Portfolio Committee Presentation on 2006/07

SANBI Annual Report

Portfolio Committee, Cape Town

17 October 2007

CORPORATE GOVERNANCE REPORT

*The Corporate Governance achievements include:• PFMA compliance - Full PFMA compliance achieved in all major areas

• Effectiveness of internal control– PWC are the internal auditors– Internal controls deemed effective– Thorough system of internal audit in place

Evaluation of financial statements– AC reviewed and approved 2006/7 AFS– AG accepted 2006/07 AFS for audit

• Audit opinion– Unqualified audit– “Other Matters” consist of AFS corrections and AG

required jnls• Financial statements

– Details of the Financial Statements are presented in the Annual Report

INCOME and EXPENDITUREBUDGET vs ACTUAL 2006/07

Budget Actual Var Budget

Rms 2006/7 2006/7 2006/7 2007/8

Income 114.5 112.3 -2.2 142,896

Expenditure 114.5 111.3 3.2 142,896

Add: Funds B/Fwd 2.3 2.3 - 1.0

Net Surplus/ (Deficit) 2.3 3.3 1.0 1.0

SANBI Income 1999/2000 – 2008/2009

R -

R 50,000

R 100,000

R 150,000

R 200,000

R 250,000

R 300,000

99/00 01/02 03/04 05/06 07/08

Year

R'000s

Operational Grant Total DEAT Funding Total I ncome

SANBI 2006/07CASH FLOW STATEMENT

R’000sR’000s Qtr 1Qtr 1 Qtr 2Qtr 2 Qtr 3Qtr 3 Qtr 4Qtr 4 TotalTotal

Income 35,054 87,946 54,770 77,664 255,434

Expenditure 55,018 67,540 75,840 79,681 278,079

Net (19,964) 20,406 (21,070) (2,017) (22,645)

ACTACT TARGETTARGET VARVAR

Total EXP R288.7 m R260.3 m R28.4 m

Total BEE EXP R149.5 m R104.1 m R45.4 m

BEE % 51.8% 40% 11.8%

SANBI BEE PERFORMANCE

2006/07

THANK YOU