38. Reconciliation between budget and statement of financial performance
Reconciliation of budget surplus/deficit with the surplus/deficit in the statement of financial performance:
Net surplus (deficit) per the statement of financial performance | 28 237 337 | (19 656 868) |
Adjusted for: | ||
(Under) / over expenditure on backog reduction project | 4 797 228 | 20 752 872 |
Prior period error adjustment | – | (6 310 050) |
Increase / decrease in backlog reduction project – grant received | 28 855 396 | 23 735 075 |
(Increase) Services in-kind | (15 348 507) | – |
Grants realised | (1 435 722) | – |
Backlog reduction project – grant received | (7 889 314) | – |
Over expenditure on impairment of assets | 404 044 | 624 618 |
(Increase) / decrease in fee income | (6 950 264) | 95 852 523 |
(Increase) / decrease in interest received | (5 558 112) | 1 993 438 |
Under expenditure on employee related costs | (5 790 060) | (68 681 994) |
Over expenditure on operating leases | (3 212 275) | (9 616 144) |
Under expenditure on operating expenses | (28 702 061) | (47 540 829) |
Over expenditure on depreciation | 7 016 149 | 5 558 241 |
Over expenditure on contracted services | 2 480 | (49 967) |
Over expenditure on loss of disposal of assets | 376 028 | 1 228 163 |
Over expenditure on bad debts | 5 537 961 | 2 795 929 |
Increase in transfer of assets | – | (767 922) |
Increase in gain on foreign exchange | (127 249) | (171 284) |
Increase in sundry income | (213 059) | (2 325 801) |
Decrease in grant received | – | 2 580 000 |
Net surplus per approved budget | – | – |