KwaZulu-Natal Gaming and Betting Board

Overview Management Financial

The KwaZulu-Natal Gaming and Betting Board was merged into the KwaZulu-Natal Economic Regulatory Authority (KZNERA) in May 2024. All the information displayed here is historical information relating to the KwaZulu-Natal Gaming and Betting Board.

Financial Information

FINANCIAL POSITION
All Financial Values: R'000	2023/24	2022/23	2021/22	2020/21	2019/20

AUDIT OUTCOME	Clean Audit	Clean Audit	Clean Audit	Clean Audit	Financially Unqualified

Current Assets	70 060	74 426	78 408	88 168	103 571
Non-Current Assets	4 392	2 108	4 208	4 913	5 823
Total Assets	74 453	76 534	82 616	93 081	109 394
Current Liabilities	42 176	41 933	40 006	45 359	56 231
Non-Current Liabilities	-	-	-	-	-
Total Liabilities	42 716	41 933	40 006	45 359	56 231
Total Net Assets	32 276	34 601	42 611	47 722	53 163

FINANCIAL PERFORMANCE
Total Revenue	83 901	80 040	78 262	80 993	76 741
Revenue from Exchange Transactions	31 127	29 365	26 800	25 172	31 940
Revenue from Non-Exchange Transactions	52 774	50 675	51 462	55 821	44 801
Total Expenditure	(86 226)	(88 050)	(83 927)	(83 197)	(85 436)
Employee Related costs	(59 295)	(64 745)	(62 405)	(62 794)	(57 209)
Surplus/(Deficit) for Year	(2 325)	(8 010)	(5 665)	(2 204)	(8 695)

CASH FLOW
Net Cash Flows from Operating Activities	(377)	(3 929)	(8 106)	(11 925)	11 705
Net Cash Flows from Investing Activities	(3 787)	(45)	(1 348)	-	(3 370)
Cash & Cash Equivalents at End of Year	67 602	71 766	75 741	851 195	101 493

UIFW EXPENDITURE
Unauthorised Expenditure	-	-	-	-	-
Irregular Expenditure	-	-	-	-	-
Fruitless & Wasteful Expenditure	-	-	1	-	8

HUMAN RESOURCES
Posts Approved	98	98	98	98	87
Posts Filled	59	70	72	71	73

SOURCE	Annual Report	Annual Report	Annual Report	Annual Report	Annual Report

Annual Reports

The information in this directory is compiled from various sources and is subject to continual change. If you notice any errors or omissions, contact us so that we may correct them.