1. Portfolio Committee Presentation on 2006/07 SANBI Annual Report
Portfolio Committee, Cape Town
17 October 2007

2. 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

3. 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

4. SANBI Income 1999/2000 – 2008/2009

5. 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)

6. 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%

7. THANK
YOU