AgriSeta AFS for the year ended 31 March 2013 AGM presentation 18 Sep 2013

Audit Opinion Auditor-General issued an Unqualified Audit Report Financial Statements are not materially misstated Opinion is not given on Performance Information Improvement from last year as there was a material adjustment with regards to commitments AGM presentation 18 Sep 2013

Employers info – March 2013 R18,355 (2012:18,108) registered employers 5,068 (2012: 4,818) employers paying SDL levy - Total levies received R223,1M (2012:R206,1M) Applications received by 30 June 2012 (for 2013): WSP’s =1,835 (2012: 1,755) Total amount paid towards Mandatory Grants –R99.9M (2012: R87.9M)–Payout is 72% AGM presentation 18 Sep 2013

Levy Growth AGM presentation 15 Sep 2010

Levies Analysis Year Amount R’000 Percentage Growth % 2009 142 607 8.41% 2010 161 524 13.26% 2011 172 372 6.71% 2012 206 026 19.52% 2013 223 180 8.32% AGM presentation 15 Sep 2010

Project Grant Expenditure March 2013 Total project spend: R104.0M (2012:R89.8M) 16% increase Top 10 projects on spending 71% of total Project Expenditure Name R-Millions P4 Learnerships 18.2 R14.9M P.7 Learnerships 18.1 R11.0M P4 Interns R10.5M P7 Commodity Organizations R7.5M NSFAS R7.3M P12 CEO/TLS R6.0M P4 Bursaries R4.5M P4&P7 Skills Delivery Administration R4.4M P7 Skills Programmes 18.1 R4.2M 4,1 Workers Programmes R3.7M

Statement of Financial Performance March 2013 INCOME 2012/13 R’000 2011/12 % Movement Levies, penalties & interest 225,542 207,896 8.48% NSF & special projects income 15,474 2,517 500.15% Investment and other income 8,480 8,672 (2.21%) Total 249,496 219,085 13.88% AGM presentation 18 Sep 2013

Statement of Financial Performance March 2013 EXPENSES 2012/13 R’000 2011/12 R’000 % Move Employer grant Discretionary >Paid Movement in Accrual 99,892 101,417 2,598 87,904 88,852 1,046 13.64% 14.14% 148.37% Admin expenses 28,024 24,817 12.92% NSF & Special project expenses 15,474 2,517 500.15% Total 247,415 205,136 20.61% Net Surplus/(Deficit): 2,081 13,949 (85.05%)

Statement of Financial Position March 2013 ASSETS 2012/13 R’000 2011/12 % Move Property Plant & Equipment 4,627 4,608 0.40% Intangible assets Receivables 16 10,780 46 3,498 (65%) 200.08% Cash and Bank 173,437 175,738 (1.30%) Total 188,860 183,890 2.70% AGM presentation 18 Sep 2013

Statement of Financial Position March 2013 EQUITY & LIABILITIES 2012/13 R’000 2011/12 % Move Grant and Other Reserves 116,419 114,339 1.81% Capitalisation reserve 3,107 0% Payable & Provisions 67,572 65,934 2.48% Grants & Donor Funding 1,762 510 245.49% Total 188,860 183,890 2.70% Of the R99.9M R79.5M has been approved for future projects Payable relate to o/s Grant payments of R19.3M and Project and Trade Payables of R11.6M R3.3M Relates to amounts due to SARS AGM presentation 18 Sep 2013

Discretionary Reserve Allocation of Discretionary Reserves Year Discretionary Reserve Approved By Board Contracted 2012/13 R115,15M R108,18M R77,20M 2011/12 R113.09M R 101.24M R 57.65M % Movement 1.82% 6.41% 33.91 AGM presentation 18 Sep 2013

Cash Flow Statement –Summary March 2013 2012/13 R’000 2011/12 Net Cash Outflow from operating Activities (2,063) 28,799 (107.16%) Cash Outflow from Investing Activities (169) (519) (67.43%) Net Decrease in Cash and Cash Equivalents (2,301) 28,280 (108.14%) Opening Cash Balance 175,738 147,458 19.18% Total 173,437 (1.30%)

Conclusion Questions?

Conclusion Thank You