AgriSeta AFS for the year ended 31 March 2016 AGM presentation

Audit Opinion Auditor-General issued an Unqualified Audit Report There were no material adjustments to the Annual financial statements Opinion is not given on Performance Information Conclusion on two programmes were qualified AGM presentation 05 October 2016

Employers info – March 2016 20,641 (2015: 20,004) registered employers 6,183 (2015: 5,885) employers paying SDL levy - Total levies received R330,5M(2015: R292.2M) Applications received by 30 April 2015 (for 2016): WSP’s =1705 (2015: 1,693 ) Total amount paid towards Mandatory Grants – R53,7M (2015: R46.3M) Payout is 53%

Levy Growth

Levies Analysis Year Amount R’000 Percentage Growth % 2012 206 026 19.5% 2013 223 180 8.3% 2014 269 932 20.9% 2015 292 209 2016 330 518 13.1% AGM presentation

Project Grant Expenditure March 2016 Total project spend: R180.7M (2015: R141.9M) 27.3% increase Top 10 projects on based on commitments balances Commitments balance Name R-Millions Artisans development R85.3M Internship R20.2M Mentorship R19.2M UIF R15.8M Learnership 18.1 R15.7M Bursaries 18.1 R13.3M Graduate placement R9.5M Bursaries continuation R8.9M Learnership 18.2 R8.0M R15.3M

Statement of Financial Performance March 2016 INCOME 2015/16 R’000 2014/15 % Movement Levies, penalties & interest 338,981 298,378 13.6% NSF & special projects income 10,424 14,958 (30.3%) Investment and other income 19,557 13,277 47.2% Total 368,962 326,613 12.9% AGM presentation

Statement of Financial Performance March 2016 EXPENSES 2015/16 R’000 2014/15 R’000 % Movement Employer grant Discretionary Transfer to NSF Admin expenses and finance costs 53,734 180,787 39,455 46,332 141,922 85,016 15.9% 27.4% (100%) 8.4% NSF & Special project expenses 10,455 14,958 30.1% Total 284,431 324,596 (12.4%) Net Surplus/(Deficit): 88,995 2,017 43.1%

Statement of Financial Position March 2016 ASSETS 2015/16 R’000 2014/15 % Movement Property Plant & Equipment 4,897 4,882 0.3% Intangible assets Receivables 25 26,030 39 25,370 (35.9%) 2.6% Cash and Bank 307,513 297,889 3.2% Total 338,465 328,180 3.1% AGM presentation

Statement of Financial Position March 2016 EQUITY & LIABILITIES 2015/16 R’000 2014/15 % Movement Grant and Other Reserves 259,596 170,602 52.2% Capitalisation reserve 3,107 0% Payable & Provisions 75,294 152,881 (50.7%) Grants & Donor Funding 960 2,176 (55.9%) Total 338,957 328,766 3.1% AGM presentation

Discretionary Reserve Allocation of Discretionary Reserves Year Discretionary Reserve Contracted 2014/15 R169,3M R162.4M 2015/16 R258.3M R258.0M AGM presentation

Conclusion Questions?

Conclusion Thank You