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PRESENTATION TO SELECT COMMITTEE ON ECONOMIC DEVELOPMENT OF DMR 2011 / 12 ANNUAL REPORT

PRESENTATION TO SELECT COMMITTEE ON ECONOMIC DEVELOPMENT OF DMR 2011 / 12 ANNUAL REPORT 28 NOVEMBER 2012. Presentation Outline. 1. Financial performance - Annual Financial Statements 2. Auditor General’s Report - 2011/12 Audit Findings.

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PRESENTATION TO SELECT COMMITTEE ON ECONOMIC DEVELOPMENT OF DMR 2011 / 12 ANNUAL REPORT

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  1. PRESENTATION TO SELECT COMMITTEE ON ECONOMIC DEVELOPMENT OF DMR 2011 / 12 ANNUAL REPORT 28 NOVEMBER 2012

  2. Presentation Outline 1. Financial performance - Annual Financial Statements 2. Auditor General’s Report - 2011/12 Audit Findings

  3. APPROPRIATION STATEMENT FOR 2011/2012

  4. TREND ON UTILISATION OF FUNDS

  5. Analysis of Unspent Funds • Under spending has been consistently below 3% for the last three years • For the year under review, the unspent funds of 0.92% is as indicated on slide 6

  6. Analysis of major variance in Statement of Financial Performance (Actual expenditure)

  7. Analysis of major variance in Statement of Financial Performance (Actual expenditure)…cont

  8. Analysis of variances: Statement of Financial Position

  9. Analysis of variances: Statement of Financial Position

  10. Transfers and Subsidies to associated institutions

  11. Auditor General’s Report • The Department obtained unqualified audit report for 2011/12 • Department’s goal is a “clean report” and will continue putting process and procedures in place to ensure the achievement of this goal by 2014

  12. Auditor General’s Report (2011/2012) Emphasis of Matter

  13. Auditor General’s Report (2011/2012)…cont Compliance with laws and regulations

  14. THANK YOU

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