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QUARTERLY FINANCIAL PERFORMANCE PRESENTATION (4 th Quarter ending 31 MARCH 2013)

QUARTERLY FINANCIAL PERFORMANCE PRESENTATION (4 th Quarter ending 31 MARCH 2013). Presented by: Ms Yvonne Chetty Chief Financial Officer. PRESENTATION LAYOUT. 4 th Quarter Financial Performance for 2012/13 - Overview per Economic Classification

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QUARTERLY FINANCIAL PERFORMANCE PRESENTATION (4 th Quarter ending 31 MARCH 2013)

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  1. QUARTERLY FINANCIAL PERFORMANCE PRESENTATION (4th Quarter ending 31 MARCH 2013) Presented by: Ms Yvonne Chetty Chief Financial Officer

  2. PRESENTATION LAYOUT 4th Quarter Financial Performance for 2012/13 - Overview per Economic Classification 4th Quarter - Top 5 Major Cost Drivers (Goods & Services) For 2012/13 4th Quarter Financial Performance for 2012/13 – Overview Per Programme 4th Quarter Transfer Payment Schedule for 2012/13

  3. 4th QUARTER FINANCIAL PERFORMANCE FOR 2012/13Overview – Economic Classifications

  4. 4th QUARTER FINANCIAL PERFORMANCE FOR 2012/13 • The Department’s 2012/13 adjusted budget was a total of R6.73 billion • As at 31 March 2013, a total of R6.66 billion or 98.9% of this adjusted budget had been disbursed • This resulted in an unspent total/remaining balance of R75.49 million or 1.1% of the adjusted allocation • The overall under spend, R75.49 million, was mainly due to the spending within the Goods & services economic classification, which accounted for R37.5 million of the remaining balance, while the Transfer Payments economic classification contributed R28.1 million to the remaining balance • A roll over motivation will be submitted to the NT for consideration

  5. 4th QUARTER (TOP 5) - MAJOR COST DRIVERS: GOODS AND SERVICES FOR 2012/13 • TOTAL 12/13 GOODS & SERVICES ACTUAL: R170,208 • Travel & Subsistence: 56% of the total expenditure was incurred in the Administration programme • Lease Payments: This is inclusive of operating leases for printing machines and office accommodation for both regional and head offices. Office accommodation leases accounts for 89% of the total spend • Operating payments: Mainly for international membership fees, the total is inclusive of payments from the 2011/12 • Financial year which was funded by the approved roll over. • Property Payments: Include and amount of approx. R20m for the Bill of quantities which was payable to DPW prior to the Head office relocation

  6. 4th QUARTER FINANCIAL PERFORMANCE FOR 2012/13 - per PROGRAMME

  7. Programme 1: Administration • Compensation of employees: Variance due to additional funding from the EEDSM reclassification to clear the estimated shortfall as a result of staff additional to the establishment and salary adjustments for senior management, for the entire DoE. • Goods and services: The remaining balance is mainly due to office accommodation leases, a total of R25.6m was paid from a budget allocation of R32.2m resulting in a balance of R6.6 million • Capex: Balance due to funds shifted in order to provide for projects in Auxiliary services, e.g. PA, system, Atrium closing and equipment purchases in IT. The projects could not be • finalized and the delivery of the equipment did not take place before year end.

  8. Programme 2: Energy Policy and Planning • Goods & services: Variance mainly due to a number of projects which were not finalized as planned, e.g. the mini ADAM project , the audit of refineries as well as the clean energy campaigns within one of the PPP events which were postponed to the next financial year

  9. Programme 3: Energy Regulation • Goods & services: The payment to IPEEC for international membership fees could not be processed before year end as anticipated.

  10. Programme 4: National Electrification Programme • Goods and services: The remaining balance is as a result of the halting of procurement processes for the acquisition of the energy reporting tool, which was allocated R6m from the EEDSM reclassification • Transfer payments: The remaining balance is solely due to the performance of the Non-grid electrification project. Due to a number of challenges experienced, which led to the delayed implementation at the beginning of the financial year, the project ‘s total allocation could not be fully utilized. Contracts are already in place, with service providers carrying out the necessary work which will be the basis for a roll over motivation.

  11. Programme 5: Nuclear Energy and Regulation • Goods and services: An additional R7 million was allocated from the EEDSM reclassification and the under spent is as a result of some projects that could not be finalized before year end. These will be motivated for a roll over into the 2013/14 financial year

  12. 4th QUARTER TRANSFER PAYMENT SCHEDULE FOR 2012/13

  13. Thank You!

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