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PRESENTATION TO PORTFOLIO COMMITTEE OF DMR 2011 / 12 ANNUAL REPORT 17 OCTOBER 2012

PRESENTATION TO PORTFOLIO COMMITTEE OF DMR 2011 / 12 ANNUAL REPORT 17 OCTOBER 2012. Presentation Outline. 1. Financial performance - Annual Financial Statements 2. Auditor General’s Report - 2011/12 Audit Findings 3. Section 32 Report.

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PRESENTATION TO PORTFOLIO COMMITTEE OF DMR 2011 / 12 ANNUAL REPORT 17 OCTOBER 2012

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  1. PRESENTATION TO PORTFOLIO COMMITTEE OF DMR 2011 / 12 ANNUAL REPORT 17 OCTOBER 2012

  2. Presentation Outline 1. Financial performance - Annual Financial Statements 2. Auditor General’s Report - 2011/12 Audit Findings 3. Section 32 Report

  3. APPROPRIATION STATEMENT FOR 2011/2012

  4. Analysis of variances • The overall under spending by the Department was R9,530 millionwhich is 0.92 % of the budget • The main reason for the under spending relates to the procurement of Goods and Services and operating lease contracts whereby orders were raised during the 2011/2012 financial year but delivery thereof and processing of invoices and payments happened subsequent to that. ICT projects which were not completed on time also contributed to the under spending as payment could not be processed during the financial year as planned. This was mainly on Programme 1: Administration.

  5. Analysis of variances • Mine Health and Safety Branch reflected 99.88% spending. An amount of R6.1 million was re-allocated to other Branches to cater for over expenditure • Although Mineral Regulation Branch reflected 100% spending, an amount of R22.2 million was re-allocated to this Branch from other Branches to cater for higher than anticipated expenditure • Mineral Policy and Promotion Branch reflected 99.77% spending. An amount of R16.2 million was re-allocated to other Branches for higher than anticipated expenditure

  6. TREND ON UTILISATION OF FUNDS

  7. Analysis of Unspent Funds • Under spending has been consistently below 3% for the last three years • For the year under review, the unspent funds of 0.92% is as indicated on slide 5

  8. Analysis of major variance in Statement of Financial Performance (Actual expenditure)

  9. Analysis of major variance in Statement of Financial Performance (Actual expenditure)…cont

  10. Statement of Financial Performance: Variance analysis • The staff cost increased by 14.56% • Highest cost drivers on Goods and Service are Audit cost, Communication and Operating Leases. • There was a decrease in software costs due to the purchase of less software in comparison to previous years.

  11. Analysis of variances: Statement of Financial Position

  12. Analysis of variances: Statement of Financial Position

  13. Transfers and Subsidies to associated institutions

  14. Auditor General’s Report • The Department obtained unqualified audit report for 2011/12 • Department’s goal is a “clean report” and will continue putting process and procedures in place to ensure the achievement of this goal by 2014

  15. Auditor General’s Report (2011/2012) Emphasis of Matter

  16. Auditor General’s Report (2011/2012)…cont Compliance with laws and regulations

  17. SECTION 32 REPORT: EXPENDITURE AND REVENUE ANALYSIS AS AT 30 SEPTEMBER 2012 Year to date analysis (per economic classification)

  18. SECTION 32 REPORT: REVENUE ANALYSIS • Year to date analysis

  19. THANK YOU

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