMINISTRATION EXPENSES  
(55 745)
  FINANCIAL LEVIES  
(1 846)
  BENEFITS PAID  
(1 986 841)
  PROVISION FOR UNCLAIMED BENEFITS  
(375 386)
  TRANSFERS OUT  
(47 915)
TOTAL EXPENDITURE  
(2 467 733)
ADD ACCUMULATED FUNDS AT BEGINNING OF YEAR  
22 323 220
ACCUMULATED FUNDS AT END OF YEAR  
23 801 131
 

CONTRIBUTIONS RECEIVED, INVESTMENT INCOME AND BENEFITS PAID

Income from investments earned by the Fund during period amounted to R 2 144m whilst contributions by members and employers amounted to R1 778m. Thus total income excluding transfers amounted to R3 922m.
 
CONTRIBUTION AND INVESTMENT INCOME Rm
 

 

BENEFITS PAID Rm

ASSETS Rm

 
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