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NCERA FARMS (PTY) LTD ANNUAL REPORT: 2006/07

NCERA FARMS (PTY) LTD ANNUAL REPORT: 2006/07. PRESENTATION TO THE PORTFOLIO COMMITTEE ON AGRICULTURE AND LAND AFFAIRS. NCERA FARMS (PTY) ANNUAL REPORT: 2006/07. Members of the Board T Marais S Malatji M Msizi J B Venter Me N L Ngubelanga

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NCERA FARMS (PTY) LTD ANNUAL REPORT: 2006/07

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  1. NCERA FARMS (PTY) LTDANNUAL REPORT: 2006/07 PRESENTATION TO THE PORTFOLIO COMMITTEE ON AGRICULTURE AND LAND AFFAIRS

  2. NCERA FARMS (PTY) ANNUAL REPORT: 2006/07 • Members of the Board T Marais S Malatji M Msizi J B Venter Me N L Ngubelanga Spokesperson of the settled farmers, Mr L Matinise, ex officio member of the Board. • Background - Creation of the company - Why with the DoA - Schedule 3B public entity - Creation of a service centre

  3. NCERA FARMS (PTY) ANNUAL REPORT: 2006/07 (CONTINUED) • Progress made during 2006/07: - administrative building - workshop - security fence - water supply Total cost at end March 2007: R1,827 million R100 000 earmarked for finalisation • Services available to settled farmers and neighbouring communities: - Agricultural extension and advisory services - Land preparation, layout and contract ploughing - Training and advice on fresh produce production and marketing - Preparation of business plans and financial record keeping - Cost effective repairs and maintenance of machinery and equipment - Postal services - Legal services - Animal husbandry - Animal improvement schemes

  4. ACTUAL SPENDING R’000 Budget allocation Transfer from the Department 2 177 Plus: Own revenue 904 Total amount available 3 081 Less: Actual Expenditure 2 677* Surplus 404 * As follows: Personnel expenditure 330 (11,9%) Administrative expenditure 405 (14,6%) Management fees 1 126 (40,5%) Veterinary and medicine cost 34 ( 1,2%) Fodder and licks 526 (18,9%) Maintenance 19 ( 0,7%) Transport 70 ( 2,5%) Consumables 12 ( 0,4%) Water and electricity 69 ( 2,5%) Security services 188 ( 6,8%)

  5. EXTERNAL AUDIT REPORT • Unqualified report • No emphasis of matter AUDIT COMMITTEE REPORT • As follows: • The financial system is in place, adequate and operational; • revenue and expenditure are properly accounted for; • wages are paid according to the prescribed scales; • the asset register is up to date; and • all equipment is properly accounted for.

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