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Presented by: Cathy Motsisi Chief Financial Officer

Presentation of the 3 rd Quarter Financial Performance of the Property Management Trading Entity (PMTE) to the Portfolio Committee. Presented by: Cathy Motsisi Chief Financial Officer. Financial Performance of the PMTE. Expenditure Analysis of the PMTE. Expenditure Analysis of the PMTE.

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Presented by: Cathy Motsisi Chief Financial Officer

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  1. Presentation of the 3rd Quarter Financial Performance of the Property Management Trading Entity (PMTE) to the Portfolio Committee Presented by: Cathy Motsisi Chief Financial Officer

  2. Financial Performance of the PMTE

  3. Expenditure Analysis of the PMTE

  4. Expenditure Analysis of the PMTE

  5. Accommodation Charges (State Owned)

  6. Accommodation Charges (State Owned)

  7. Accommodation Charges (State Owned) • 97% of the amounts invoiced have already been received. (This represents 74% of the amount to be invoiced for the year). • Fourth quarter invoices to be issued during January 2012. • Payments by Clients currently on schedule. This might decrease in the new financial year as Clients insist on itemized billing • Letters to DG’s to confirm occupation still to be signed off by act DG and send out with CD’s containing details. • Letter to National Treasury prepared detailing re-allocation exercise. Recommendation that current year be invoiced against devolved amounts • All four quarters of the Augmentation amount was invoiced and received in full

  8. Accommodation Charges (Private)

  9. Accommodation Charges (Private)

  10. Accommodation Charges (Private)

  11. Accommodation Charges (Private) • Private owned accommodation charges invoices for the first quarter were issued during April 2011. • The invoices were based on the expenditure of the previous financial year. • A reconciliation based on the actual expenditure in respect of the first quarter has been completed and additional invoices/ credit notes were issued. • 72% of the amounts invoiced up to October 2011 have been received. • Since July 2011, invoices have been issued retrospectively based on actual expenditure as the constant reconciliations confused the Client.

  12. Municipal Services

  13. Municipal Services

  14. Municipal Services cont.

  15. PACE Recoveries

  16. PACE Recoveries cont. • Recovery rate on PACE is good • 58% of total amount outstanding is for 30 Days • 27% of total amount outstanding is for 60 Days • 12% of total amount outstanding is for more than 90 Days • 3% of total amount outstanding is from the previous financial year

  17. Recoverable CA (current year)

  18. Recoverable CA • Total amount of R 380m outstanding • 24% of total amount outstanding is for 30 Days • 19% of total amount outstanding is for 60 Days • 31% of total amount outstanding is for more than 90 Days • 25% of total amount outstanding is from the previous financial years • Significant amounts: • Defence R 273 million (Ongoing projects – Arms of Service) -30 days to 1 year • DIRCO R 59 million (Pan African Parliament and other) 30 days to 1 year • Government Printers R 48 million (The Client refuses to pay VAT inclusive invoices. PMTE not registered for VAT. Cannot submit a Tax Invoice) 1 to 2 years (CFO to intervene)

  19. Age Analysis

  20. DPW Capital Budget

  21. Client Capital Budget

  22. I Thank you

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