1 / 11

Welcome 3 rd BANKSETA Annual General Meeting 23 September 2003

Welcome 3 rd BANKSETA Annual General Meeting 23 September 2003. BANKSETA Annual General Meeting 23 September 2003. Annual Financial Statements 2002/2003 Challenges Future Focus. Annual Financial Statements 2002/2003. Year 2002 2003

lyle-robles
Télécharger la présentation

Welcome 3 rd BANKSETA Annual General Meeting 23 September 2003

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Welcome 3rd BANKSETA Annual General Meeting 23 September 2003

  2. BANKSETA Annual General Meeting 23 September 2003 • Annual Financial Statements 2002/2003 • Challenges • Future Focus

  3. Annual Financial Statements 2002/2003 Year 2002 2003 Income Total: R132,875mR171,632m Operational income (10% allowed): R13,933mR16,160m Interest earned: R3,305mR12,175m Operational savings: R3,399mR3,985m

  4. Annual Financial Statements 2002/2003 (Grants) Year 2002 2003 Grants paid/payable: R106,74mR107,741m Grants paid/payable %: 96%97% Project grants paid R3,84mR16,267m NSF grant received 0R78,m

  5. Annual Financial Statements 2002/2003 ( Operations) Year 2002 2003 Operational income(10% allowed): R13,933mR16,160m Operational expenses: R10,534mR12,254m (7,6%)(7,6%) % change Operational exp.: 27,6%16,3% Operational savings: R3,399mR3,985m (24,4%)(24,7%) Interest earned: R3,305mR12,175m

  6. GRANT DISBURSEMENTS • Remains consistently high : +95% average • Disbursement of over R100m (2003) to 273 companies • Over R243m allocated over last three years

  7. Audit of financial statements In my opinion, the financial statements fairly present, in all material respects, the financial position of the Banking Sector Education and Training Authority at 31 March 2003 and the results of its operations and cash flows for the year then ended in accordance with South African Statements of Generally Accepted Accounting Practice and in the manner required by the Public Finance Management Act, 1999 (Act No. 1 of 1999) as amended. N MANIK for Auditor-General

  8. Approval of 2002/2003 Annual Financial Statements of the Banking Sector Education and Training Authority (BANKSETA)

  9. Challenges • Serving diverse needs from an increasing range of stakeholders • Balancing Sector and national needs • Expected changes to the seta landscape • Skills Development Amendment Act • Levy/grant machine as mechanism in the sector to create value and buy-in • Future employment opportunities in sector: need for higher level skills and shedding of lower skills category jobs

  10. BANKSETA Future Focus • Transformation • Legislative Compliance • Advocacy • Seta landscape • Strategic projects

  11. Questions ?

More Related