Agriseta AFS for the year ended 31 March 2010 - PowerPoint PPT Presentation

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Agriseta AFS for the year ended 31 March 2010 PowerPoint Presentation
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Agriseta AFS for the year ended 31 March 2010

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Agriseta AFS for the year ended 31 March 2010

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  1. Agriseta AFS for the year ended 31 March 2010 AGM presentation 15 Sep 2010

  2. Audit Opinion Auditor-General issued an Unqualified Audit Report • Draw attention to the relicensing of Setas • NSDS III is yet to be finalized by the Department of Higher Education and Training. AgriSeta has applied for the renewal of its certificate of establishment • Reported on performance information – no findings AGM presentation 15 Sep 2010

  3. Employers info – March 2010 • 17,381 (2009: 16,6633) registered employers • 4,424 (2009: 4,258) employers paying SDL levy - Total levies received R161,5M (2009 R142,6M) Applications received by 30 June 2009 (for 2010): • WSP’s = 1,709 (previously 1,680) • Total amount paid towards Mandatory Grants – R72.5m (2009 R60M) – Payout % 73%(2009:73%) AGM presentation 15 Sep 2010

  4. Project Grant Expenditure March 2010 • Total project spend: R95,1 (2009 R59.6M) • Top 5 projects on spending (90%): • Learnership/Skills 2.8/4.1 R 28.8m • ABET Project R 12.9m • Skills Programmes 18.1/18.2 R 15.4m • Workers Programmes R 22.3m • NQF Capacity R 6.2m • Other Projects R 9.5m Total Project Expenditure R 95m AGM presentation 15 Sep 2010

  5. Statement of Financial Performance March 2010 AGM presentation 15 Sep 2010


  6. Statement of Financial Performance March 2010 AGM presentation 15 Sep 2010

  7. Statement of Financial Position March 2010 AGM presentation 15 Sep 2010

  8. Statement of Financial Position March 2010 R124m approved for future projects AGM presentation 15 Sep 2010

  9. Discretionary Reserve Discretionary ReserveR 127.6m • Approved by boardR 124.4m Allocation to Top 5 Projects(67%): Workers ProgrammeR 29.2m Mentoring-Land Reform R 19.9m Skills Programmes 18.1-2.8 R 15.9m Learnerships/skills R 10.3m ABET R 8.5m AGM presentation 15 Sep 2010

  10. Cash Flow Statement –Summary March 2010 R’000 Net cash outflow operating activities: 9,750 Net cash outflow investing activities: 307 Net decrease in cash 10,057 Cash and cash equivalents: 159,174 AGM presentation 15 Sep 2010

  11. Conclusion • Questions? AGM presentation 15 Sep 2010

  12. Conclusion Thank You AGM presentation 15 Sep 2010