Sunday, 22 December 2024

FINANCIAL RESULTS AS AT 31 MARCH 2011    
     
     
BALANCE SHEET
   
R'000
INVESTMENTS (AT MARKET VALUE)  
29 419 095
CURRENT ASSETS  
491 098
LESS CURRENT LIABILITIES  
(3 378 681)
ACCUMULATED FUNDS  
26 531 512
REVENUE AND EXPENDITURE
CONTRIBUTIONS RECEIVED  
2 328 405
TRANSFERS RECEIVED  
73 052
INVESTMENT INCOME  
3 359 054
TOTAL REVENUE  
5 760 511
  LESS: ADMINISTRATION EXPENSES  
(91 626)
  BENEFITS PAID  
(2 885 542)
  TRANSFERS OUT  
(100 029)
TOTAL EXPENDITURE  
(3 077 197)
ADD ACCUMULATED FUNDS AT BEGINNING OF YEAR  
23 848 198
ACCUMULATED FUNDS AT END OF YEAR
26 531 512
 

CONTRIBUTIONS RECEIVED, INVESTMENT INCOME AND BENEFITS PAID

Income from investments earned by the Fund during period amounted to R3 359m whilst contributions by members and employers amounted to R2 328m . Thus total income excluding transfers amounted to R5 687m .
 
CONTRIBUTION AND INVESTMENT INCOME Rm
 

 

BENEFITS PAID Rm

ASSETS Rm

 
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