actual performance compared to budget for the year ended 31 march 2009
DESCRIPTION
ACTUAL PERFORMANCE COMPARED TO BUDGET FOR THE YEAR ENDED 31 MARCH 2009. Summary Income Statement R’ Million. Revenue Analysis. Revenue Variance R’ Million. Enrolments – Earned compared to Received. Technical liabilities. Revenue and Operating Expenditure (excluding technical provisions). - PowerPoint PPT PresentationTRANSCRIPT
ACTUAL ACTUAL PERFORMANCE PERFORMANCE COMPARED TO COMPARED TO BUDGET FOR THE BUDGET FOR THE YEAR ENDED 31 YEAR ENDED 31 MARCH 2009MARCH 2009
04/19/23
Summary Income Statement Summary Income Statement R’ MillionR’ Million
Description 2008/9
Actual
2008/9
Budget
Variance
Favourable/
(unfavourable)
Total Revenue 392 648 (256)
Unearned premium /unexpired risk provision
146 146
Operating Cost (119) (140) 21
Outstanding claims provision (27) (27)
Gross Margin 392 508 (116)
Fixed Costs (266) (338) 71
Operating Surplus/(Loss) 126 170 (44)
Interest Revenue 242 163 79
Surplus after interest 368 196 35
Revenue AnalysisRevenue Analysis
04/19/23
8,364,567
465,366,798 2,290,722
12,054,908
241,910,321
2,364,095 47,552,155
Annual Fees Enrolment Registration Fees Subsidy In-Principle
Investment Income Other Income Technical Services
04/19/23
Non-Subsidy Actual
2008/2009
Budget
2008/2009
Variance
Favourable/
(unfavourable)
Registrations/renewals 11,1 12,8 (1,7)
Home Enrolments 319,3 554,7 (235,4)
Late Enrolments 1,3 2 (0,7)
Subsidy
Project Enrolments 12,1 30,8 (18,7)
Home Enrolments - 42,6 (42,6)
Other - (Technical invoices
Technical services: Eastern Cape)
19
29,2
5
-
14
29,2
Total: 392 648 256
Revenue VarianceRevenue VarianceR’ MillionR’ Million
Enrolments – Earned Enrolments – Earned compared to Receivedcompared to Received
Technical liabilitiesTechnical liabilities
04/19/23
0
200
400
600
800
1000
1200
2005/06 2006/07 2007/08 2008/09
R
Millions
Years
Unearned Premium Unexpired risks Outstanding Claims
Revenue and Operating Expenditure (excluding Revenue and Operating Expenditure (excluding technical provisions)technical provisions)
04/19/23
Revenue and operating Revenue and operating expenditure excluding non expenditure excluding non
cash flow itemscash flow items
04/19/23
Expenditure Actual
2008/2009
Budget
2008/2009
Variance > R3 million
Operating 118 140 22
Inspections and accreditation 88 105 17
Technical : Eastern Cape 30 35 5
Fixed 266 337 71
Depreciation (ERP system) 19 34 15
Employment 143 172 29
Training (Internal) 4 17 13
Consulting 8 13 5
Premises 15 24 9
Major Expenditure VariancesMajor Expenditure VariancesR’ MillionR’ Million