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 EXPENDITURE BUDGET vs ACTUAL 2006/07 Var Rms 2006/7 2007/8 Income 114.5 112.3 -2.2 142,896 Expenditure 111.3 3.2 Add: Funds B/Fwd 2.3 - 1.0 Net Surplus/ (Deficit) 3.3

SANBI Income 1999/2000 – 2008/2009

SANBI 2006/07 CASH FLOW STATEMENT R’000s Qtr 1 Qtr 2 Qtr 3 Qtr 4 Total 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)

SANBI BEE PERFORMANCE 2006/07 ACT TARGET VAR 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%

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