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Focus: prepare for repositioning Shareholder direction Highly dynamic market environment

Overview. Focus: prepare for repositioning Shareholder direction Highly dynamic market environment Review strategic thrust New mandate Redefined: target market, study programme, student source, build capacity. Overview (cont.). Concentration, bring NEMISA to a state of

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Focus: prepare for repositioning Shareholder direction Highly dynamic market environment

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  1. Overview • Focus: prepare for repositioning • Shareholder direction • Highly dynamic market environment • Review strategic thrust • New mandate • Redefined: target market, study programme, • student source, build capacity

  2. Overview (cont.) • Concentration, bring NEMISA to a state of • readiness for 2007 academic year • New content hub • New study programme launched February • 2007 • Fulltime student body 153 • 11 fulltime and 8 part-time trainers

  3. The Main Challenge To prepare for and establish a new NEMISA that would offer a fully integrated study programme and content generating facility that addresses the needs of the fast developing and ever changing ICT sector

  4. Meeting the Challenge • Develop the new study programme to include: • A 12 – month National Certificate in Radio • Production • An 18 month National Certificate in TV • Production • A 3 – year Diploma in Animation • A 12 – month Foundation Course in Graphic • Design for Multimedia • A 12 – month Learnership in Broadcast • Engineering • A 12 – month Pilot Academy in • Telecommunications

  5. Meeting the Challenge (cont.) • Accordingly: • Do course development – new curricula; • teaching and learning materials • Re-develop resource centre • Appoint new fulltime trainers and find part- • time supporting team • Upgrade the technology • Establish accreditation • Develop quality management system • Plan human resources and effective • organisational structure

  6. Performance Against Predetermined Objectives: Achievements • Governance: • Re-launch of NEMISA – July 2006 • EXCO

  7. Performance Against Predetermined Objectives: Achievements • Management: Training & Development • Course Development – • Development of new study programmes for • 2007 (incl. curriculum; teaching & learning • materials) • Acquired 3 year animation curriculum from • Algonquin College of Applied Arts and • Technology (Canada) • Established Industry and Curriculum Advisory • Bodies

  8. Performance Against Predetermined Objectives: Achievements • Management: Training and Development: • Course Development - • Training programmes for people with • disabilities • 10 week animation Master Class with • Algonquin • Training animation producers with APTI & • produced short films • Final run of the Creative Multimedia • programme with MMU • Training SABC staff on the fundamentals of • High Definition Television

  9. Performance Against Predetermined Objectives: Achievements • Accreditation: • Compilation of documents for 2007 • academic year submission in support of • registration with the Department of • Education; accreditation with the Council • on Higher Education; recognition by • MAPPP and ISETT SETAs

  10. Performance Against Predetermined Objectives: Achievements • Quality Assurance: • Review & development of processes and • systems • Development of the Quality Management • System (QMS)

  11. Performance Against Predetermined Objectives: Achievements • Capacity Building: Human & Physical • Appointment of Senior Management Team • Learning Support Technologies

  12. Performance Against Predetermined Objectives: Achievements • Student Affairs • Development of programmes and services • that support training excellence

  13. Performance Against Predetermined Objectives: Achievements • Content Development • Digital content development strategy • Solicit commissioning on content • development

  14. Abridged Auditors Report Opinion of the Auditor General: • In my opinion, the financial statements present fairly, in all material respects. The financial position of NEMISA as at 31 March 2007 and its financial performance and cash flows for the year then ended, in accordance with the basis of accounting determined by the National Treasury of South Africa, as set out in note 1.1 to the financial statements, and in the manner required by the PFMA. Other Matters : • Impairment exercise was not carried out. • Intangible Assets: Classified under computer equipment instead of the above.

  15. Statement of Financial Position for the Annual Financial Year End ended March 2007 Note March 2007 March 2006 R R Assets Non Current Assets Property, Plant, Equipment 2 7 748 901 6 323 514 Intangible Assets 3 175 150 473 832 Current Assets Trade and Other Receivables 4 2 927 081 14 992 616 Staff Loans 5 000 2 000 Cash and Cash Equivalents 4 14 763 855 19 280 309 Total Assets ___________ ____________ 25 619 986 41 072 271 ___________ ___________ Net Assets and Liabilities Accumulated Surplus 5 5 665 611 6 885 983 Long Term Liabilities 6 1 307 142 3 311 492 Current Liabilites Unspent conditional project funds 7 12 611 075 27 061 300 Trade and other Payables 8 5 658 570 3 611 981 Provisions 9 ___387 588201 515 Total Net Assets and Liabilities 25 619 986 41 072 271 ___________ _________

  16. Statement of Financial Performance for the Annual Financial Year March 2007 NOTE March 2007 March 2006 R R Income Government Grants 19 199 000 18 163 000 Other Income 10 2 013 957 6 426 992 Interest Received 11 672 040 319 064 Total Income 21 884 997 24 909 056 Expenditure 12/15 (23 115 369) (23 140 221) Current Year Correction of Fundamental Error (Deficit) Surplus for the year ______________________ ( 1 230 372) 1 768 835 ______________________ (215 39359) ( 1 600 862) (23 115 369)

  17. Statement of Changes in Net Assets for the Annual Financial Year End ended March 2007 Note Accumalated Total Income(deficit) R R Balance as at 31 March 2005 8 658 031 8 658 031 Correction of fundamental Error 15 (4 332 813) (4 332 813) __________ ____________ Reinstated as at 1 April 2005 4 325 218 4 325 218 Net Surplus for year as previously Stated 959 903 959 903 Correction of fundamental Error 15 1 600 862 1 600 862 ___________ ___________ Restated Balance as at March 2006 6 885 983 6 885 983 Net (Deficit) for the year (1 230 372) (1 230 372) ___________ __________ Balance as at 31 March 2007 5 655 610 5 655 610 ___________ _________

  18. Notes to the Annual Financial Statements CORRECTION OF FUNDAMENTAL ERRORS – PRIOR YEARS March 2006 Pre-March 2006 Total R R R Equipment Hire ( 296 397) 126 462 ( 169 935) Depreciation ( 233 521) 318 669 ( 551 919) Operating lease property rent (1 161 828) 4 473 785 3 311 957 Finance costs 90 614 51 235 141 849 1 600 862 4 332 813 2 731 951 • Correction of fundamental error relating to lease agreements not disclosed as finance leases. • Operating lease expenses were not correctly straight-lined in terms of IAS17/AC105. Prior year depreciation was incorrectly calculated, and adjusted in line with a change in accounting estimate.

  19. Staff Establishment

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