1.       Balance Sheet

 

Ø       We improved our non-current assets from R3,4 Mil to R6,5 Mil due to a capital works grant.

 

 - for the replacement and/or upgrading of equipment in PACOFS theatres and venues.

 

Ø       The bank balances and cash, show a significant improvement

 

- due to funds that were moved from our investment account to purchase sound equipment with capital works money.

 

Ø       Retirement Benefits

 

- Provisions for medical aid.

 

Ø       Provisions

 

- Leave and Bonus payouts.

 

2.        Income Statement

 

Ø       Turnover, Cost of Sales and Gross Profit.

 

 - Is aimed at liquor only.

 

Ø       Interest Received.

 

- due to strict and responsible financial planning and management.

 

Ø       Surplus

 

- due to strict, stringent and responsible financial planning and management.

 

 

 

 

  

3.       Cashflow Statement

 

Ø       Cash generated/utilized from operations.

 

 - We had more money in the bank due to strict budget controls but we also generated and received more money.

 

Ø       Acquisition of property, motors vehicles and equipment

 

- Spent these amounts due to the capital grant from national treasury.

 

Ø       Net cash flow from financing activities

 

- Capital works grant from national treasury.

 

 

 

 

********************