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This briefing provides an overview of SASSETA's performance and financial results, including key objectives, performance indicators, revenue and expenditure categories, and asset and liability categories. The audit report and final performance score are also included.
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SASSETA briefing to Portfolio Committee on Labour Presented by Zongezile Baloyi Chief Executive Officer - SASSETA
Contents • Introduction – SASSETA overview • NSDS Performance • Financial Performance • Summary
Introduction • Composition of SASSETA Board SASSETA Board: 28 members nominated by Chambers • Seven chambers have been formed: • Legal • Corrections • Defence • Policing • Justice • Intelligence • Private Security
Introduction SASSETA Structure as at 31 March 2009
Prioritising and communicating critical skills for sustainable growth, development and equity Objective 1 6
Objective 2 Promoting and accelerating quality training for all in the workplace.
Objective 3 Promoting employability and sustainable livelihoods through skills development.
Objective 4 Assisting designated groups, including new entrants to participate in accredited work, integrated learning and work-based programmes to acquire critical skills to enter the labour market and self employment.
Objective 5 Improving the quality and relevance of provision.
Revenue Categories R'000 Investment Other Income, Income, R 3,682 , R 21,665 , 2% 12% SDL Penalties & Interest, R 1,402 , SDL Income, 1% R 158,579 , 85% Total Revenue R185,328 Financial Results
Expenditure Categories R'000 Administration Employer Grant & Expenses, Project Expenses, R 48,252 , 32% R 102,622 , 68% Total Expenses R150,874 Financial Results
Net Surplus for the Year R'000 Total Revenue, R 200,000 R 185,328 R 180,000 Total Expenses, R 150,874 R 160,000 R 140,000 R 120,000 R'000 R 100,000 R 80,000 Net Surplus, R 60,000 R 34,454 R 40,000 R 20,000 R - Revenue, Expenses & Surplus Financial Results
Asset Categories Trade & Other Receivable , R 1,651 , Intangible Assets, 1% R 799 , 0% Inventories, R 330 , 0% PPE, R 4,513 , 2% Cash & Cash Equivalents, R 220,252 , 97% Total Assets R227,545 Financial Results
Asset Categories Trade & Other Receivable , R 1,651 , Intangible Assets, 1% R 799 , 0% Inventories, R 330 , 0% PPE, R 4,513 , 2% Cash & Cash Equivalents, R 220,252 , 97% Total Assets R227,545 Financial Results
Liability Categories R'000 Provisions, R 2,583 , Finance Lease , 10% R 39 , Finance Lease 0% Current Portion, R 422 , 2% Trade & Other Payable, R 23,951 , 88% Total Liabilities R26,995 Financial Results
Audit Report for the year ended 31 March 2009 1. Unqualified Audit Opinion 2. SASSETA has applied for the renewal of its certificate of establishment for the next 5 years ending 2015. 3. Need to keep on strengthening the control environment so as to limit the amount of adjustments at financial year-end.
Audit Report (continued) NB: Our audit opinion is an improvement from the previous financial year because although we received an unqualified audit opinion in the previous year, we also got an “emphasis of matter”. This year it was an unqualified audit opinion and there was no “emphasis of matter”.
