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ACTUAL ACTUAL PERFORMANCE PERFORMANCE COMPARED TO COMPARED TO BUDGET FOR THE BUDGET FOR THE YEAR ENDED 31 YEAR ENDED 31 MARCH 2009MARCH 2009
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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
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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
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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
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Enrolments – Earned Enrolments – Earned compared to Receivedcompared to Received
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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
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Revenue and Operating Expenditure (excluding Revenue and Operating Expenditure (excluding technical provisions)technical provisions)
04/19/23
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Revenue and operating Revenue and operating expenditure excluding non expenditure excluding non
cash flow itemscash flow items
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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