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

2. 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

3. 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

4. Levy Growth
AGM presentation 15 Sep 2010

5. Levies Analysis
Year
Amount R’000
Percentage Growth %
2009
8.41%
2010
13.26%
2011
6.71%
2012
19.52%
2013
8.32%
AGM presentation 15 Sep 2010

6. 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

7. 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

8. 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%)

9. 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

10. 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

11. 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 M
R 57.65M
% Movement
1.82%
6.41%
33.91
AGM presentation 18 Sep 2013

12. 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%)

13. Conclusion
Questions?

14. Conclusion
Thank You