4. REVENUE COLLECTION
2021/2022 | 2020/2021 | |||||
Sources of Revenue | Estimate R’000 | Actual Amount Collected R’000 | (Over)/Under Collection R’000 | Estimate R’000 | Actual Amount Collected R’000 | (Over)/Under Collection R’000 |
Fee income | 162 264 | 169 450 | (7 186) | 196 771 | 101 734 | 95 037 |
TOTAL | 162 264 | 169 450 | (7 186) | 196 771 | 101 734 | 95 037 |
Better than anticipated revenue collection occurred due to new medicine registration percentage completion reached for certain applications.
Revenue recognition will improve as SAHPRA fills funded vacancies in the 2022/23 financial year.